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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Multi-Currency

The following will be discussed here:

  • Use Foreign Currency Reports
  • Explain Multi-Currency concepts
  • Describe overview of Secondary Tracking Segment
  • Perform Revaluation of foreign currency balances
  • Perform Foreign currency journals Entry
  • Multi-Currency
  • Translate functional balances into foreign currency
  • Use Currency Rate Manager

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-516

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Oracle 1Z0-516 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Accounting Setup and Security25%- Create and manage chart of accounts
- Use Accounting Setup Manager
- Define ledgers and ledger sets
- Implement data access security
Topic 2: Budgeting, Reporting and Period Close20%- Set up and maintain budgets
- Use summary accounts and balances
- Execute period-end and year-end closing
- Generate financial reports
Topic 3: Multi-Currency and Consolidations15%- Translate and revalue balances
- Define and use multiple currencies
- Perform consolidations and elimination sets
Topic 4: E-Business Essentials20%- Understand flexfields and Web ADI
- Describe E-Business Suite architecture and shared entities
- Navigate R12 Oracle Applications
- Explain Multi-Org fundamentals
Topic 5: Journal Processing20%- Manage recurring and mass allocation journals
- Create, review, and post journal entries
- Handle journal reversals and approvals

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