Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setup Manager

The following will be discussed here:

• Advanced Journal Entries
• Accounting Setup Manager
• Describe Accounting Setup considerations with no legal entities
• Describe Accounting Setup considerations with one legal entity
• Create Recurring Journals
• Describe the components of Ledger Processing options
• Formulate Mass Allocation Journals
• Describe Accounting Setup considerations with multiple legal entities
• Describe AutoAllocations and related implementation considerations
• Describe Secondary Ledgers & Reporting Currencies

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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Accounting Setups

The following will be discussed here:

• Describe the elements required to create a ledger within Oracle General Ledger
• Describe the various Subledger Accounting Options
• Consolidations
• Create eliminating entries
• Utilize the Account Hierarchy Manager to view and maintain Accounting Flexfield values
• Describe the basic components of Accounting Setup
• Create Accounting Setups
• Use the features and functionality of Global Consolidation System (GCS)
• Accounting Setups
• Creating a new Accounting Flexfield structure
• Identify the key implementation issues regarding consolidations
• Describe the important elements for creating a Chart of Accounts structure
• Use Standard reports and inquiry options available for consolidations Ledger
• Complete Accounting Setup
• Describe Ledger Balancing Segment Value Assignments
• Perform the Primary Ledger Setup steps
• Use the elements of the Consolidation Workbench
• Perform the Secondary Ledger Setup steps
• Explain overview of Consolidations and their positioning within the Oracle General Ledger business flow

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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