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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 Financial Reporting

The following will be discussed here:

Use Web ADI for Financial Reporting
Create FSG Reports with XML Publisher
Use Standard listing reports available for FSG report definitions
Explain key implementation issues regarding Oracle General Ledger financial reporting
Build basic reports
Financial Reporting
Explain the positioning of Financial Reporting within the Oracle General Ledger business flow
Use key elements of the Financial Statement Generator (FSG) for creating financial reports

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

The following will be discussed here:

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

Oracle 1Z1-516 Exam Syllabus Topics:

Section	Objectives
Topic 1: General Ledger Setup	- Chart of Accounts 1. Value sets and flexfields 2. Segment structure design - Ledger Configuration 1. Ledger creation and structure setup 2. Accounting calendar definition
Topic 2: Financial Reporting	- Standard Reports 1. Financial statements 2. Trial balance reports - Reporting Tools 1. Financial Statement Generator (FSG) 2. Ad hoc reporting
Topic 3: Period Close Process	- Month-End Closing 1. Adjusting entries 2. Period close activities
Topic 4: Account Management	- Budgeting 1. Budgetary control 2. Budget creation and maintenance - Account Reconciliation 1. Clearing accounts 2. Reconciliation processes
Topic 5: Journal Processing	- Journal Approval and Posting 1. Posting processes 2. Approval workflows - Journal Entry Management 1. Recurring journals 2. Manual journal entries