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For more info read reference:

1z0-516 Official Certification Site

Oracle Cloud Learning Resources

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

The following will be discussed here:

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

Who should take the Oracle Planning 2020 Implementation Essentials 1z0-516

This certification is for:

• Business Users
• Administrators
• Implementers

The Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist: Oracle General Ledger certification will help you build a functional foundation in E-Business Essentials. Certify your ability to access and navigate the R12 E-Business Suite, enter data, retrieve information in the form of a query and access online help to give yourself an edge against other candidates in the job market.

You will also develop a deeper understanding of Oracle General Ledger. Building these skills will allow you to perform simultaneous accounting for multiple reporting requirements and access and process data for multiple ledgers and legal entities at the same time. This is done using the power of ledger sets. OPN Members earning this certification will be recognized as OPN Certified Specialists, which helps their companies qualify for the Oracle E-Business Suite Financial Management Specialization.

The Planning Cloud 2020 Certified Implementation Specialist has demonstrated the knowledge and expertise in implementing Enterprise Performance Management and Planning solutions. Individuals with this certification can set up and configure security, set up a Planning business process, and configure the Financials, Workforce, Capital, and Projects modules, and design Reports and Documents.

This certification is available to all candidates.

It's geared toward members of the Oracle Partner Network who are focused on selling and implementing Financial Management modules. The exam targets the intermediate-level implementation team member. Up-to-date training and field experience are recommended.

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

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

The following will be discussed here:

• Explain Budget Entry methods
• Translate budget balances
• Explain the components of budget accounting cycle
• Apply Budget Rules
• Perform budget review and correction
• Plan Budget implementation requirements
• Use available Standard budget reports
• Create budgets with Budget Wizards
• Financial Budgeting
• Transfer budget amounts
• Define budget and budget organization
• Explain the anatomy of a budget
• Review balances in Master/Detail budgets

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