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Last Updated: Jun 20, 2026

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

The following will be discussed here:

  • Explain Multi-Org preferences
  • Describe the types of organizations supported in the Multi-Org model
  • Explain the concepts of subledger accounting
  • Identify key implementation considerations for Multi-Org
  • Fundamentals of Multi-Org
  • Explain the entities of Multi-Org
  • Define Multiple Organization (Multi-Org)
  • Explain Enhanced Multiple-Organization Reporting
  • Explain how Multi-Org secures data
  • Define Multi-Org Access Control

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 Financial Budgeting

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  • Create budgets with Budget Wizards
  • Explain the components of budget accounting cycle
  • Review balances in Master/Detail budgets
  • Use available Standard budget reports
  • Transfer budget amounts
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  • Plan Budget implementation requirements
  • Explain the anatomy of a budget
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Understanding functional and technical aspects of Oracle Planning 2020 Implementation Essentials 1z0-516 AutoScheduling

The following will be discussed here:

  • Explain AutoScheduling
  • Explain the Period Closing Process and Reports
  • Use Budgetary Control & maintain Summary accounts
  • Define How Parent Values/ Rollup Groups are used in General Ledger
  • Period Close
  • Describe the Journal Scheduling process
  • Describe key issues and considerations when implementing Advanced Journal Entry
  • Perform key steps in the close process
  • Summary Accounts
  • Plan and maintain Summary Account structures
  • Perform journal import of subledger balances
  • Describe the business benefits of using Oracle General Ledger's Advanced Journal Entry functions
  • Explain the accounting cycle
  • Explain summary accounts and how they are used in General Ledger
  • Determine how Summary Templates are used
  • Perform Subledger Reconciliation
  • Consolidate account balances
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