| Set up and configure financial management |
50-55% |
Define and configure the chart of accounts
- define and configure the chart of accounts and main accounts
- describe use cases for main accounts categories, ledger account aliases, and balance control accounts
- configure financial dimensions and dimension sets
- configure legal entity overrides for financial dimensions and main accounts
- create and configure account structures and advanced rules
Configure ledgers and currencies
- construct fiscal calendars, years, and periods
- configure the ledger
- describe and configure batch transfer rules
- set up currencies and conversions for a legal entity
- manually enter currency exchange rates
- configure currency exchange rate providers.
Implement and manage journals
- describe options for implementing voucher numbers in journals
- configure journal names
- setup journal controls and posting restriction rules
- describe and configure journal approvals
- create voucher templates
- describe use cases for periodic journals
- configure and apply accrual schemes
- set up intercompany accounting
Implement and manage cash and bank
- create and maintain bank groups and bank accounts
- describe and configure electronic payment formats
- configure and process bank reconciliations including advanced bank reconciliations
- configure cash flow reports
Implement cost accounting and cost management
- describe cost accounting processes and terms
- configure cost accounting processes
- create a cost accounting report by using the Cost Accounting Report wizard
- describe and configure the costing sheet and indirect costs
- configure cost objects and cost groups
- implement inventory costing versions
- differentiate between inventory costing methodologies
- configure item groups and posting profiles
- perform inventory closing and adjustment processes
Perform periodic processes
- configure a financial period workspace and closing schedule
- define and demonstrate periodic closing processes and end-of-year processes
- perform financial consolidation and elimination processes
- configure allocation terms for a main account
- create and process ledger allocation rules
- implement foreign currency revaluation processes
- create and management financial reports including row, column, and report definitions
Configure, collect, and report taxes
- configure tax groups, tax codes, settlement periods, and jurisdiction
- configure tax ledger posting groups
- prepare periodic filings including end-of-year tax reporting
|
| Implement and manage accounts payable and expenses |
10-15% |
Implement and manage Accounts payable
- configure invoice validation policies
- set up vendor posting profiles
- process orders, invoices, and payments
- configure the Vendor Collaboration module
- configure vendor payments including positive pay and payment calendars
- configure accounts payable charges
Configure and use expense management
- configure expense management including categories, per diem options, mileage expenses, and personal expenses
- configure workflows for expense management
- describe use cases for expense management policies and the Audit workbench
- describe and configure credit card processing
- manage expense reports
|
| Implement accounts receivable, credit, collections, and revenue recognition |
20-25% |
Implement and manage accounts receivable
- set up customer posting profiles
- configure and process free text invoices
- process orders, invoices, and payments
- configure customer payment setup
- configure accounts receivable charges
Manage credit and collections
- configure credit management processes
- configure collections management processes
- manage delinquent customers
- prepare and send customer account statements
- manage customer credit limits and credit holds
- set up and process collection letters and interest notes
Configure revenue recognition
- configure journals and parameters for revenue recognition
- implement revenue schedules
- enter and process revenue recognition transactions
|
| Manage budgeting and fixed assets |
10-15% |
Configure and manage budgeting processes
- configure budgeting components including budget models, codes, allocation terms, cycles, and transfer rules
- create a budget plan including scenarios, stages, allocation stages, stage allocations, and templates
- define a budget planning process and plan a budget
- configure budget controls including cycle time spans, budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions
- create and configure registry entries
- implement budget workflows
- perform budget checks on documents and journals
Implement and manage fixed assets
- create fixed assets and fixed assets groups
- configure fixed asset parameters
- describe and configure fixed asset books and depreciation
- enable integration with purchasing, projects, and free text invoices
- acquire, depreciate, and dispose of fixed assets
- create fixed asset budgets and transfer the budgets to the budgeting module
- estimate and perform an elimination of a project to a fixed asset
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