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Section 1:
Implement financial management
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Weight:
35-40% |
Design and configure the chart of accounts and financial dimensions
- Design and configure financial dimensions
- Design and configure the chart of accounts and main accounts
- Configure main account categories, ledger account aliases, and balance control accounts
- Configure legal entity overrides for financial dimensions and main accounts
- Configure and manage account structures and advanced rules
- Design and configure financial tags
- Configure derived dimensions and financial dimension default templates
Configure ledgers and currencies
- Configure currency exchange types and rates
- Configure a currency revaluation posting profile
- Configure accounting and reporting currencies
- Configure ledger calendar and fiscal calendar
- Configure posting layers for ledger transactions
- Configure and process ledger allocation rules
Implement and manage journals
- Configure journal names and vouchers
- Configure journal controls and posting restriction rules
- Configure and process periodic journals
- Configure intercompany accounting
- Create and modify templates to edit journals in Microsoft Excel
- Reverse financial transaction entries
- Create, validate, and post journal entries manually and by using Microsoft Excel
- Configure batch processing of journals
Implement and manage cash and bank
- Create and manage bank groups and bank accounts
- Configure payment formats
- Configure bank reconciliations, including advanced bank reconciliations
- Configure the cash flow forecast setup, including automation setup
- Perform bank foreign currency revaluation
- Process manual and advanced bank reconciliations
- Configure shared payment setup for customers and vendors
- Configure and process customer and vendor netting
Perform periodic processes
- Design and configure periodic closing processes and end-of-year processes, including main accounts, reports, and templates
- Perform financial consolidation and elimination processes
- Design and configure financial period workspaces and closing schedules
- Design and configure legal entity for consolidation and elimination by using Consolidation online
- Configure and process ledger settlements
Configure, collect, and report taxes
- Configure sales tax groups, item sales tax groups, tax codes, settlement periods, authorities, and tax exemptions
- Configure tax ledger posting groups
- Settle and post sales tax
- Configure withholding tax groups, tax codes, and authorities
- Calculate and adjust sales tax
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Section 2:
Implement accounts receivable, credit, collections, and subscription billing
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Weight:
15-20% |
Implement and manage accounts receivable
- Configure customers and customer groups, including configuring shared customers
- Configure and process free text invoices, including recurring free text invoices
- Process sales order invoices and credit memos, including prepayments
- Configure customer payment methods
- Configure accounts receivable charges and apply changes to an invoice
- Configure customer posting profiles
- Process customer payments
- Perform accounts receivable foreign currency revaluation
- Configure billing classification
- Configure bank accounts for customers
- Process intercompany invoices
Manage credit and collections
- Configure credit management processes
- Configure collections management processes, including collection activities
- Manage delinquent customers
- Configure and process collection letters
- Configure aging definitions and process aged balances
- Process and manage credit holds
- Configure and process customer write-offs
- Configure and process interest notes
Configure and manage subscription billing
- Generate sales documents by using billing schedules
- Manage billing schedules, including price update and hold termination
- Configure contract billing, including billing schedule group, item group, and milestone setup
- Configure and process revenue deferrals and recognition, including charges
- Configure and process expense deferrals and recognition
- Process and manage revenue and expense recognition schedules
- Configure deferral defaults and items deferred by default
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Section 3:
Implement and manage accounts payable and expenses
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Weight:
10-15% |
Implement and manage accounts payable
- Configure invoice validation policies and invoice matching setup
- Configure vendor groups, vendors, and vendor posting profiles, including configuring shared vendors
- Process invoices and credit memos, with and without associated purchase orders, including prepayments
- Configure vendor payment methods
- Configure accounts payable charges, and apply changes to an invoice
- Configure vendor bank accounts
- Perform accounts payable foreign currency revaluation
- Process the vendor invoice journal
- Configure and process recurring vendor invoices
- Process and generate vendor payments, centralized payments, and prepayments
- Process intercompany vendor invoices
Configure expense management
- Configure expense management including categories, per diem options, mileage expenses, intercompany expenses, and personal expenses
- Create and manage expense reports, including expense report policies
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Section 4:
Manage budgeting
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Weight:
10-15% |
Implement basic budgeting
- Configure budgeting components, including budget models, codes, allocation terms, and transfer rules
- Create and manage budget register entries
- Compare budgeted values with actual values
Configure and manage budget controls
- Configure budget controls including budget parameters, budget fund availability options, budget control rules and groups, and over-budget permissions
- Validate budget control on transactions
Configure and manage budget planning
- Create and manage budget plans, including scenarios and allocations
- Configure budget planning process, including organization hierarchy
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Section 5:
Manage fixed assets
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Weight:
10-15% |
Implement and manage fixed assets
- Create and manage fixed asset groups and other fixed asset attributes
- Configure fixed asset posting profiles
- Configure fixed asset books, including derived books
- Configure depreciation profiles
- Create and manage fixed assets
- Configure mapping for fixed asset groups and books
Process fixed asset transactions
- Process fixed asset disposal (sales) by using free text invoices
- Process fixed asset acquisitions by using purchase orders, journals, inventory journals, and projects
- Create fixed asset budgets and transfer the budgets to the budgeting module
- Process fixed asset depreciation, including multi-company
- Process fixed asset split, reclassification, transfer, disposals and other transactions by using the fixed asset journal
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