Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals Course Overview

Managing the finances of an organization is not an easy task. All the data and accounts should be properly calculated and saved to avoid any confusion or loss to the company. This is why firms now hire account managers and executives who are proficient in Budgetary control and Encumbrance accounting. In a world of extreme competition, companies usually hire candidates with certifications, and Oracle ERP certification ranks top among all the certifications available on Budgetary Control and Encumbrance Accounting. 

The Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals training course from Koenig Solutions will help equip the right amount of knowledge required for becoming a competent Account Manager. The course ensures you get ample information and hands-on experience in the various accounting tools and techniques, including the encumbrance accounting fundamentals. You also learn the optimization of setups, accounting, reporting, and budgeting. Check out the schedule below to enrol in this Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals course today.

This is a Rare Course and it can be take up to 3 weeks to arrange the training.

The 1-on-1 Advantage

Flexible Dates

  • • Choose Start Date
  • • Reschedule After Booking
  • • Weekend / Evening Option

4-Hour Sessions

You will learn:

Module 1: Budgetary Control and Encumbrance Accounting Overview
  • Identifying the Key Concepts of Oracle Financials Budgetary Control and Encumbrance Accounting
  • Navigating the Cloud Applications and Using Oracle Functional Setup Manager
  • Understanding the Implementing Options and Using Features of Budgetary Control and Encumbrance Accounting
  • Generating Various Reports Used for Budgetary Control and Encumbrance Accounting
  • Navigating Oracle Cloud Applications
  • Exploring Dashboards
  • Examining Panels
  • Reviewing Infolets and Infotiles
  • Understanding Personalizations
  • Explaining the Benefits and Key Concepts of Financials Setup Pages
  • UsIng the Opt-in Feature to Enable Offerings, Functional Areas, and Features
  • UsIng the Opt-in Feature to Enable Offerings, Functional Areas, and Features
  • Discussing Budgetary Control Features, Integration Points, and Accounting Processing
  • Examining Concepts Used for Budgetary Control
  • Explaining Security for Budgetary Control
  • Enabling Budgetary Control Options
  • Managing Control Budgets
  • Exploring Budget Amounts and Budget Periods
  • Understanding Procurement Cycle Overview
  • Discussing Reserve Funds on P2P Transactions
  • Explainng Budget Override Requests
  • Exploring Closing a Budget Period
  • Managing Carry Forward of Year-end Balances and Tansactions
  • Understanding Encumbrance Accounting Features and Integration Points
  • Applying the Encumbrance Accounting Method
  • Explaining Encumbrance Types and Encumbrance Year
  • Discussing Encumbrance Accounting Entries for P2P Transactions
  • Understanding GL Balances for Reporting
  • Carrying Forward Year-end Balances
  • Understanding Reporting Processes and Solutions
  • Exploring Budget Monitor and Account Group
  • Explaining Budget Consumed and Funds Available Infolets
  • Creating Financial Reporst by Uing the Financial Reporting Studio
  • Exploring Smart View Reporting on Budgetary Control and Encumbrance Accounting
  • Viewing OTBI Reports on Budgetary Control and Encumbrance Accounting
  • Viewing BI Publisher Reports on Budgetary Control and Encumbrance Accounting
  • Understanding Budget and Forecast Creation Methods
  • Examining Financial Plan Type Configuration
  • Exploring Control Budgets: Options and Creation
  • Managing Importing Processes
  • Performing Budgetary Control
  • Performing Encumbrance Accounting
Live Online Training (Duration : 16 Hours) Fee On Request
We Offer :
  • 1-on-1 Public - Select your own start date. Other students can be merged.
  • 1-on-1 Private - Select your own start date. You will be the only student in the class.

4 Hours
8 Hours
Week Days
Weekend

Start Time : At any time

12 AM
12 PM

1-On-1 Training is Guaranteed to Run (GTR)
Group Training
Date On Request
Course Prerequisites
  • There are no prerequisites for taking up the Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals training course. 
  • However, it would be beneficial if the participant has taken part in the Oracle Financials Cloud: Enterprise Structures with General Ledger Implementation training or has sufficient knowledge of the same. 

Our Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals training course is useful to anyone using Oracle cloud and On-premises deployment. It teaches you about the necessary concepts of Encumbrance accounting and Budgetary control to help you handle the finances efficiently. The industry experts ensure you have a strong grasp of all the required tools and aspects of Oracle ERP Cloud.

Resource planning for a company requires stringent work and knowledge, and the Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals training course offers you just that. After completing this course, the candidate will successfully get certified to become an Account Manager, Executive, etc. The certification also helps you acquire the right skills for operating Oracle's Financials Cloud. Koenig Solutions is World's No.2 and APAC's No.1 Oracle Approved Education center to deliver this Oracle ERP Cloud certification training for professionals globally.

Key Features of Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals Training

  • 2-day Instructor-led Oracle ERP Cloud Certification Training
  • Get complete access to the Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals course preview to prepare for the actual training
  • Accredited Oracle ERP Cloud course material  prepared by SMEs
  • Expert Oracle ERP Cloud instructors with industry expertise across sectors worldwide
  • Get hands-on experience through Oracle ERP Cloud lab sessions and exercises designed by Oracle and SMEs from Koenig Solutions
  • Industry-acknowledged Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals training course completion certificate provided
  • Oracle ERP Cloud training is provided across 100+ locations globally

Who can take up Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals Training?

 Individuals who can take up Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals training course include, but are not limited to:

  • Finance Professionals
  • Finance Managers
  • Project Managers
  • Account Managers
  • Account Executives
  • Account Analysts
  • Project Team Members
  • Project Board Members
  • Candidates aiming to enhance their knowledge of Oracle Financial Cloud
  • Professionals who are looking to take up Oracle Accounting Hub Cloud 2022 Certified Implementation Professional certification exam

Oracle ERP Cloud: Budgetary Control and Encumbrance Accounting Fundamentals Training Course Exam Format

There are no direct exams for this training. However, professionals with the knowledge gained through this exam can take up the "1Z0-1060-22" certification exam, which will help one earn the "Oracle Accounting Hub Cloud 2022 Certified Implementation Professional" credential.

Exam Code 1Z0-1060-22
Exam Name Oracle Accounting Hub Cloud 2022 Certified Implementation Professional
Exam Type Multiple-choice Questions
Exam Cost USD 245 (may vary depending on your location or due to currency)
Total Questions 55 Questions
Exam Duration 90 Minutes
Passing Score 64%
Languages English
Exam Center Pearson Vue (In-person or web-proctored live online exam)

 

Learning Objectives of Oracle ERP Certification Training

The Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals Course from Koenig Solutions can be taken across various learning modes including, classroom, live online, 1-on-1, and on-site training. By taking part in this Oracle accredited training, you further increase the chances of clearing the 1Z0-1060-22 certification exam with a good score that also enhances the odds of you getting a job with a higher salary.

After finishing this Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals Training, you will have a proper knowledge of:

  • Oracle Financials Cloud
  • Navigating Cloud applications and software along with hands-on experience in using Oracle Functional Setup Manager
  • Generating reports through Budgetary Control and Encumbrance Accounting 
  • Handling Budget overwrite requests

Benefits of taking up the Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals Training Course

The Oracle ERP Cloud: Budgetary control and Encumbrance Accounting Fundamentals Training Course is highly beneficial for candidates aiming higher in their careers. Identifying key features of Oracle's Budgetary Control and Encumbrance Accounting requires a deep knowledge of Oracle applications and the Cloud. Our course helps you gain the right information and skills to work on them with efficiency:

  • Introduction to Oracle Financials Cloud, Budgetary Control Security, Functional Setup Manager, etc. 
  • Hands-on experience with various tools and applications for carrying out Budgetary Control and Encumbrance Accounting tasks. 
  • Gain an understanding of Procurement Cycling and P2P Transactions. 
  • Learn from case studies that are taught by industry experts to hone your skills and give you a fair idea of how Budgetary control and Encumbrance Accounting work. 
  • You learn to generate reports for Budgetary Control. 
  • The course gives you an overview of Budget Override Requests. 
  • An understanding of Budget and Forecast creation methods helps you grasp the working of Oracle ERP cloud instantly and with precision.  
  • Studying Smart View Reporting on Budgetary Control and Encumbrance Accounting
  • Methods for boosting the account department's smooth workflow. 
  • An Oracle ERP certification on your resume will give you an edge over the other candidates during a job interview.
  • You gain immense knowledge of the subject with case studies that too in the comfort of your home. 
  • The average salary of a certified Oracle ERP Cloud professional is USD 137,000 per annum.

Student Feedback  (Check Koenig Feedback on Trustpilot)

Q1 Say something about the Trainer? Q2 How is Koenig different from other training Companies? Q3 Will you come back to Koenig for training ?

Student Name Country Feedback Rating
Abu United States A1. Yes, she was very clear & a strong mastery of both English & Azure platforms hence following was easy. She was also patient and was answering every question asked, she also shared material & tips on how to pass the exam, Well done, and keep it up.
Nick Barker United States A1. Calm and understanding, she not only kept the course running well but also took time to help those with lots of questions. Very well done.
Robin Johnson United States A2. Individual attention during training, excellent customer service and coordination. Neha has been ever so helpful and is definitely an asset to Koenig.
Shivani Prasad United States A1. The trainer was great and his teaching methods were incredible. He used different teaching methods to ensure I was learning well. A fun trainer with lots of patience and understanding.
Adam United States A1. The trainer was very knowledgeable and well prepared about the presentation/training subject, with a positive attitude towards students and making every effort in answering questions during the training session. Top-notch service!
Suresh United States A1. Exceptional... recommend to everyone!
Shyam Vaddakapett United States A1. My trainer, Mohit Kakkar was excellent as he focused on hands-on assignments to supplement the concepts of AZ 900. The training coordinator Jasmeet as well as the ops manager Sheshadri are also very professional and customer-centric. I recommend Koenig for training courses, and I will take some more courses with them soon.
Gilles Chirlias United States A1. Chavi was a great teacher, I have learned a lot from her. I would like to have her for the next training, which would be the AZ 301 and AZ 500.
Abdulrahman Saad Alshahrani United States A1. Excellent trainer. I will take another course with him someday. He deserves a good appreciation from his Manager.
Anonymous United States https://www.youtube.com/watch?v=sqC40CFfBYI

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FAQ's


1-on-1 Public - Select your start date. Other students can be merged.
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“It is an interesting story and dates back half a century. My father started a manufacturing business in India in the 1960's for import substitute electromechanical components such as microswitches. German and Japanese goods were held in high esteem so he named his company Essen Deinki (Essen is a well known industrial town in Germany and Deinki is Japanese for electric company). His products were very good quality and the fact that they sounded German and Japanese also helped. He did quite well. In 1970s he branched out into electronic products and again looked for a German name. This time he chose Koenig, and Koenig Electronics was born. In 1990s after graduating from college I was looking for a name for my company and Koenig Solutions sounded just right. Initially we had marketed under the brand of Digital Equipment Corporation but DEC went out of business and we switched to the Koenig name. Koenig is difficult to pronounce and marketeers said it is not a good choice for a B2C brand. But it has proven lucky for us.” – Says Rohit Aggarwal (Founder and CEO - Koenig Solutions)
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