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Skills at a glance

• Implement financial management (40–45%)

• Implement accounts receivable, credit, collections, and subscription billing (15–20%)

• Implement and manage accounts payable and expenses (10–15%)

• Manage budgeting (10–15%)

• Manage fixed assets (10–15%)

Implement financial management (40–45%)

Design and configure the chart of accounts

• Design and configure financial dimensions

• Design and configure the chart of accounts and main accounts

• Configure main accounts 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 batch transfer rules

• Configure currency exchange types and rates

• Configure a currency revaluation posting profile

• Configure and import exchange rates by using the exchange rate provider

• Configure accounting and reporting currencies

Implement and manage journals

• Configure journal names and vouchers

• Configure journal controls and posting restriction rules

• Implement journal workflow approvals

• Configure and use periodic journals

• Configure and apply accrual schemes

• Configure intercompany accounting

• Create templates to edit journals in Microsoft Excel

• Reverse financial transaction entries

• Configure default descriptions

• Create and use journal entries, including validation and posting

• 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

Perform periodic processes

• Design and configure periodic closing processes and end-of-year processes, including main accounts and templates

• Perform financial consolidation and elimination processes by using Consolidation online

• Create and manage financial reports, including modifying row, column, and report definitions, and reporting trees

• Design and configure financial period workspaces and closing schedules

• Design and configure legal entity for consolidation and elimination by using Consolidation online

• Design consolidation and elimination by using financial reports

• Configure and process ledger settlements

• Perform general ledger foreign currency revaluation

• Manage the ledger calendar

Configure, collect, and report taxes

• Configure tax groups, tax codes, settlement periods, and authorities

• Configure tax ledger posting groups

• Settle and post sales tax

• Configure withholding tax groups, tax codes, and authorities

Implement accounts receivable, credit, collections, and subscription billing (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

• Configure customer payment methods

• Configure accounts receivable charges and apply changes to an invoice

• Manage customer holds

• Configure customer posting profiles

• Process customer payments

• Configure customer change approvals

• Perform accounts receivable foreign currency revaluation

• Configure and use billing classification

• Configure batch processing of free text and sales order invoicing

• Configure bank accounts for customers

Manage credit and collections

• Configure credit management processes

• Configure collections management processes, including collection activities

• Manage delinquent customers

• Prepare and send customer account statements

• Configure and process collection letters

• Configure aging definitions and process aged balances

• Process and manage credit holds

• Configure and use 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 use revenue deferrals and recognition, including for charges, deferral defaults, and items deferred by default

• Configure and use expense deferrals and recognition

• Process and manage revenue and expense recognition schedules

Implement and manage accounts payable and expenses (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 purchase order invoices and credit memos, including prepayments

• Configure vendor payment methods

• Configure accounts payable charges, and apply changes to an invoice

• Configure bank accounts and bank account approvals for vendors

• Configure vendor change approvals

• Perform accounts payable foreign currency revaluation

• Configure vendor invoice automation

• Process the vendor invoice journal including voyage cost

• Configure and use recurring vendor invoices

• Process and generate vendor payments, centralized payments, and prepayments

• Manage vendor holds and inactivation

Configure and use expense management

• Configure expense management including categories, per diem options, mileage expenses, intercompany expenses, and personal expenses

• Create and manage expense reports

Manage budgeting (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

• Perform budget checks on documents and journals

• Configure budget cycle time spans

• Activate or deactivate budget control configurations

Manage fixed assets (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 parameters

• Configure fixed asset books

• Configure depreciation profiles

• Create and manage fixed asset

• 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

• Process fixed asset disposals and other transactions by using the fixed asset journal

• Process fixed asset split, reclassification, and transfer

• Process acquisition and depreciation for derived books