Position Budgets

Hello,

Could someone look at the following script and confirm to me whether I have the right approach and action items in the right sequence for creating Budgets in the Financial tables? 

The client went Live with JDE HCM in Jan 2017 and now just starting using the Position Control for the first time

As a prerequisite, here is what has been done:

a)  Positions have been created in F08101 for the Fiscal Year 2017;

b)  Position Account information has been created in F081012;

c)  A valid Position ID has been assigned to active employees in F060116 using P0801ORG and F08111 Position Activity records have been created accordingly;