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Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials

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Topics of Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

The Oracle 1z0-1054-20 exam tests the abilities and knowledge of the candidates by checking the following objectives:

Enterprise Cloud Structures

  • Configure Ledgers
  • Configure the legal entity structure and define the relationship to the Chart of Account
  • Set up accounting hierarchies
  • Configure the Chart of Accounts
  • Configure Chart of Accounts Security
  • Set up the accounting calendar
  • Explain Essbase

Cloud Journal Processing

  • Configure automated journal processing
  • Process journal entries
  • Configure allocations and periodic entries
  • Explain the journal approval set up
  • Explain the secondary ledger and reporting currencies

Subledger Accounting

  • Create and manage Accounting Rules
  • Create and process subledger accounting entries
  • Explain the journal description rules
  • Identify supporting references

Intercompany Processing

-Create the Chart of Accounts and segment level rules for intercompany transactions.

  • Process intercompany reconciliations
  • Describe intercompany balancing
  • Set up Intercompany Accounting (system options, transaction types, organizations)
  • Process intercompany transactions and periods

Reporting & Analytics

  • Set up the Financials Reporting Studio
  • Explain how to design and use various reporting tools
  • Explain OTBI and GL Subject Areas
  • Describe Smart View accounting inquiry and analysis
  • Analyze budgets versus actuals
  • Describe the General Accounting Dashboard and Work Areas

Period Close

  • Configure and process consolidations
  • Analyze reconciliations
  • Configure and process revaluations
  • Explain the Close Process
  • Configure and process translations
  • Close monitor

Budgetary Control and Encumbrance

  • Explain how to analyze and monitor Budget Consumption
  • Process Encumbrance Journals
  • Configure and Process Budgets
  • Configure Encumbrance Accounting

Reference: https://education.oracle.com/oracle-financials-cloud-general-ledger-2020-implementation-essentials/pexam_1Z0-1054-20

Introduction to Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Administrator Exam

An Oracle Financials Cloud: a trained development professional from General Ledger 2020, has a clear foundation and experience in the sale or deployment of Oracle Financials Cloud Resources. Themes such as: general configuration, market processes, journal production, sub-processing, inter-company processing, monitoring & dashboards, closing time and budgetary control & encumbrance are included in the qualification test. We suggest up-to-date preparation and field knowledge.

To obtain these certifications, this examination must be passed. Click each title below to see the complete criteria. Cloud infrastructure is always changing. Oracle publishes periodically practice, in accordance with quality updates and requirements for qualification. Before sitting, review the analysis topics to ensure you are prepared for 1z0-1054-20 practice exams. The best preparation for the exam is a combination of Oracle training and hands-on practice of 1z0-1054-20 practice exams.

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Oracle 1z0-1054-20 Exam Syllabus Topics:

SectionObjectives
Accounting Configuration- Subledger Accounting Integration
- Accounting Methods and Rules
Financial Reporting- Account Analysis and Reporting
- Financial Reporting Studio
General Ledger Setup- Enterprise Structure Configuration
- Ledger and Ledger Options Setup
- Chart of Accounts Structure
Period Close Process- Period Close Steps
- Reconciliations and Adjustments
Journal Processing- Journal Approval Workflow
- Manual Journal Entries
- Recurring Journals

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