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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
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.
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Oracle 1z0-1054-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| 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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