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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

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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

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

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1z0-1054-20 practical tests are excellent sources of learning for the test but do not fulfil the teaching criteria. Oracle University Training Center, Oracle Approved Education Centre, Oracle Authorized Partner or Oracle Workforce Development Program must be provided to fulfil the training requirements. Courses can provide live interactive classes, on-request instruction, learning packages, or an in-class mentor.

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

Who should take the Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

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