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

Cloud Journal Processing

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

Subledger Accounting

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

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)
• Describe intercompany balancing
• Process intercompany transactions and periods

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

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

The Oracle Certified Expert, Oracle 1z0-1054-20: Oracle Financials Cloud: Critical implementation for 2020 The qualification of administrator is for ledger managers with at least 1 year of experience in the implementation of the ledger. It is therefore advisable to consider principles of high availability. You should be able to mount, control, track and restore ledger environments to receive this credential. You will gain a thorough understanding of the fundamentals of implementing the knowledge in preparation for the exam by using the 1z0-1054-20 practice exams. Once you have obtained this credential, you will be able to upgrade, instal, restore and retrieve, adjust and track these modules.

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

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