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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

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

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What is the duration, language, and format of Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

• Chapter 2: 45%
• The type of questions is Multiple Choice Questions.
• This exam is only offered in English.
• There is a time limit of 85 minutes for the exam.
• Passing score:
• Chapter 3: 33%
• This exam consists of 55 questions.
• Certification Validity period: 02 years.
• Chapter 1: 60%

Oracle cloud certifications require periodic recertification. To hold your certification inactive condition, you must update to the new edition within 1 year of Oracle's credential withdrawal.

Oracle 1z0-1054-20 Exam Syllabus Topics: