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

Cloud Journal Processing

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

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
• 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 the General Accounting Dashboard and Work Areas
• Analyze budgets versus actuals
• Describe Smart View accounting inquiry and analysis

Period Close

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

Budgetary Control and Encumbrance

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

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

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

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.

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

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Introduction

Oracle is a global American information technology corporation located in California. Oracle is a multinational organisation that designs enterprise software systems. Oracle sells numerous cloud-based software and frameworks, as well as hardware and resources to help businesses grow their operations. The emphasis of Oracle's applications is data processing, market intelligence, IT operational management, corporate resource planning, protection, and new technologies. Oracle is well known for its hardware and cloud applications. Oracle Cloud, DBMS, is one of the most common corporate databases in the world.

Oracle also designs and develops methods and software for middle-tier application management frameworks, Human Capital Management (HCM), Customer Relationship Management (CRM), Enterprise Resource Planning Systems (ERP) and Supply Chain Management systems (SCM). Oracle Database is a multi-model database management framework generally known as the Oracle Database Management System (DBMS). It is a commonly used database for executing applications for data storage and transaction processing. Oracle Database is open to a variety of service providers on server, premises or mixed cloud installation.

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