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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.

To obtain these certifications, this examination must be passed. Click each title below to see the complete criteria. Cloud infrastructure is always changing. Oracle publishes periodically practice, in accordance with quality updates and requirements for qualification. Before sitting, review the analysis topics to ensure you are prepared for 1z0-1054-20 practice exams. The best preparation for the exam is a combination of Oracle training and hands-on practice of 1z0-1054-20 practice exams.

Oracle 1z0-1054-20 Exam Syllabus Topics:

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

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

Cloud Journal Processing

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

Subledger Accounting

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

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 reconciliations
• Process intercompany transactions and periods

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

• Explain how to analyze and monitor Budget Consumption
• Configure Encumbrance Accounting
• Configure and Process Budgets
• 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 2: 45%
• There is a time limit of 85 minutes for the exam.
• This exam consists of 55 questions.
• Chapter 3: 33%
• This exam is only offered in English.
• Certification Validity period: 02 years.
• Chapter 1: 60%
• Passing score:
• The type of questions is Multiple Choice 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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