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

Cloud Journal Processing

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

Subledger Accounting

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

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

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

Period Close

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

Budgetary Control and Encumbrance

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

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

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

The Oracle Software Application Platform Development 2020 Specialist Examination is tailored for experts with cloud implementation experience. This credential includes issues relevant to the delivery of the services provided by Oracle. This qualification demonstrates comprehension of the management portfolio and the configuration capability of the facilities. Up-to-date preparation and practical expertise are recommended to advise or guide lead implementations or similar activities. Both applicants have this qualification required. This course helps students to identify sub-quests, incorporate multi-questions with SET operators in a single query and report community functions on aggregate results. His chief audience are administrators, researchers, developers and system managers. The course teaches students how to observe key structural elements of Oracle database 12c, to collect data from tables in lines and columns, to manage schema objects, to produce SELECT statements, to use scalar and correlated sub-quests and much more. This course helps students to know how to perform Oracle ledger administrative and management related tasks. The audience includes the administrator, the administrator of the ledger. The course aims to instruct the candidate's concepts of data competence and auditing, management of tablespaces and undo data, management of the Oracle Database 12c network connections, security and privileges, the understanding of the architecture of the oracle general ledger, monitoring and implementation of the proactive data base instance.

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