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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

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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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How much Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam Cost

The Oracle 1z0-1054-20 exam costs USD 245 and is available at the Oracle website.