Oracle Financials Cloud: General Ledger 2020 Implementation Essentials : 1z0-1054-20

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
• Configure the Chart of Accounts
• Set up the accounting calendar
• Set up accounting hierarchies
• Configure Chart of Accounts Security

Cloud Journal Processing

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

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

Reporting & Analytics

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

Period Close

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

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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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.

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