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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

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

Oracle 1z0-1054-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Period Close Process- Period Close Steps
- Reconciliations and Adjustments
Topic 2: Journal Processing- Recurring Journals
- Manual Journal Entries
- Journal Approval Workflow
Topic 3: General Ledger Setup- Ledger and Ledger Options Setup
- Chart of Accounts Structure
- Enterprise Structure Configuration
Topic 4: Financial Reporting- Account Analysis and Reporting
- Financial Reporting Studio
Topic 5: Accounting Configuration- Accounting Methods and Rules
- Subledger Accounting Integration

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