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 Chart of Accounts
- Explain Essbase
- Set up accounting hierarchies
- Configure Chart of Accounts Security
- Configure Ledgers
- Set up the accounting calendar
- 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
- Configure allocations and periodic entries
- Process journal entries
- Explain the secondary ledger and reporting currencies
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.
- Process intercompany transactions and periods
- Process intercompany reconciliations
- Set up Intercompany Accounting (system options, transaction types, organizations)
- Describe intercompany balancing
Reporting & Analytics
- Analyze budgets versus actuals
- Explain how to design and use various reporting tools
- Describe Smart View accounting inquiry and analysis
- Set up the Financials Reporting Studio
- Explain OTBI and GL Subject Areas
- Describe the General Accounting Dashboard and Work Areas
Period Close
- Configure and process revaluations
- Configure and process translations
- Configure and process consolidations
- Analyze reconciliations
- Close monitor
- Explain the Close Process
Budgetary Control and Encumbrance
- Explain how to analyze and monitor Budget Consumption
- Process Encumbrance Journals
- Configure Encumbrance Accounting
- Configure and Process Budgets
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How to Prepare for Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam
Preparation Guide for Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Administrator Exam
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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Oracle 1z0-1054-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Subledger and Intercompany Accounting | 20% | - Process intercompany transactions and reconciliations - Configure intercompany setup and balancing rules - Create and manage subledger accounting rules |
| Topic 2: Period Close and Consolidation | 15% | - Perform period close process - Configure and run revaluation and translation - Execute consolidations and reconciliations |
| Topic 3: Budgetary Control and Encumbrance | 10% | - Configure and process encumbrance journals - Set up budgetary control - Monitor budget consumption |
| Topic 4: Reporting and Analytics | 10% | - Explore OTBI and General Ledger subject areas - Leverage Smart View and General Accounting Dashboard - Use Financial Reporting Studio |
| Topic 5: Journal Processing | 20% | - Process manual and automated journal entries - Set up journal approval rules - Define allocations and periodic entries - Manage journal descriptions and supporting references |
| Topic 6: Enterprise and Ledger Configuration | 25% | - Design and configure Chart of Accounts - Set up accounting calendars and currencies - Configure Chart of Accounts security - Define primary, secondary ledgers and reporting currencies - Configure legal entity structure |








