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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

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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

How to Prepare for Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

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

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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.

Introduction to Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Administrator Exam

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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