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

The Oracle Certified Expert, Oracle 1z0-1054-20: Oracle Financials Cloud: Critical implementation for 2020 The qualification of administrator is for ledger managers with at least 1 year of experience in the implementation of the ledger. It is therefore advisable to consider principles of high availability. You should be able to mount, control, track and restore ledger environments to receive this credential. You will gain a thorough understanding of the fundamentals of implementing the knowledge in preparation for the exam by using the 1z0-1054-20 practice exams. Once you have obtained this credential, you will be able to upgrade, instal, restore and retrieve, adjust and track these modules.

1z0-1054-20 practical tests are excellent sources of learning for the test but do not fulfil the teaching criteria. Oracle University Training Center, Oracle Approved Education Centre, Oracle Authorized Partner or Oracle Workforce Development Program must be provided to fulfil the training requirements. Courses can provide live interactive classes, on-request instruction, learning packages, or an in-class mentor.

What is the duration, language, and format of Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

• Chapter 3: 33%
• Certification Validity period: 02 years.
• Passing score:
• The type of questions is Multiple Choice Questions.
• Chapter 2: 45%
• This exam consists of 55 questions.
• This exam is only offered in English.
• There is a time limit of 85 minutes for the exam.
• Chapter 1: 60%

Oracle cloud certifications require periodic recertification. To hold your certification inactive condition, you must update to the new edition within 1 year of Oracle's credential withdrawal.

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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

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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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