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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

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

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