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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.

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

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
• Configure the Chart of Accounts
• Explain Essbase
• Set up accounting hierarchies
• Configure Ledgers

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

• 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
• Explain how to design and use various reporting tools
• Analyze budgets versus actuals

Period Close

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

Budgetary Control and Encumbrance

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

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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.

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