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

Cloud Journal Processing

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

Subledger Accounting

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

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)
Process intercompany transactions and periods
Describe intercompany balancing

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

Explain how to analyze and monitor Budget Consumption
Configure and Process Budgets
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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