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How to Study the Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam
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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 Ledgers
- Configure the Chart of Accounts
- Configure Chart of Accounts Security
- Configure the legal entity structure and define the relationship to the Chart of Account
- Set up accounting hierarchies
- Explain Essbase
- Set up the accounting calendar
Cloud Journal Processing
- Explain the secondary ledger and reporting currencies
- Explain the journal approval set up
- Configure allocations and periodic entries
- Process journal entries
- Configure automated journal processing
Subledger Accounting
- Create and manage Accounting Rules
- Create and process subledger accounting entries
- Identify supporting references
- Explain the journal description rules
Intercompany Processing
-Create the Chart of Accounts and segment level rules for intercompany transactions.
- Process intercompany reconciliations
- Describe intercompany balancing
- Set up Intercompany Accounting (system options, transaction types, organizations)
- Process intercompany transactions and periods
Reporting & Analytics
- Set up the Financials Reporting Studio
- Explain OTBI and GL Subject Areas
- Describe the General Accounting Dashboard and Work Areas
- Describe Smart View accounting inquiry and analysis
- Explain how to design and use various reporting tools
- Analyze budgets versus actuals
Period Close
- Configure and process translations
- Explain the Close Process
- Close monitor
- Configure and process revaluations
- Configure and process consolidations
- Analyze reconciliations
Budgetary Control and Encumbrance
- Configure and Process Budgets
- Explain how to analyze and monitor Budget Consumption
- Process Encumbrance Journals
- Configure Encumbrance Accounting
For more info, read the reference:
Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
