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Oracle Financials Cloud: General Ledger 2019 (1Z0-1054) Practice Exam

Oracle Financials Cloud: General Ledger 2019 Implementation Essentials | 1Z0-1054

About Oracle Financials Cloud: General Ledger 2019 Implementation Essentials (1Z0-1054)

The Oracle General Ledger 2019 (1Z0-1054) exam will help you in becoming Oracle Financials Cloud: General Ledger 2019 Certified Implementation Specialist. This exam is for candidates who possess a strong foundation and expertise in selling or implementing Oracle Financials Cloud Service Solutions. This certification exam covers sections such as General Set Up, Enterprise Structures, Journal Processing, Subledger Accounting, Intercompany Processing, Reporting & Dashboards, Period Close and Budgetary Control & Encumbrance.

Course Structure

The Oracle General Ledger 2019 (1Z0-1054) exam covers the following topics - 

1. Enterprise Structures

Configure the Chart of Accounts

Explain Essbase

Set up accounting hierarchies

Set up the accounting calendar

Configure Chart of Accounts Security

Configure the legal entity structure and define the relationship to the Chart of Account

2. Subledger Accounting

Create and manage Accounting Rules

Create and process subledger accounting entries

Explain the journal description rules

Identify supporting references

3. Reporting & Anaytics

Explain how to design and use various reporting tools

Set up the Financials Reporting Studio

Explain OTBI and GL Subject Areas

Describe Smart View accounting inquiry and analysis

Describe the General Accounting Dashboard and Work Areas

Analyze budgets versus actuals

Describe the Fusion Accounting Hub Reporting Service

4. Budgetary Control and Encumbrance

Configure and Process Budgets

Explain how to analyze and monitor Budget Consumption

Configure Encumbrance Accounting

Process Encumbrance Journals


5. Journal Processing

Process journal entries

Configure automated journal processing

Explain the journal approval set up

Configure allocations and periodic entries

Explain Average Daily Balance Processing

Explain the secondary ledger and reporting currencies

6. Intercompany Processing

Design the Chart of Accounts and segment level rules for intercompany

Set up Intercompany Accounting (system options, transaction types, organizations)

Describe intercompany balancing

Process intercompany transactions and periods

Process intercompany reconciliations

7. Period Close

Explain the Close Process

Configure and process revaluations

Configure and process translations

Configure and process consolidations

Analyze reconciliations

Close monitor

Exam Pattern 

  • Exam Name: Oracle Financials Cloud: General Ledger 2019 Implementation Essentials
  • Exam Code: 1Z0-1054
  • Number of Questions: 70
  • Length of Time:  120 minutes
  • Exam Fee: $245 USD 
  • Exam Language: English

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