Oracle Financials Cloud: General Ledger 2020 Implementation Essentials (1Z0-1054-20) Practice Exam
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials (1Z0-1054-20)
About Oracle Financials Cloud: General Ledger 2020 Implementation Essentials (1Z0-1054-20)
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials (1Z0-1054-20) Practice Exam
An Oracle Financials Cloud: General Ledger 2020 Certified Implementation Specialist possess a strong foundation and expertise in selling or implementing Oracle Financials Cloud Service Solutions.
Skills Covered
This certification exam covers topics such as: General Set Up, Enterprise Structures, Journal Processing, Subledger Accounting, Intercompany Processing, Reporting & Dashboards, Period Close and Budgetary Control & Encumbrance Up-to-date training and field experience are recommended.
Exam Course Outline
- Exam Title: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
- Exam Number: 1Z0-1054-20
- Exam Price: $245 USD
- Format: Multiple Choice
- Duration: 85 Minutes
- Number of Questions: 55
- Passing score: 60%
- Validated Against: This exam has been validated against 20B.
Course Outline
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
- Configure Ledgers
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
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 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
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