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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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