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What is the duration, language, and format of Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

  • Certification Validity period: 02 years.
  • There is a time limit of 85 minutes for the exam.
  • This exam is only offered in English.
  • Chapter 1: 60%
  • Chapter 3: 33%
  • Chapter 2: 45%
  • This exam consists of 55 questions.
  • The type of questions is Multiple Choice Questions.
  • Passing score:

Oracle cloud certifications require periodic recertification. To hold your certification inactive condition, you must update to the new edition within 1 year of Oracle's credential withdrawal.

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

Cloud 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

Subledger Accounting

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

Intercompany Processing

-Create the Chart of Accounts and segment level rules for intercompany transactions.

  • Process intercompany transactions and periods
  • Process intercompany reconciliations
  • Describe intercompany balancing
  • Set up Intercompany Accounting (system options, transaction types, organizations)

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

  • Configure and Process Budgets
  • Process Encumbrance Journals
  • Explain how to analyze and monitor Budget Consumption
  • Configure Encumbrance Accounting

Reference: https://education.oracle.com/oracle-financials-cloud-general-ledger-2020-implementation-essentials/pexam_1Z0-1054-20

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