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Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Administrator Certification Path
The Oracle Certified Expert, Oracle 1z0-1054-20: Oracle Financials Cloud: Critical implementation for 2020 The qualification of administrator is for ledger managers with at least 1 year of experience in the implementation of the ledger. It is therefore advisable to consider principles of high availability. You should be able to mount, control, track and restore ledger environments to receive this credential. You will gain a thorough understanding of the fundamentals of implementing the knowledge in preparation for the exam by using the 1z0-1054-20 practice exams. Once you have obtained this credential, you will be able to upgrade, instal, restore and retrieve, adjust and track these modules.
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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
- Set up accounting hierarchies
- Explain Essbase
- Configure the Chart of Accounts
- 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
Cloud Journal Processing
- Explain the secondary ledger and reporting currencies
- Configure automated journal processing
- Explain the journal approval set up
- Process journal entries
- Configure allocations and periodic entries
Subledger Accounting
- Identify supporting references
- Create and process subledger accounting entries
- Explain the journal description rules
- Create and manage Accounting Rules
Intercompany Processing
-Create the Chart of Accounts and segment level rules for intercompany transactions.
- Describe intercompany balancing
- Process intercompany transactions and periods
- Set up Intercompany Accounting (system options, transaction types, organizations)
- Process intercompany reconciliations
Reporting & Analytics
- Set up the Financials Reporting Studio
- Analyze budgets versus actuals
- 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
Period Close
- Close monitor
- Configure and process revaluations
- Explain the Close Process
- Configure and process consolidations
- Configure and process translations
- Analyze reconciliations
Budgetary Control and Encumbrance
- Configure and Process Budgets
- Process Encumbrance Journals
- Configure Encumbrance Accounting
- Explain how to analyze and monitor Budget Consumption
Who should take the Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam
The Oracle Software Application Platform Development 2020 Specialist Examination is tailored for experts with cloud implementation experience. This credential includes issues relevant to the delivery of the services provided by Oracle. This qualification demonstrates comprehension of the management portfolio and the configuration capability of the facilities. Up-to-date preparation and practical expertise are recommended to advise or guide lead implementations or similar activities. Both applicants have this qualification required. This course helps students to identify sub-quests, incorporate multi-questions with SET operators in a single query and report community functions on aggregate results. His chief audience are administrators, researchers, developers and system managers. The course teaches students how to observe key structural elements of Oracle database 12c, to collect data from tables in lines and columns, to manage schema objects, to produce SELECT statements, to use scalar and correlated sub-quests and much more. This course helps students to know how to perform Oracle ledger administrative and management related tasks. The audience includes the administrator, the administrator of the ledger. The course aims to instruct the candidate's concepts of data competence and auditing, management of tablespaces and undo data, management of the Oracle Database 12c network connections, security and privileges, the understanding of the architecture of the oracle general ledger, monitoring and implementation of the proactive data base instance.
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Oracle 1z0-1054-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise and Ledger Configuration | 25% | - Configure legal entity structure - Define primary, secondary ledgers and reporting currencies - Configure Chart of Accounts security - Set up accounting calendars and currencies - Design and configure Chart of Accounts |
| Topic 2: Subledger and Intercompany Accounting | 20% | - Process intercompany transactions and reconciliations - Create and manage subledger accounting rules - Configure intercompany setup and balancing rules |
| Topic 3: Reporting and Analytics | 10% | - Leverage Smart View and General Accounting Dashboard - Use Financial Reporting Studio - Explore OTBI and General Ledger subject areas |
| Topic 4: Budgetary Control and Encumbrance | 10% | - Configure and process encumbrance journals - Monitor budget consumption - Set up budgetary control |
| Topic 5: Journal Processing | 20% | - Define allocations and periodic entries - Process manual and automated journal entries - Set up journal approval rules - Manage journal descriptions and supporting references |
| Topic 6: Period Close and Consolidation | 15% | - Configure and run revaluation and translation - Execute consolidations and reconciliations - Perform period close process |
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