Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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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.
- Passing score:
- This exam consists of 55 questions.
- Chapter 1: 60%
- Chapter 3: 33%
- There is a time limit of 85 minutes for the exam.
- This exam is only offered in English.
- The type of questions is Multiple Choice Questions.
- Chapter 2: 45%
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.
How to Prepare for Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam
Preparation Guide for Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Administrator Exam
Introduction
Oracle is a global American information technology corporation located in California. Oracle is a multinational organisation that designs enterprise software systems. Oracle sells numerous cloud-based software and frameworks, as well as hardware and resources to help businesses grow their operations. The emphasis of Oracle's applications is data processing, market intelligence, IT operational management, corporate resource planning, protection, and new technologies. Oracle is well known for its hardware and cloud applications. Oracle Cloud, DBMS, is one of the most common corporate databases in the world.
Oracle also designs and develops methods and software for middle-tier application management frameworks, Human Capital Management (HCM), Customer Relationship Management (CRM), Enterprise Resource Planning Systems (ERP) and Supply Chain Management systems (SCM). Oracle Database is a multi-model database management framework generally known as the Oracle Database Management System (DBMS). It is a commonly used database for executing applications for data storage and transaction processing. Oracle Database is open to a variety of service providers on server, premises or mixed cloud installation.
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Oracle 1z0-1054-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Reporting and Analytics | 10% | - Use Financial Reporting Studio - Explore OTBI and General Ledger subject areas - Leverage Smart View and General Accounting Dashboard |
| Period Close and Consolidation | 15% | - Configure and run revaluation and translation - Execute consolidations and reconciliations - Perform period close process |
| Enterprise and Ledger Configuration | 25% | - Define primary, secondary ledgers and reporting currencies - Design and configure Chart of Accounts - Set up accounting calendars and currencies - Configure legal entity structure - Configure Chart of Accounts security |
| Subledger and Intercompany Accounting | 20% | - Process intercompany transactions and reconciliations - Create and manage subledger accounting rules - Configure intercompany setup and balancing rules |
| Budgetary Control and Encumbrance | 10% | - Set up budgetary control - Configure and process encumbrance journals - Monitor budget consumption |
| Journal Processing | 20% | - Manage journal descriptions and supporting references - Set up journal approval rules - Process manual and automated journal entries - Define allocations and periodic entries |
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