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1z0-1054-20 Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

January 21, 2021 by admin

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Oracle Financials Cloud: General Ledger 2020 Certified Implementation Specialist
Format: Multiple Choice
Duration: 85 Minutes
Exam Price: Rs.36,887
Number of Questions: 55
Passing Score: 60%
Validation: This exam has been validated against 20D.
Policy: Cloud Recertification
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Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.

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Cloud technology is ever-evolving. Oracle updates exam content regularly, to align with product updates and certification standards. Check exam topics before sitting for your exam to ensure that you are prepared for any updated content.

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

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

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

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

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

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

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