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

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

Cloud Journal Processing

• Explain the journal approval set up
• Configure allocations and periodic entries
• Configure automated journal processing
• Process journal entries
• Explain the secondary ledger and reporting currencies

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

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Oracle Accredited Professional, Oracle 1z0-1054-20: Oracle Financials Cloud: Major General Ledger 2020 Deployment Administrator qualification is not the hardest Oracle certification exam, but it is likely to fail without training. It is also strongly advised that candidates plan well by taking 1z0-1054-20 practice exams. Any remaining unanswered queries are viewed as wrong, so after reviewing 1z0-1054-20 exam dumps you can address all questions. Oracle Certification has certain examination policies that help applicants understand the process and conditions. Candidates for the 1Z0-1054-20 Oracle examination must therefore pass the examination policies and obtain details. Certificate credentials for Oracle Cloud will be valid for just 18 months after passing the examination. At the end of 18 months, this certificate is inactive. For Oracle applicants, active certification is required to have access to different certification advantages such as the use of Oracle certification logos, credentials, scoring reports, digital insignias and certification checks. In addition, the Oracle Cloud Certifications are continually updated year-round with major product and service launches to be kept up to date and published annually with a new title. Therefore, the current iteration of the test must be recertified. The examination registration is permitted on the 14th day after the examination failure. A non-procured online examination can be conducted at any time. You can not take an exam again at any time. In a 12-month cycle, only four attempts will pass an exam. A failing master assignment is required to be submitted within 30 days of receiving the notice of default. You can go to pearsonvue.com/oracle to cancel or reschedule the examination and log in. You have to choose one of the choices on the right side of the page: Return a test or cancel a test. But your complete examination fee is forfeited if you do not appear for a scheduled examination. If you pay the examination fee by means of a voucher, the voucher for future use is not validated.

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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

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

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.

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