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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 the accounting calendar
- Configure Chart of Accounts Security
- Configure the Chart of Accounts
- Configure Ledgers
- Explain Essbase
- Configure the legal entity structure and define the relationship to the Chart of Account
- Set up accounting hierarchies
Cloud Journal Processing
- Configure automated journal processing
- Configure allocations and periodic entries
- Explain the secondary ledger and reporting currencies
- Process journal entries
- Explain the journal approval set up
Subledger Accounting
- Create and manage Accounting Rules
- Explain the journal description rules
- Create and process subledger accounting entries
- Identify supporting references
Intercompany Processing
-Create the Chart of Accounts and segment level rules for intercompany transactions.
- Describe intercompany balancing
- Process intercompany reconciliations
- Process intercompany transactions and periods
- 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
- Explain how to design and use various reporting tools
- Set up the Financials Reporting Studio
- Analyze budgets versus actuals
Period Close
- Explain the Close Process
- Close monitor
- Configure and process revaluations
- Configure and process consolidations
- Configure and process translations
- Analyze reconciliations
Budgetary Control and Encumbrance
- Explain how to analyze and monitor Budget Consumption
- Process Encumbrance Journals
- Configure Encumbrance Accounting
- Configure and Process Budgets
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Oracle 1z0-1054-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Period Close Process | - Period Close Steps - Reconciliations and Adjustments |
| Topic 2: General Ledger Setup | - Ledger and Ledger Options Setup - Enterprise Structure Configuration - Chart of Accounts Structure |
| Topic 3: Journal Processing | - Journal Approval Workflow - Manual Journal Entries - Recurring Journals |
| Topic 4: Accounting Configuration | - Subledger Accounting Integration - Accounting Methods and Rules |
| Topic 5: Financial Reporting | - Financial Reporting Studio - Account Analysis and Reporting |
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