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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
- Explain Essbase
- Set up the accounting calendar
- Configure the legal entity structure and define the relationship to the Chart of Account
- Configure Chart of Accounts Security
- Configure Ledgers
- Configure the Chart of Accounts
- Set up accounting hierarchies
Cloud Journal Processing
- Configure automated journal processing
- Configure allocations and periodic entries
- Explain the journal approval set up
- Explain the secondary ledger and reporting currencies
- Process journal 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.
- Process intercompany transactions and periods
- Process intercompany reconciliations
- Set up Intercompany Accounting (system options, transaction types, organizations)
- Describe intercompany balancing
Reporting & Analytics
- Set up the Financials Reporting Studio
- Describe the General Accounting Dashboard and Work Areas
- Analyze budgets versus actuals
- Explain how to design and use various reporting tools
- Describe Smart View accounting inquiry and analysis
- Explain OTBI and GL Subject Areas
Period Close
- Configure and process revaluations
- Configure and process translations
- Close monitor
- Analyze reconciliations
- Explain the Close Process
- Configure and process consolidations
Budgetary Control and Encumbrance
- Explain how to analyze and monitor Budget Consumption
- Configure and Process Budgets
- Configure Encumbrance Accounting
- Process Encumbrance Journals
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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: 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.
1z0-1054-20 practical tests are excellent sources of learning for the test but do not fulfil the teaching criteria. Oracle University Training Center, Oracle Approved Education Centre, Oracle Authorized Partner or Oracle Workforce Development Program must be provided to fulfil the training requirements. Courses can provide live interactive classes, on-request instruction, learning packages, or an in-class mentor.
