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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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An Oracle Financials Cloud: a trained development professional from General Ledger 2020, has a clear foundation and experience in the sale or deployment of Oracle Financials Cloud Resources. Themes such as: general configuration, market processes, journal production, sub-processing, inter-company processing, monitoring & dashboards, closing time and budgetary control & encumbrance are included in the qualification test. We suggest up-to-date preparation and field knowledge.
To obtain these certifications, this examination must be passed. Click each title below to see the complete criteria. Cloud infrastructure is always changing. Oracle publishes periodically practice, in accordance with quality updates and requirements for qualification. Before sitting, review the analysis topics to ensure you are prepared for 1z0-1054-20 practice exams. The best preparation for the exam is a combination of Oracle training and hands-on practice of 1z0-1054-20 practice exams.
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| Section | Weight | Objectives |
|---|---|---|
| Journal Processing | 20% | - Define allocations and periodic entries - Process manual and automated journal entries - Manage journal descriptions and supporting references - Set up journal approval rules |
| Reporting and Analytics | 10% | - Explore OTBI and General Ledger subject areas - Use Financial Reporting Studio - Leverage Smart View and General Accounting Dashboard |
| Subledger and Intercompany Accounting | 20% | - Create and manage subledger accounting rules - Configure intercompany setup and balancing rules - Process intercompany transactions and reconciliations |
| Period Close and Consolidation | 15% | - Configure and run revaluation and translation - Perform period close process - Execute consolidations and reconciliations |
| Enterprise and Ledger Configuration | 25% | - Set up accounting calendars and currencies - Design and configure Chart of Accounts - Configure Chart of Accounts security - Configure legal entity structure - Define primary, secondary ledgers and reporting currencies |
| Budgetary Control and Encumbrance | 10% | - Configure and process encumbrance journals - Set up budgetary control - Monitor budget consumption |
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