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Updated: Nov 01, 2026

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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.

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

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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

Oracle 1z0-1054-20 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
Exam Number:1Z0-1054-20
Related Certifications:Oracle ERP Cloud Certifications
Oracle Financials Cloud: General Ledger
Exam Format:Multiple Choice, Multiple Response
Available Languages:English
Recommended Training:Oracle Financials Cloud Training
Exam Registration:Oracle Certification Registration
Sample Questions:Oracle 1z0-1054-20 Sample Questions
Exam Way:Online proctored exam via Oracle testing platform or authorized test centers.
Pre Condition:Recommended understanding of Oracle Financials Cloud fundamentals and general accounting principles.
Official Syllabus URL:https://education.oracle.com

Oracle 1z0-1054-20 Exam Syllabus Topics:

SectionObjectives
Topic 1: Accounting Configuration- Subledger Accounting Integration
- Accounting Methods and Rules
Topic 2: General Ledger Setup- Enterprise Structure Configuration
- Chart of Accounts Structure
- Ledger and Ledger Options Setup
Topic 3: Period Close Process- Period Close Steps
- Reconciliations and Adjustments
Topic 4: Journal Processing- Manual Journal Entries
- Recurring Journals
- Journal Approval Workflow
Topic 5: Financial Reporting- Financial Reporting Studio
- Account Analysis and Reporting

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