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The Oracle 1z0-1054-20 exam costs USD 245 and is available at the Oracle website.

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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

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Who should take the Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

The Oracle Software Application Platform Development 2020 Specialist Examination is tailored for experts with cloud implementation experience. This credential includes issues relevant to the delivery of the services provided by Oracle. This qualification demonstrates comprehension of the management portfolio and the configuration capability of the facilities. Up-to-date preparation and practical expertise are recommended to advise or guide lead implementations or similar activities. Both applicants have this qualification required. This course helps students to identify sub-quests, incorporate multi-questions with SET operators in a single query and report community functions on aggregate results. His chief audience are administrators, researchers, developers and system managers. The course teaches students how to observe key structural elements of Oracle database 12c, to collect data from tables in lines and columns, to manage schema objects, to produce SELECT statements, to use scalar and correlated sub-quests and much more. This course helps students to know how to perform Oracle ledger administrative and management related tasks. The audience includes the administrator, the administrator of the ledger. The course aims to instruct the candidate's concepts of data competence and auditing, management of tablespaces and undo data, management of the Oracle Database 12c network connections, security and privileges, the understanding of the architecture of the oracle general ledger, monitoring and implementation of the proactive data base instance.

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

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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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