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Oracle Accredited Professional, Oracle 1z0-1054-20: Oracle Financials Cloud: Major General Ledger 2020 Deployment Administrator qualification is not the hardest Oracle certification exam, but it is likely to fail without training. It is also strongly advised that candidates plan well by taking 1z0-1054-20 practice exams. Any remaining unanswered queries are viewed as wrong, so after reviewing 1z0-1054-20 exam dumps you can address all questions. Oracle Certification has certain examination policies that help applicants understand the process and conditions. Candidates for the 1Z0-1054-20 Oracle examination must therefore pass the examination policies and obtain details. Certificate credentials for Oracle Cloud will be valid for just 18 months after passing the examination. At the end of 18 months, this certificate is inactive. For Oracle applicants, active certification is required to have access to different certification advantages such as the use of Oracle certification logos, credentials, scoring reports, digital insignias and certification checks. In addition, the Oracle Cloud Certifications are continually updated year-round with major product and service launches to be kept up to date and published annually with a new title. Therefore, the current iteration of the test must be recertified. The examination registration is permitted on the 14th day after the examination failure. A non-procured online examination can be conducted at any time. You can not take an exam again at any time. In a 12-month cycle, only four attempts will pass an exam. A failing master assignment is required to be submitted within 30 days of receiving the notice of default. You can go to pearsonvue.com/oracle to cancel or reschedule the examination and log in. You have to choose one of the choices on the right side of the page: Return a test or cancel a test. But your complete examination fee is forfeited if you do not appear for a scheduled examination. If you pay the examination fee by means of a voucher, the voucher for future use is not validated.

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

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

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
• Analyze budgets versus actuals
• Set up the Financials Reporting Studio

Period Close

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

Budgetary Control and Encumbrance

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

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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