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What is the duration, language, and format of Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

  • Chapter 2: 45%
  • This exam is only offered in English.
  • Certification Validity period: 02 years.
  • Chapter 3: 33%
  • Chapter 1: 60%
  • This exam consists of 55 questions.
  • The type of questions is Multiple Choice Questions.
  • Passing score:
  • There is a time limit of 85 minutes for the exam.

Oracle cloud certifications require periodic recertification. To hold your certification inactive condition, you must update to the new edition within 1 year of Oracle's credential withdrawal.

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How to Prepare for Oracle 1z0-1054-20: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

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

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Oracle 1z0-1054-20 Exam Syllabus Topics:

SectionWeightObjectives
Enterprise and Ledger Configuration25%- Configure legal entity structure
- Define primary, secondary ledgers and reporting currencies
- Design and configure Chart of Accounts
- Configure Chart of Accounts security
- Set up accounting calendars and currencies
Reporting and Analytics10%- Leverage Smart View and General Accounting Dashboard
- Use Financial Reporting Studio
- Explore OTBI and General Ledger subject areas
Budgetary Control and Encumbrance10%- Configure and process encumbrance journals
- Set up budgetary control
- Monitor budget consumption
Subledger and Intercompany Accounting20%- Process intercompany transactions and reconciliations
- Configure intercompany setup and balancing rules
- Create and manage subledger accounting rules
Journal Processing20%- Define allocations and periodic entries
- Process manual and automated journal entries
- Manage journal descriptions and supporting references
- Set up journal approval rules
Period Close and Consolidation15%- Configure and run revaluation and translation
- Execute consolidations and reconciliations
- Perform period close process

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