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To take the Oracle 1z0-1054-20 exam, candidates should have a solid understanding of accounting principles and practices, financial management, and relevant Oracle Cloud technologies. They should also have experience in implementing and configuring Oracle Financials Cloud solutions. 1z0-1054-20 exam consists of 60 multiple-choice questions that must be completed within 105 minutes. Candidates need to score a minimum of 70% to pass the exam and earn the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials certification. Upon successfully passing the exam, candidates can showcase their skills to potential employers and clients, which can lead to better job opportunities and higher salaries.
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Oracle 1z0-1054-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Enterprise and Ledger Configuration | 25% | - Define primary, secondary ledgers and reporting currencies - Configure legal entity structure - Configure Chart of Accounts security - Set up accounting calendars and currencies - Design and configure Chart of Accounts |
| Journal Processing | 20% | - Manage journal descriptions and supporting references - Process manual and automated journal entries - Define allocations and periodic entries - Set up journal approval rules |
| Period Close and Consolidation | 15% | - Configure and run revaluation and translation - Execute consolidations and reconciliations - Perform period close process |
| Budgetary Control and Encumbrance | 10% | - Monitor budget consumption - Configure and process encumbrance journals - Set up budgetary control |
| Reporting and Analytics | 10% | - Use Financial Reporting Studio - Leverage Smart View and General Accounting Dashboard - Explore OTBI and General Ledger subject areas |
| Subledger and Intercompany Accounting | 20% | - Process intercompany transactions and reconciliations - Configure intercompany setup and balancing rules - Create and manage subledger accounting rules |
