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The Oracle 1z0-1054-20 exam tests the abilities and knowledge of the candidates by checking the following objectives:
Enterprise Cloud Structures
Cloud Journal Processing
Subledger Accounting
Intercompany Processing
-Create the Chart of Accounts and segment level rules for intercompany transactions.
Reporting & Analytics
Period Close
Budgetary Control and Encumbrance
An Oracle Financials Cloud: a trained development professional from General Ledger 2020, has a clear foundation and experience in the sale or deployment of Oracle Financials Cloud Resources. Themes such as: general configuration, market processes, journal production, sub-processing, inter-company processing, monitoring & dashboards, closing time and budgetary control & encumbrance are included in the qualification test. We suggest up-to-date preparation and field knowledge.
To obtain these certifications, this examination must be passed. Click each title below to see the complete criteria. Cloud infrastructure is always changing. Oracle publishes periodically practice, in accordance with quality updates and requirements for qualification. Before sitting, review the analysis topics to ensure you are prepared for 1z0-1054-20 practice exams. The best preparation for the exam is a combination of Oracle training and hands-on practice of 1z0-1054-20 practice exams.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Period Close and Consolidation | 15% | - Perform period close process - Execute consolidations and reconciliations - Configure and run revaluation and translation |
| Topic 2: Enterprise and Ledger Configuration | 25% | - Set up accounting calendars and currencies - Design and configure Chart of Accounts - Define primary, secondary ledgers and reporting currencies - Configure legal entity structure - Configure Chart of Accounts security |
| Topic 3: Reporting and Analytics | 10% | - Explore OTBI and General Ledger subject areas - Leverage Smart View and General Accounting Dashboard - Use Financial Reporting Studio |
| Topic 4: Subledger and Intercompany Accounting | 20% | - Create and manage subledger accounting rules - Configure intercompany setup and balancing rules - Process intercompany transactions and reconciliations |
| Topic 5: Journal Processing | 20% | - Manage journal descriptions and supporting references - Set up journal approval rules - Process manual and automated journal entries - Define allocations and periodic entries |
| Topic 6: Budgetary Control and Encumbrance | 10% | - Monitor budget consumption - Set up budgetary control - Configure and process encumbrance journals |
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