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Oracle 1z0-1054-20 : Oracle Financials Cloud: General Ledger 2020 Implementation Essentials

1z0-1054-20

Exam Code: 1z0-1054-20

Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials

Updated: Sep 01, 2025

Q & A: 103 Questions and Answers

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Oracle 1z0-1054-20 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Explain how to design and use various reporting tools
  • Explain the secondary ledger and reporting currencies
Topic 2
  • Explain the journal description rules
  • Describe intercompany balancing
Topic 3
  • Describe Smart View accounting inquiry and analysis
  • Explain the journal approval set up
Topic 4
  • Process intercompany transactions and periods
  • Configure allocations and periodic entries
Topic 5
  • Describe the General Accounting Dashboard and Work Areas
  • Process journal entries
Topic 6
  • Identify supporting references
  • Set up Intercompany Accounting
Topic 7
  • Set up the Financials Reporting Studio
  • Set up the accounting calendar
  • Set up accounting hierarchies
Topic 8
  • Configure and Process Budgets
  • Design the Chart of Accounts and segment level rules for intercompany
Topic 9
  • Configure the legal entity structure and define the relationship to the Chart of Account
  • Explain the Close Process
Topic 10
  • Create and process subledger accounting entries
  • Configure and process consolidations
Topic 11
  • Explain OTBI and GL Subject Areas
  • Configure the Chart of Accounts
  • Create and manage Accounting Rules
Topic 12
  • Configure Encumbrance Accounting
  • Configure automated journal processing
Topic 13
  • Process Encumbrance Journals
  • Analyze reconciliations
  • Intercompany Processing

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

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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

  • Explain Essbase
  • 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
  • Set up the accounting calendar
  • Configure the Chart of Accounts

Cloud Journal Processing

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

Subledger Accounting

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

Intercompany Processing

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

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

Reporting & Analytics

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

Period Close

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

Budgetary Control and Encumbrance

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

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