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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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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Period Close and Consolidation | 15% | - Perform period close process - Configure and run revaluation and translation - Execute consolidations and reconciliations |
| Topic 2: Enterprise and Ledger Configuration | 25% | - Configure Chart of Accounts security - Configure legal entity structure - Define primary, secondary ledgers and reporting currencies - Design and configure Chart of Accounts - Set up accounting calendars and currencies |
| Topic 3: Subledger and Intercompany Accounting | 20% | - Process intercompany transactions and reconciliations - Create and manage subledger accounting rules - Configure intercompany setup and balancing rules |
| Topic 4: Journal Processing | 20% | - Process manual and automated journal entries - Define allocations and periodic entries - Set up journal approval rules - Manage journal descriptions and supporting references |
| Topic 5: Budgetary Control and Encumbrance | 10% | - Configure and process encumbrance journals - Monitor budget consumption - Set up budgetary control |
| Topic 6: Reporting and Analytics | 10% | - Leverage Smart View and General Accounting Dashboard - Explore OTBI and General Ledger subject areas - Use Financial Reporting Studio |
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