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Oracle 1Z1-1054: Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Exam is a professional-level certification for individuals who want to learn how to configure and manage the Oracle Cloud Financials application to create transparency, manage finances, and optimize business processes. 1Z0-1054 exam covers different areas such as general ledger configuration, period management, sub-ledger accounting, foreign exchange management, consolidation, and reporting. Furthermore, having this certification increases marketability, opens up new career opportunities, improves job performance and extends career progression within an organization.
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Oracle 1Z1-1054 Certification Exam comprises of 75 multiple-choice questions that must be completed in 120 minutes. 1Z0-1054 exam covers various aspects of Oracle General Ledger, including journal entries, ledgers, charts of accounts, allocations, and financial reporting. Candidates need to achieve a minimum score of 67% to pass the exam and obtain the certification.
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Dashboards | - Financial Reporting Studio - Infolets and Dashboards - Smart View - OTBI Reporting |
| Topic 2: Configure Enterprise and Financial Reporting Structures | - Manage Chart of Accounts - Manage Legal Jurisdictions, Legal Authorities and Legal Entities - Manage Geographies - Manage Accounting Calendars - Manage Account Hierarchies |
| Topic 3: Intercompany Processing | - Intercompany Configuration - Intercompany Balancing Rules - Intercompany Transactions and Reconciliation |
| Topic 4: Configure Ledgers | - Define Ledgers and Ledger Sets - Configure Primary, Secondary and Reporting Ledgers - Manage Data Access Sets - Configure Journal and Ledger Options |
| Topic 5: Period Close | - Close Monitor - Period-End Processing - Manage Accounting Periods |
| Topic 6: Journal Processing | - Spreadsheet Integration - Create and Manage Journals - Recurring and Allocation Journals - Journal Approval and Posting |
| Topic 7: Budgetary Control and Encumbrance | - Budget Management - Budgetary Control Configuration - Encumbrance Accounting - Funds Check and Reservations |
| Topic 8: Subledger Accounting | - Accounting Event Processing - Create Accounting Process - Accounting Methods and Rules |
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