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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
- Configure the Chart of Accounts
- Configure Ledgers
- Configure the legal entity structure and define the relationship to the Chart of Account
- Set up the accounting calendar
- Set up accounting hierarchies
- Explain Essbase
- Configure Chart of Accounts Security
Cloud Journal Processing
- Process journal entries
- Explain the journal approval set up
- Configure automated journal processing
- Configure allocations and periodic entries
- Explain the secondary ledger and reporting currencies
Subledger Accounting
- Create and manage Accounting Rules
- Identify supporting references
- Explain the journal description rules
- Create and process subledger accounting entries
Intercompany Processing
-Create the Chart of Accounts and segment level rules for intercompany transactions.
- Process intercompany transactions and periods
- Process intercompany reconciliations
- Describe intercompany balancing
- Set up Intercompany Accounting (system options, transaction types, organizations)
Reporting & Analytics
- Analyze budgets versus actuals
- Describe the General Accounting Dashboard and Work Areas
- Explain OTBI and GL Subject Areas
- Set up the Financials Reporting Studio
- Explain how to design and use various reporting tools
- Describe Smart View accounting inquiry and analysis
Period Close
- Explain the Close Process
- Analyze reconciliations
- Close monitor
- Configure and process consolidations
- Configure and process translations
- Configure and process revaluations
Budgetary Control and Encumbrance
- Configure Encumbrance Accounting
- Explain how to analyze and monitor Budget Consumption
- Process Encumbrance Journals
- Configure and Process Budgets
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