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

1z0-1054-20 pass collection

Exam Code: 1z0-1054-20

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

Updated: Aug 04, 2026

Q & A: 103 Questions and Answers

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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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Oracle 1z0-1054-20 Exam Syllabus Topics:

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

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

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