The Oracle 1z0-1054-20 exam tests the abilities and knowledge of the candidates by checking the following objectives:
Enterprise Cloud Structures
Cloud Journal Processing
Subledger Accounting
Intercompany Processing
-Create the Chart of Accounts and segment level rules for intercompany transactions.
Reporting & Analytics
Period Close
Budgetary Control and Encumbrance
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Period Close and Consolidation | 15% | - Execute consolidations and reconciliations - Perform period close process - Configure and run revaluation and translation |
| Topic 2: Journal Processing | 20% | - Define allocations and periodic entries - Set up journal approval rules - Process manual and automated journal entries - Manage journal descriptions and supporting references |
| Topic 3: Enterprise and Ledger Configuration | 25% | - Define primary, secondary ledgers and reporting currencies - Configure Chart of Accounts security - Configure legal entity structure - Set up accounting calendars and currencies - Design and configure Chart of Accounts |
| Topic 4: Subledger and Intercompany Accounting | 20% | - Process intercompany transactions and reconciliations - Configure intercompany setup and balancing rules - Create and manage subledger accounting rules |
| Topic 5: Reporting and Analytics | 10% | - Leverage Smart View and General Accounting Dashboard - Use Financial Reporting Studio - Explore OTBI and General Ledger subject areas |
| Topic 6: Budgetary Control and Encumbrance | 10% | - Configure and process encumbrance journals - Monitor budget consumption - Set up budgetary control |
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