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Oracle 1Z0-1054-21 exam is a certification exam that focuses on Oracle Financials Cloud: General Ledger 2021 Implementation Essentials. 1Z0-1054-21 exam is designed for professionals who want to validate their skills and knowledge in implementing and configuring Oracle Financials Cloud: General Ledger. 1Z0-1054-21 exam is intended for individuals who have a strong understanding of financial concepts and have experience working with Oracle Financials Cloud.
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Oracle 1Z0-1054-21 exam is a 120-minute test that includes 70 multiple-choice questions. 1Z0-1054-21 exam covers a variety of topics including General Ledger Configuration, Financial Reporting, and Period Close. 1Z0-1054-21 exam is designed to test the candidate's ability to configure the General Ledger module, create and manage accounting periods, and generate financial reports using the Oracle Financials Cloud.
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| Section | Weight | Objectives |
|---|---|---|
| Period Close and Financial Reporting | 15% | - Generate financial statements and reports - Manage accounting periods - Use Financial Reporting Studio and Smart View - Perform revaluation, translation, and consolidation |
| Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Set up intracompany balancing rules - Configure intercompany transactions |
| Budgetary Control and Encumbrance Accounting | 10% | - Configure budgetary control - Monitor budget balances and control - Set up encumbrance accounting |
| Enterprise and Financial Reporting Structures | 20% | - Define enterprise structures - Configure chart of accounts - Define financial reporting structures - Manage segment value security |
| Ledgers and Accounting Setup | 25% | - Configure currencies, calendars, and accounting conventions - Define ledgers and ledger sets - Define data access sets - Set up subledger accounting |
| Journal Processing | 20% | - Perform journal adjustments and reversals - Create and approve journal entries - Manage allocations and recurring journals - Import and post journals |
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