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Exam Code: 1z0-1054-20
Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
Updated: Jul 24, 2026
Q & A: 103 Questions and Answers
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Oracle cloud certifications require periodic recertification. To hold your certification inactive condition, you must update to the new edition within 1 year of Oracle's credential withdrawal.
The Oracle Certified Expert, Oracle 1z0-1054-20: Oracle Financials Cloud: Critical implementation for 2020 The qualification of administrator is for ledger managers with at least 1 year of experience in the implementation of the ledger. It is therefore advisable to consider principles of high availability. You should be able to mount, control, track and restore ledger environments to receive this credential. You will gain a thorough understanding of the fundamentals of implementing the knowledge in preparation for the exam by using the 1z0-1054-20 practice exams. Once you have obtained this credential, you will be able to upgrade, instal, restore and retrieve, adjust and track these modules.
1z0-1054-20 practical tests are excellent sources of learning for the test but do not fulfil the teaching criteria. Oracle University Training Center, Oracle Approved Education Centre, Oracle Authorized Partner or Oracle Workforce Development Program must be provided to fulfil the training requirements. Courses can provide live interactive classes, on-request instruction, learning packages, or an in-class mentor.
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The Oracle Software Application Platform Development 2020 Specialist Examination is tailored for experts with cloud implementation experience. This credential includes issues relevant to the delivery of the services provided by Oracle. This qualification demonstrates comprehension of the management portfolio and the configuration capability of the facilities. Up-to-date preparation and practical expertise are recommended to advise or guide lead implementations or similar activities. Both applicants have this qualification required. This course helps students to identify sub-quests, incorporate multi-questions with SET operators in a single query and report community functions on aggregate results. His chief audience are administrators, researchers, developers and system managers. The course teaches students how to observe key structural elements of Oracle database 12c, to collect data from tables in lines and columns, to manage schema objects, to produce SELECT statements, to use scalar and correlated sub-quests and much more. This course helps students to know how to perform Oracle ledger administrative and management related tasks. The audience includes the administrator, the administrator of the ledger. The course aims to instruct the candidate's concepts of data competence and auditing, management of tablespaces and undo data, management of the Oracle Database 12c network connections, security and privileges, the understanding of the architecture of the oracle general ledger, monitoring and implementation of the proactive data base instance.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Journal Processing | 20% | - Define allocations and periodic entries - Manage journal descriptions and supporting references - Set up journal approval rules - Process manual and automated journal entries |
| Topic 2: Budgetary Control and Encumbrance | 10% | - Set up budgetary control - Monitor budget consumption - Configure and process encumbrance journals |
| Topic 3: Subledger and Intercompany Accounting | 20% | - Process intercompany transactions and reconciliations - Configure intercompany setup and balancing rules - Create and manage subledger accounting rules |
| Topic 4: Period Close and Consolidation | 15% | - Execute consolidations and reconciliations - Perform period close process - Configure and run revaluation and translation |
| Topic 5: Reporting and Analytics | 10% | - Use Financial Reporting Studio - Explore OTBI and General Ledger subject areas - Leverage Smart View and General Accounting Dashboard |
| Topic 6: Enterprise and Ledger Configuration | 25% | - Design and configure Chart of Accounts - Configure legal entity structure - Set up accounting calendars and currencies - Configure Chart of Accounts security - Define primary, secondary ledgers and reporting currencies |
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