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Oracle 1Z0-1054-21 exam is designed to test candidates' knowledge and expertise in implementing and managing the Oracle Financials Cloud General Ledger. Oracle Financials Cloud: General Ledger 2021 Implementation Essentials certification is aimed at professionals who are responsible for implementing and maintaining financial management solutions using Oracle Financials Cloud. 1Z0-1054-21 exam covers a wide range of topics, including financial reporting, accounting, budgeting, and analytics.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Journal Processing | 20% | - Import and post journals - Create and approve journal entries - Manage allocations and recurring journals - Perform journal adjustments and reversals |
| Topic 2: Enterprise and Financial Reporting Structures | 20% | - Define financial reporting structures - Configure chart of accounts - Manage segment value security - Define enterprise structures |
| Topic 3: Budgetary Control and Encumbrance Accounting | 10% | - Monitor budget balances and control - Configure budgetary control - Set up encumbrance accounting |
| Topic 4: Period Close and Financial Reporting | 15% | - Generate financial statements and reports - Use Financial Reporting Studio and Smart View - Perform revaluation, translation, and consolidation - Manage accounting periods |
| Topic 5: Ledgers and Accounting Setup | 25% | - Configure currencies, calendars, and accounting conventions - Define ledgers and ledger sets - Set up subledger accounting - Define data access sets |
| Topic 6: Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Set up intracompany balancing rules - Configure intercompany transactions |
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