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Oracle 1Z1-1054 exam is a certification test that focuses on Oracle Financials Cloud: General Ledger implementation essentials. 1Z1-1054 exam is designed to validate the knowledge and skills of implementation consultants, project managers, and technical support personnel. 1Z1-1054 exam tests the candidate's understanding of various aspects of the Oracle Financials Cloud General Ledger, including business processes, features, functions, and configuration options.
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Oracle Financials Cloud General Ledger module is an essential component of the Oracle Financials Cloud suite of applications. It provides a comprehensive set of functions and features for managing financial transactions, accounts, and reporting. The 1Z1-1054 certification exam covers all aspects of the General Ledger module, including setting up and managing accounts, creating and posting journal entries, performing period-end closing activities, and generating financial reports.
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| Section | Weight | Objectives |
|---|---|---|
| Enterprise Structures | 20% | - Accounting hierarchies setup - Legal entity structure configuration - Chart of Accounts security - Chart of Accounts configuration - Accounting calendar definition |
| Subledger Accounting | 15% | - Supporting references identification - Accounting rules creation and management - Subledger accounting entries processing - Journal description rules |
| Budgetary Control and Encumbrance | 10% | - Encumbrance journal processing - Budget configuration and processing - Budget consumption monitoring - Encumbrance accounting setup |
| Period Close and Consolidation | 10% | - Period close process management - Translation setup and processing - Consolidation execution - Revaluation configuration and execution - Close Monitor usage |
| Journal Processing | 15% | - Automated journal processing configuration - Allocations and periodic entries - Journal approval setup - Journal entry creation and processing - Average Daily Balance processing |
| Intercompany Processing | 10% | - Intercompany Chart of Accounts design - Intercompany transactions and reconciliation - Intercompany accounting setup - Intercompany balancing rules |
| Ledgers and Financial Reporting Structures | 20% | - Primary and secondary ledgers setup - Fusion Accounting Hub Reporting Service - Reporting currencies configuration - General Ledger balances cube |
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