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Exam Code: 1z0-1054-20
Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
Updated: Aug 04, 2026
Q & A: 103 Questions and Answers
1z0-1054-20 Free Demo download
Oracle 1z0-1054-20 certification exam is intended for professionals who have experience working with Oracle Financials Cloud and want to enhance their skills in General Ledger implementation. Candidates who pass 1z0-1054-20 exam can demonstrate their proficiency in implementing and managing the General Ledger module of Oracle Financials Cloud. Oracle Financials Cloud: General Ledger 2020 Implementation Essentials certification not only validates the candidate's skills and knowledge but also enhances their career prospects by opening up new job opportunities and increasing their earning potential.
Oracle 1z0-1054-20 is a certification exam designed for professionals who are interested in earning the Oracle Financials Cloud: General Ledger 2020 Implementation Specialist credential. This is a challenging exam that requires a strong foundation in financials and accounting as well as experience working with Oracle E-Business Suite. 1z0-1054-20 exam tests an individual’s ability to implement and manage financials using Oracle’s cloud-based platform.
The Oracle 1z0-1054-20 exam covers a wide range of topics related to Oracle Financials Cloud General Ledger, including the setup and configuration of the application, the management of financial transactions, and the creation of financial reports. Test-takers will be required to demonstrate their knowledge of key concepts such as ledger setup, journal entry creation and management, and the use of the financial reporting center.
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Passing the Oracle 1z0-1054-20 exam is a prerequisite for the Oracle Financials Cloud: General Ledger 2020 Certified Implementation Specialist certification. Oracle Financials Cloud: General Ledger 2020 Implementation Essentials certification demonstrates an individual’s expertise in implementing financial management and accounting solutions using Oracle Financials Cloud, which can be valuable for advancing one’s career as a consultant or financial manager.
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| Section | Weight | Objectives |
|---|---|---|
| Enterprise and Ledger Configuration | 25% | - Set up accounting calendars and currencies - Define primary, secondary ledgers and reporting currencies - Design and configure Chart of Accounts - Configure Chart of Accounts security - Configure legal entity structure |
| Journal Processing | 20% | - Process manual and automated journal entries - Define allocations and periodic entries - Manage journal descriptions and supporting references - Set up journal approval rules |
| Reporting and Analytics | 10% | - Use Financial Reporting Studio - Leverage Smart View and General Accounting Dashboard - Explore OTBI and General Ledger subject areas |
| Subledger and Intercompany Accounting | 20% | - Process intercompany transactions and reconciliations - Configure intercompany setup and balancing rules - Create and manage subledger accounting rules |
| Period Close and Consolidation | 15% | - Perform period close process - Configure and run revaluation and translation - Execute consolidations and reconciliations |
| Budgetary Control and Encumbrance | 10% | - Configure and process encumbrance journals - Monitor budget consumption - Set up budgetary control |
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