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Oracle 1Z0-1054-21 exam is intended for individuals who have a solid understanding of financial concepts and have experience working with Oracle Financials Cloud. 1Z0-1054-21 exam covers a wide range of topics, including configuring ledgers and legal entities, creating journals and journal sources, setting up chart of accounts, and managing budgets and allocations.

Oracle 1Z0-1054-21 exam is a comprehensive test that covers a wide range of topics related to the implementation of Oracle Financials Cloud: General Ledger 2021. Some of the key areas covered in 1Z0-1054-21 exam include the setup and configuration of the financials module, ledger creation and management, chart of accounts, journal creation and management, intercompany transactions, and period close and reconciliation.

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Oracle 1Z0-1054-21 exam is designed for professionals who want to demonstrate their knowledge and skills in implementing and maintaining Oracle Financials Cloud: General Ledger 2021. 1Z0-1054-21 exam is intended for individuals who have a solid understanding of financial processes, accounting principles, and general ledger concepts. Upon passing the exam, candidates will be able to earn the Oracle Financials Cloud: General Ledger 2021 Implementation Specialist certification.

The Oracle 1Z0-1054-21 exam covers a wide range of topics, including Financial Reporting, General Ledger Setup and Configuration, Period Close Processes, Subledger Accounting, and Financial Consolidation. Candidates are required to demonstrate their knowledge and understanding of these topics by answering 70 multiple-choice questions within a time limit of 105 minutes.

Oracle 1Z0-1054-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Budgetary Control and Encumbrance Accounting- Encumbrance Accounting
- Control Budgets
- Funds Check Processing
- Configure Budgetary Control
Topic 2: Configuring Ledgers- Define Ledger Options
- Configure Secondary Ledgers
- Manage Ledger Sets
- Configure Reporting Currencies
Topic 3: Configuring Enterprise and Financial Reporting Structures- Manage Legal Authorities and Legal Entities
- Manage Geographies
- Manage Ledgers
- Manage Legal Jurisdictions
- Manage Accounting Calendars
- Manage Account Hierarchies
- Manage Chart of Accounts
Topic 4: Period Close- Manage Accounting Periods
- Perform Period Close Activities
- Close Monitoring and Reporting
Topic 5: Journal Processing- Allocation Rules
- Journal Import and Posting
- Configure Journal Approval
- Create and Manage Journals
- Recurring Journals
Topic 6: Intercompany Processing- Configure Intercompany Balancing Rules
- Intercompany Reconciliation
- Process Intercompany Transactions
Topic 7: Financial Reporting- Financial Statement Generation
- Financial Reporting Studio
- Smart View Reporting
- Account Groups and Reports

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