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Oracle 1Z0-1054-21 exam covers a range of topics related to General Ledger implementation, including configuring the chart of accounts, managing journal entries, creating financial reports, and setting up accounting rules. Candidates will also be tested on their ability to integrate General Ledger with other financial applications, such as Accounts Payable and Accounts Receivable. 1Z0-1054-21 exam consists of 60 multiple-choice questions, and candidates have two hours to complete it. Upon successful completion of the exam, candidates will receive the Oracle Financial Cloud: General Ledger 2021 Implementation Essentials certification, which is recognized worldwide and can help advance their careers in finance and accounting.
To pass the Oracle 1Z0-1054-21 certification exam, candidates must have a solid understanding of the Oracle Financials Cloud General Ledger module and be able to apply this knowledge to solve real-world business problems. 1Z0-1054-21 exam consists of 70 multiple-choice questions and must be completed within 105 minutes. The passing score for 1Z0-1054-21 exam is 68%, and candidates can take the exam online or at a Pearson VUE testing center. Upon passing the exam, candidates will receive the Oracle Financials Cloud: General Ledger 2021 Certified Implementation Specialist certification, which is recognized worldwide as a mark of excellence in Oracle Financials Cloud implementation.
Candidates who pass 1Z0-1054-21 exam will be qualified to implement and maintain General Ledger 2021 solutions using Oracle Financials Cloud. They will also demonstrate expertise in setting up, configuring, and managing the solution to meet specific business requirements. The Oracle 1Z0-1054-21 exam is a valuable credential that will help candidates to gain recognition as experts in their field and increase their overall industry value. Oracle Financials Cloud: General Ledger 2021 Implementation Essentials certification prepares them for positions such as financial analysts, general ledger accountants, financial operations specialists, and more.
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Oracle 1Z0-1054-21 (Oracle Financials Cloud: General Ledger 2021 Implementation Essentials) Certification Exam is designed to test the skills and knowledge of professionals who are involved in the implementation of Oracle Financials Cloud: General Ledger 2021. Oracle Financials Cloud: General Ledger 2021 Implementation Essentials certification exam is intended for individuals who are responsible for configuring and managing the financials module of Oracle Cloud applications.
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| Section | Objectives |
|---|---|
| Topic 1: Budgetary Control and Encumbrance Accounting | - Funds Check Processing - Configure Budgetary Control - Control Budgets - Encumbrance Accounting |
| Topic 2: Journal Processing | - Recurring Journals - Configure Journal Approval - Allocation Rules - Journal Import and Posting - Create and Manage Journals |
| Topic 3: Financial Reporting | - Smart View Reporting - Financial Statement Generation - Financial Reporting Studio - Account Groups and Reports |
| Topic 4: Period Close | - Perform Period Close Activities - Close Monitoring and Reporting - Manage Accounting Periods |
| Topic 5: Configuring Enterprise and Financial Reporting Structures | - Manage Geographies - Manage Legal Authorities and Legal Entities - Manage Accounting Calendars - Manage Account Hierarchies - Manage Legal Jurisdictions - Manage Chart of Accounts - Manage Ledgers |
| Topic 6: Configuring Ledgers | - Define Ledger Options - Configure Secondary Ledgers - Configure Reporting Currencies - Manage Ledger Sets |
| Topic 7: Intercompany Processing | - Process Intercompany Transactions - Intercompany Reconciliation - Configure Intercompany Balancing Rules |
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