Oracle Financials Cloud: General Ledger 2021 Certified Implementation Specialist

An Oracle Fusion Cloud Financials: General Ledger 2021 Certified Implementation Specialist has demonstrated the knowledge and skills required to implement Oracle Cloud Financials. Individuals who earn this certification are able to Configure Enterprise and Financial Reporting Structures, Configure Ledgers, Journal Processing, Configure and Process Intercompany, Configure Period Close and Financial Reporting and Budgetary Control and Encumbrance Accounting. Passing this exam is required to earn this certification.

Exam details:

• Exam Number: 1Z0-1054-21

• Format: Multiple Choice

• Duration: 90 Minutes

• Number of Questions: 55

• Passing Score: 60%

Skills measured:

Configuring Enterprise and Financial Reporting Structures

• (New) Manage Legal Jurisdictions, Legal Authorities and Legal Entities

• (New) Manage Geographies

• Manage Chart of Accounts

• Manage Account Hierarchies

• Manage Accounting Calendars

• Manage Chart of Accounts Security

(New) Configuring Ledgers

• (New) Manage Ledgers

• (New) Explain the General Ledger Balances Cube

• (New) Manage General Ledger Security

Journal Processing

• Explain the journal approval setup

Configure and Process Intercompany

• Manage Intercompany Balancing Rules and Additional Intercompany and Clearing Options

• Manage Intercompany Transaction Setup

• Describe intercompany balancing

• Processing Intercompany Transactions

• Process intercompany reconciliations

Configuring Period Close Components

• Explain the Close Process

• (New) Create Allocations and Periodic Entries

• Manage Revaluations

• Manage Translations

• Manage Consolidations

• Manage Reconciliations

• Close monitor

Configuring Financial Reporting

• Explain the Financial Reporting Center and available reporting tools

• Manage Reporting using Financial Reporting Web Studio

• Explain Oracle Transactional Business Intelligence

• Describe Smart View accounting inquiry and analysis

• Describe the General Accounting Dashboard and Work Areas

• Analyze budgets versus actuals