Oracle Financials Cloud: General Ledger 2020 Implementation Essentials (Oracle Financials Cloud: General Ledger 2020 Implementation Essentials) Exam

Get Ready to Ace the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

Gearing up for the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam? Well, buckle up and get ready to embark on an exciting journey towards achieving this coveted certification. In this comprehensive exam preparation guide, we'll cover everything you need to know to be well-prepared and confident on exam day.

Exam Topics: Mastering the Essentials

The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials exam is designed to test your knowledge and skills in various areas related to implementing General Ledger in the Oracle Financials Cloud. The exam topics include:

1. General Ledger Configuration: This topic covers the configuration of General Ledger, including setting up ledger sets, chart of accounts, calendars, and currencies. It also includes the configuration of subledger accounting and the creation of accounting rules and methods.

2. Journal Entry Processing: This topic focuses on the processing of journal entries in General Ledger, including the creation, approval, and posting of journals. It also covers the management of journal batches, recurring journals, and intercompany transactions.

3. Financial Reporting and Analysis: This topic covers the creation and customization of financial reports using Financial Reporting Studio. It also includes the setup and management of reporting currencies, as well as the analysis of financial data using Smart View.

4. Consolidation and Close Process: This topic focuses on the consolidation and close process in General Ledger, including the setup and management of consolidation rules, elimination of intercompany transactions, and generation of consolidated financial statements.

5. Security and Compliance: This topic covers the setup and management of security in General Ledger, including the creation and management of users, roles, and responsibilities. It also includes the setup and management of financial controls, including journal approval and budgetary control.

Exam Details:

• Exam Cost: The cost of the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials exam may vary depending on your location. Please check the Oracle Certification website for the most up-to-date pricing information.

• Exam Duration: The exam is a proctored exam and has a duration of 105 minutes.

• Exam Format: The exam consists of multiple-choice questions, and the passing score is 70%. The questions are designed to test your knowledge and skills in the exam topics mentioned above.

• Delivery Method: The exam is delivered through the Pearson VUE testing centers or through online proctoring.

• Difficulty Level: The exam is considered to be of moderate difficulty level, and it is recommended to have hands-on experience with Oracle Financials Cloud: General Ledger implementation before attempting the exam.

Prerequisites of the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials:

Before taking the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials exam, it is recommended to have the following prerequisites:

1. Familiarity with basic accounting concepts and principles.

2. Knowledge of Oracle Financials Cloud: General Ledger features and functionalities.

3. Experience in implementing Oracle Financials Cloud: General Ledger in a real-world environment.

Benefits of the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Certification:

Obtaining the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials certification can bring several benefits to your career, including:

1. Recognition of your expertise in implementing General Ledger in Oracle Financials Cloud, which can enhance your professional credibility and marketability.

2. Access to Oracle's certification community, which provides networking opportunities and access to valuable resources and support.

3. Increased job opportunities and career advancement prospects, as many employers and clients value Oracle certifications as a benchmark of expertise.

4. Personal and professional growth through continuous learning and skill development, as obtaining the certification requires a thorough understanding of General Ledger implementation in Oracle Financials Cloud.

In conclusion, the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials exam is a valuable opportunity to demonstrate your knowledge and skills in implementing General Ledger in the Oracle Financials Cloud. By preparing for the exam using the exam preparation guide and meeting the prerequisites, you can increase your chances of success and reap the benefits of obtaining the certification. Good luck on your exam preparation journey!