Oracle Financials Cloud: General Ledger 2019 Implementation Essentials: 1Z1-1054 Exam
"Oracle Financials Cloud: General Ledger 2019 Implementation Essentials", also known as 1Z1-1054 exam, is a Oracle Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 78 Q&As to your 1Z1-1054 Exam preparation. In the 1Z1-1054 exam resources, you will cover every field and category in Oracle Financials Cloud Certification helping to ready you for your successful Oracle Certification.
- Exam Code: 1Z1-1054
- Exam Name: Oracle Financials Cloud: General Ledger 2019 Implementation Essentials
- Certification Provider: Oracle
- Corresponding Certification: Oracle Financials Cloud
- Updated: Nov 04, 2026
- No. of Questions: 78 Questions & Answers with Testing Engine
- Download Limit: Unlimited
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Oracle 1Z1-1054 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2019 Implementation Essentials |
| Exam Number: | 1Z0-1054 |
| Passing Score: | 60% |
| Certificate Validity Period: | Oracle Cloud Certification credentials are generally valid for the corresponding product release cycle |
| Real Exam Qty: | 55 |
| Related Certifications: | Oracle Financials Cloud General Ledger Certified Implementation Specialist |
| Exam Price: | USD 245 |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Pearson VUE test center or Oracle online proctored exam (availability may vary by region). |
| Pre Condition: | Oracle recommends experience with Oracle Financials Cloud General Ledger implementation and completion of relevant Oracle University training; no mandatory prerequisite exam. |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2019-implementation-essentials/pexam_1Z0-1054-19 |
Oracle 1Z1-1054 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Configure Ledgers | - Define Ledgers and Ledger Sets - Configure Primary, Secondary and Reporting Ledgers - Configure Journal and Ledger Options - Manage Data Access Sets |
| Configure Enterprise and Financial Reporting Structures | - Manage Legal Jurisdictions, Legal Authorities and Legal Entities - Manage Chart of Accounts - Manage Accounting Calendars - Manage Account Hierarchies - Manage Geographies |
| Intercompany Processing | - Intercompany Balancing Rules - Intercompany Transactions and Reconciliation - Intercompany Configuration |
| Reporting and Dashboards | - OTBI Reporting - Infolets and Dashboards - Smart View - Financial Reporting Studio |
| Period Close | - Manage Accounting Periods - Period-End Processing - Close Monitor |
| Budgetary Control and Encumbrance | - Funds Check and Reservations - Encumbrance Accounting - Budgetary Control Configuration - Budget Management |
| Journal Processing | - Recurring and Allocation Journals - Create and Manage Journals - Journal Approval and Posting - Spreadsheet Integration |
| Subledger Accounting | - Create Accounting Process - Accounting Event Processing - Accounting Methods and Rules |
Your Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Questions, Honestly Answered
Oracle specifies the following prerequisites for the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials: Oracle recommends experience with Oracle Financials Cloud General Ledger implementation and completion of relevant Oracle University training; no mandatory prerequisite exam..
Confirm the authoritative details on the official certification page before you register.
As of the latest information, the passing score for the 1Z1-1054 exam is 60% and the fee is USD 245. Oracle sets both, so verify the current figures on the official site before scheduling.
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The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials blueprint centers on these principal domains:
- Journal Processing
- Configure Ledgers
- Period Close
Further domains complete the official outline, and our question bank spans every one.
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According to the latest exam information, the 1Z1-1054 exam includes 55 questions and lasts 120 minutes minutes. Practicing under the same limit builds the pacing confidence you will want on the day.
Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- A. Anticipate growth and maintenance needs as organizational changes occur
- B. Consider implementing a single, global chart of accounts
- C. Try to use all 30 segments and 25 characters per segment because you cannot change it later
- D. Limit the number of segments to those you need today to reduce data entry
- E. Effectively manage an organization's financial business
Correct Answer: A,B,E 🗳️
You are defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)
- A. You can create a rule for all sources and categories by selecting the source "Other" and the category
"Other". - B. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
- C. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.
- D. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
Correct Answer: A,D 🗳️
Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?
- A. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
- B. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
- C. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
- D. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
Correct Answer: C 🗳️
You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)
- A. Legal Entities, Business Units, and Chart of Accounts
- B. Accounting Calendar
- C. Chart of Accounts
- D. Chart of Accounts and Business Units
- E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
Correct Answer: B,C 🗳️
When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?
- A. Make sure the tree version was published successfully
- B. Redeploy the chart of accounts
- C. Make sure to flatten the rows of the tree version
- D. Make sure the tree is active
Correct Answer: A 🗳️
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