Exam Name: Oracle Financials Cloud: General Ledger 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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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 |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 70 |
| Exam Format: | Multiple Choice, Multiple Select |
| Certificate Validity Period: | Version-specific / Non-expiring for 2019 edition |
| Related Certifications: | Oracle Financials Cloud: General Ledger Certified Implementation Specialist |
| Exam Price: | USD 245 |
| Passing Score: | 60% |
| Recommended Training: | Oracle Financials Cloud: General Ledger 2019 Implementation Training |
| Exam Registration: | Pearson VUE Scheduling Oracle University Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or Onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; 6+ months hands-on experience with Oracle Financials Cloud recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2019-implementation-essentials/pexam_1Z0-1054 |
Oracle 1Z1-1054 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Intercompany Processing | 10% | - Intercompany balancing rules - Intercompany accounting setup - Intercompany Chart of Accounts design - Intercompany transactions and reconciliation |
| Enterprise Structures | 20% | - Chart of Accounts configuration - Legal entity structure configuration - Chart of Accounts security - Accounting hierarchies setup - Accounting calendar definition |
| Budgetary Control and Encumbrance | 10% | - Encumbrance journal processing - Encumbrance accounting setup - Budget consumption monitoring - Budget configuration and processing |
| Period Close and Consolidation | 10% | - Close Monitor usage - Consolidation execution - Period close process management - Translation setup and processing - Revaluation configuration and execution |
| Journal Processing | 15% | - Average Daily Balance processing - Journal entry creation and processing - Automated journal processing configuration - Allocations and periodic entries - Journal approval setup |
| Ledgers and Financial Reporting Structures | 20% | - Primary and secondary ledgers setup - Fusion Accounting Hub Reporting Service - General Ledger balances cube - Reporting currencies configuration |
| Subledger Accounting | 15% | - Accounting rules creation and management - Journal description rules - Subledger accounting entries processing - Supporting references identification |
1Z1-1054 Exam Facts and Product Details
Patient, courteous, and available around the clock. Our team handles Oracle Financials Cloud: General Ledger 2019 Implementation Essentials questions 24/7 with genuine respect for your time — whether you need help downloading, installing, or understanding an update. We treat our reputation as something earned one customer at a time, which is why so many candidates who finish the 1Z1-1054 exam with us come back when their next certification appears on the horizon.
Oracle recommends these training resources for candidates:
Official courses supply the theory; distilled practice material with verified answers supplies the exam craft. Both belong in a serious plan.
No mandatory prerequisites; 6+ months hands-on experience with Oracle Financials Cloud recommended
A dedicated team of experts compiles the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials question bank and maintains it continuously: new questions are added as the exam evolves in the market, and the content is recomposed against the latest syllabus and trends. Difficult topics are distilled into clear, study-friendly form, and every answer is expert-verified. The 1Z1-1054 exam bank you buy is a living product, not a frozen file.
The 1Z1-1054 exam is the official assessment behind the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials certification from Oracle. Credentials like this carry weight because they demonstrate something specific: the ability to solve problems under pressure, verified by an independent exam. In a competitive field, that visible proof of skill is what helps a candidate stand out — and thorough preparation is what earns it.
Passing the 1Z1-1054 exam requires 60%, and registration costs USD 245. Success takes perspiration — and a smart way to spend it, which is exactly what objective-aligned practice with verified answers provides.
The official outline divides the 1Z1-1054 exam into weighted domains, including:
- Enterprise Structures (20%)
- Period Close and Consolidation (10%)
- Intercompany Processing (10%)
The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials bank at Lead1Pass is recomposed against this syllabus whenever it shifts, so the material tracks the exam's own direction.
Registration for the 1Z1-1054 exam runs through these official channels:
Book when your practice scores hold steady — effort is best spent before the date, not after it.
The 1Z1-1054 exam contains 70 questions with 120 minutes minutes to complete them. Solving problems under time pressure is a skill of its own — and timed practice is how you build it.
Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:
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. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
- B. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
- C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
- D. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
Correct Answer: D 🗳️
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?
- A. Define multiple ledgers for consolidation and report on ledger set
- B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
- C. Use Oracle Hyperion Financial Management for this type of complex consolidation
- D. Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
Correct Answer: C 🗳️
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?
- A. Use Smart View, which is an Excel Add-on
- B. Use Account Inspector that automatically creates graphs on financial balances
- C. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph
- D. When designing your financial statement using Financial Report (FR), embed a chart into your report
Correct Answer: D 🗳️
You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have 10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)
- A. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
- B. Use a report batch to run reports at a specific time to create a set of snapshot reports
- C. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
- D. Use OTBI to create multiple reports that you save to a folder that only the users can access
- E. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
Correct Answer: A,B 🗳️
Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)
- A. Export the table to Excel
- B. Use the Freeze feauture on the tables to scroll through large amounts of data
- C. Detach the table to resize it to the maximum size of the monitor.
- D. Run a Business Intelligence Publisher report with Excel as the output format
Correct Answer: B,C 🗳️
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