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 |
| Passing Score: | 65-68% |
| Available Languages: | English |
| Certificate Validity Period: | 2 years |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 60-70 |
| Exam Price: | $245 USD |
| Exam Format: | Multiple Response, Multiple Choice |
| Related Certifications: | Oracle Financials Cloud: Payables Implementation Essentials Oracle Financials Cloud: Receivables Implementation Essentials |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or test center exam via Oracle Certification Platform |
| Pre Condition: | Basic knowledge of accounting principles and Oracle Financials Cloud navigation is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z1-1054 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Chart of Accounts | - Segment structure design
|
| Enterprise Structures and Setup | - Ledger Configuration
|
| Reporting and Analysis | - Financial reporting tools
|
| Security and Configuration | - GL security model
|
| Period Close Process | - Close activities
|
| Journal Processing | - Journal creation and approval
|
| Subledger Accounting Integration | - Accounting rules configuration
|
Oracle Financials Cloud: General Ledger 2019 Implementation Essentials: Frequently Asked Questions
The 1Z1-1054 exam leads to the Oracle Financials Cloud Implementation Professional certification from Oracle. It is positioned at the Professional level. The exam validates the knowledge and skills expected of candidates preparing for Oracle Financials Cloud: General Ledger 2019 Implementation Essentials.
Related certifications include:
- Oracle Financials Cloud: Payables Implementation Essentials
- Oracle Financials Cloud: Receivables Implementation Essentials
The 1Z1-1054 exam includes 60-70 questions and allows 120 minutes. Before test day, divide the available time by the number of questions in a timed practice set to establish a steady per-question pace. If a difficult item starts consuming too much time, mark it for review and move forward instead of losing momentum. A full timed practice session can help you decide when to move on, when to return, and how much buffer to reserve for a final check.
The passing score for 1Z1-1054 is 65-68%, and the official exam fee is $245 USD. Because a retake requires paying the exam fee again, use timed practice results as a readiness check before scheduling your next attempt. If your performance remains inconsistent, continue reviewing weak domains and repeat a timed session before booking the exam.
Basic knowledge of accounting principles and Oracle Financials Cloud navigation is recommended.
Eligibility rules can change, so confirm the current requirements on the official exam page before registering.
You can register through the official channels listed below:
The available exam delivery method is Online proctored or test center exam via Oracle Certification Platform.
The official training options include:
After reviewing the recommended training, reinforce what you learned with ExamPrepAway's 78 practice questions for 1Z1-1054.
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If you purchase the corresponding 1Z1-1054 preparation material and do not pass that exam within 60 days of purchase, you may apply for a full refund under the 100% Money Back Guarantee. The request requires a scanned exam enrollment slip and the official Score Report PDF, submitted within two days after the exam. Eligible requests are processed within seven days.
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The current 1Z1-1054 outline is organized into 7 top-level domains. The first listed areas include:
- Chart of Accounts
- Journal Processing
- Security and Configuration
Review the Exam Topics section above for the complete outline and any nested subtopics.
Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:
You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria?
(Choose two.)
- A. Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times
- B. Create your AutoPost criteria using minimal sources and categories
- C. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
- D. Schedule your AutoPost Criteria set to run during off-peak hours only
Correct Answer: A,C 🗳️
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- A. Consider implementing a single, global chart of accounts
- B. Limit the number of segments to those you need today to reduce data entry
- C. Try to use all 30 segments and 25 characters per segment because you cannot change it later
- D. Effectively manage an organization's financial business
- E. Anticipate growth and maintenance needs as organizational changes occur
Correct Answer: A,D,E 🗳️
The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?
- A. Journal Batch
- B. Journal Category
- C. Journal Source
- D. Journal Description
Correct Answer: C 🗳️
You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?
- A. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
- B. Run Closing Status reports
- C. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
- D. Use Close Monitor in General Accounting Dashboard
Correct Answer: B 🗳️
Which tool can you use to create a Financial Income Statement?
- A. Rapid Implementation Enterprise Structures setup
- B. PS/nVision
- C. Account Inspector
- D. One View Reporting
Correct Answer: C 🗳️
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