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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 |
| Exam Price: | USD 245 |
| Passing Score: | 60% |
| Exam Format: | Multiple Choice, Multiple Select |
| Related Certifications: | Oracle Financials Cloud: General Ledger Certified Implementation Specialist |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Certificate Validity Period: | Version-specific / Non-expiring for 2019 edition |
| Real Exam Qty: | 70 |
| Recommended Training: | Oracle Financials Cloud: General Ledger 2019 Implementation Training |
| Exam Registration: | Oracle University Registration Pearson VUE Scheduling |
| Sample Questions: | ![]() |
| 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 |
|---|---|---|
| Enterprise Structures | 20% | - Chart of Accounts security - Accounting hierarchies setup - Chart of Accounts configuration - Accounting calendar definition - Legal entity structure configuration |
| Budgetary Control and Encumbrance | 10% | - Budget consumption monitoring - Encumbrance accounting setup - Budget configuration and processing - Encumbrance journal processing |
| Journal Processing | 15% | - Average Daily Balance processing - Automated journal processing configuration - Allocations and periodic entries - Journal approval setup - Journal entry creation and processing |
| Period Close and Consolidation | 10% | - Period close process management - Translation setup and processing - Revaluation configuration and execution - Close Monitor usage - Consolidation execution |
| Ledgers and Financial Reporting Structures | 20% | - General Ledger balances cube - Reporting currencies configuration - Fusion Accounting Hub Reporting Service - Primary and secondary ledgers setup |
| Subledger Accounting | 15% | - Accounting rules creation and management - Journal description rules - Supporting references identification - Subledger accounting entries processing |
| Intercompany Processing | 10% | - Intercompany Chart of Accounts design - Intercompany balancing rules - Intercompany accounting setup - Intercompany transactions and reconciliation |
Oracle 1Z1-1054 Exam — Asked and Answered
Yes. ExamsTorrent's free Oracle Financials Cloud: General Ledger 2019 Implementation Essentials PDF demo contains genuine sample questions with verified answers, so you can judge the quality with your own eyes. Every purchase includes 365 days of free updates, and renewing after expiry costs 50% of the regular price from your member zone. Judge first — material this confident has nothing to hide.
The fee shown above is the price of one attempt — and of every retake, at full price. So the passing score is best treated as a floor you clear with margin: work through ExamsTorrent practice questions until your timed results sit comfortably above it several sessions in a row, then register. Hours of over-preparation are cheaper than a second registration.
Think of the 1Z1-1054 exam as Oracle asking for proof, not promises: pass it, and you hold the Oracle Financials Cloud: General Ledger 2019 Certified Implementation Specialist certification, a credential at the Specialist level. The questions are built to measure applied skill across the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials objectives — the kind employers hire for. It also sits within a broader certification family covering Oracle Financials Cloud: General Ledger Certified Implementation Specialist, so one exam's effort keeps paying into the next.
The same 78 expert-written questions ship in all three — you're choosing how you want to live with the material:
- PDF version — the most popular choice: printable, instantly downloadable, ready for handwritten notes anywhere.
- Desktop Test Engine — for Windows users: recreates the real exam atmosphere with two practice modes and full offline access.
- Online Test Engine — app-like access from any browser on Windows, Mac, Android, or iOS, with test history and performance review.
Each version has its own strengths; many candidates mix them — PDF for reading, an engine for timed rehearsal.
The blueprint above spans 7 domains — treat its weightings as a budget. A domain worth 10% of the score earns a matching share of your week, while lighter areas like Ledgers and Financial Reporting Structures get maintained, not marathoned. Walk the full topic list domain by domain, and let the percentages decide where your practice hours land first.
The figures in the overview table above turn into strategy once you treat them as a budget: total time divided by total questions is your per-item allowance, and anything costing double gets flagged for a final sweep instead of a mid-exam standoff. Build the habit under a live timer — ExamsTorrent's engine sessions enforce one — so the real clock feels like a rehearsal, not a surprise.
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Work in passes, not one grind. First pass: untimed, through all 78 questions, marking weak domains against the blueprint above. Second pass: timed engine sessions, reviewing every error the same day while the reasoning is fresh. Final pass: re-test only your flagged items until they stop being wrong. Book the exam when your timed scores hold steady — not when your calendar gets impatient.
Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:
The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?
- A. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- B. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- C. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- D. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
Correct Answer: A 🗳️
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)
- A. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
- B. The Account Rule's conditions are not defined
- C. The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set
- D. The Account Rule's chart of accounts has no account values assigned
Correct Answer: A,C 🗳️
During implementation, a consultant accidentally designated the cost center segment as the natural account.
Values have already been assigned and journals have been posted.
Select the process that allows you to change the qualifier back to cost center qualifier.
- A. Create a new chart of accounts.
- B. Change and save the segment qualifier.
- C. Delete the segment and create a new segment with the correct qualifier.
- D. Delete the chart of accounts and create a new one.
Correct Answer: D 🗳️
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?
- A. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- B. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
- C. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- D. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
- E. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
Correct Answer: D 🗳️
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)
- A. Define Journal Conversion Rules that exclude subledgers
- B. Assign a Subledger Accounting Method to the secondary ledger
- C. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
- D. Define Supporting References with balances
- E. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
Correct Answer: B,E 🗳️
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