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Different candidates study differently, and ExamsTorrent stopped pretending otherwise. The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials package includes three versions of the same 103 practice questions: PDF for printers, Desktop Test Engine for Windows simulators, Online Test Engine for browsers on any platform.
Oracle 1z0-1054-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2020 Implementation Essentials |
| Exam Number: | 1Z0-1054-20 |
| Real Exam Qty: | 55 |
| Related Certifications: | Oracle Financials Cloud General Ledger Certified Implementation Professional Other Oracle Financials Cloud Implementation Essentials Exams |
| Passing Score: | 60% |
| Certificate Validity Period: | 2 years |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Exam Duration: | 85 minutes |
| Exam Price: | USD 245 |
| Sample Questions: |  |
| Exam Way: | Onsite or remote proctored delivery |
| Pre Condition: | No formal prerequisites, but recommended experience with Oracle Financials Cloud |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2020-implementation-essentials/pexam_1Z0-1054-20 |
Oracle 1z0-1054-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Intercompany Processing | - Intercompany Balancing Rules |
| General Ledger Cloud Setup | - Enterprise Structures - Chart of Accounts Configuration |
| Period Close and Budgetary Control | - Budgetary Control and Encumbrance - Period Close Processes |
| Subledger Accounting | - Subledger to Ledger Reconciliation |
| Reporting and Analytics | - Financial Reporting Studio and OTBI |
| Journal Processing | - Journal Entries and Processing Rules - Allocation Rules |
1z0-1054-20 Exam Questions and Answers
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The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials exam contains 55 to complete within 85 minutes. Knowing your pacing beforehand is exactly what the ExamsTorrent Desktop Test Engine's timed simulations are for.
Onsite or remote proctored delivery Register for the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials exam through these official channels:
After booking, ExamsTorrent delivers your practice questions within 1 minute — preparation starts the same day.
Three versions of the same study materials, provided because different customers have various needs: a printable, expert-prepared PDF in Q&A form with free demo download and instant access; a Desktop Test Engine for Windows that simulates the real exam with two practice modes and works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. The 103 practice questions are identical across versions — just choose the one you like. All include 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
The official Oracle Financials Cloud: General Ledger 2020 Implementation Essentials outline defines 6 domains. The leading three are General Ledger Cloud Setup, Intercompany Processing, and Period Close and Budgetary Control. The full list is in the topics section above, and ExamsTorrent's 103 practice questions cover each one.
No formal prerequisites, but recommended experience with Oracle Financials Cloud Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
The 1z0-1054-20 exam is a Oracle certification exam validating the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud General Ledger Certified Implementation Professional, Other Oracle Financials Cloud Implementation Essentials Exams. Candidates in 2026 prepare for it with ExamsTorrent's 103 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials exam requires 60% to pass, and registration costs USD 245. A failed attempt means paying the same fee again — a readiness check with the ExamsTorrent engines before booking is the cheaper option.
Oracle recommends these training resources for the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials exam:
Follow the training with steady self-testing — the 103 practice questions from ExamsTorrent make that routine easy to maintain.
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Sample Questions:
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 🗳️
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?
- A. Translate only the adjusting journal entry
- B. Enter another adjusting journal entry in the target currency to true up the balances
- C. Rerun Translation and then reconsolidate your results
- D. Rerun Revaluation and then rerun Translation
Correct Answer: C 🗳️
You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)
- A. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
- B. Use the Rapid Implementation spreadsheet when creating your enterprise structure
- C. Deploy your chart of accounts
- D. Use HCM's Enterprise Structure Configurator (ESC) first
- E. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
Correct Answer: B,C,D 🗳️
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 🗳️
Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)
- A. You must have implemented Payables Cloud and Receivables Cloud
- B. You must assign the corresponding Receivables and Payables Business Units
- C. You can only associate one Intercompany Organization per Legal Entity
- D. You only need to assign the Legal Entity and Organization Contact
Correct Answer: A,B 🗳️
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