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About Oracle 1z0-1054-24 Exam Braindumps
In 2026, job seeking is a competition of proof, not promises. The Oracle Financials Cloud: General Ledger 2024 Implementation Professional credential is proof employers recognize, and ExamsTorrent makes earning it structured: 87 practice questions for the 1z0-1054-24 exam, expert-verified answers, and a printable PDF for the note-takers.
Oracle 1z0-1054-24 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2024 Implementation Professional |
| Exam Number: | 1Z0-1054-24 |
| Passing Score: | 75% |
| Related Certifications: | Oracle ERP Cloud Financials Certification Track Oracle Financials Cloud Implementation |
| Exam Price: | USD 245 (varies by country/region) |
| Real Exam Qty: | Approximately 55 |
| Certificate Validity Period: | Oracle Certification typically does not expire for this track (unless specified by Oracle policy updates) |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Exam Format: | Multiple Choice, Multiple Response |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or test center (Oracle authorized testing provider) |
| Pre Condition: | Recommended: Oracle Financials Cloud Foundations or equivalent ERP experience |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1z0-1054-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Journal Entry Creation and Approval
|
| Topic 2: Configuring Enterprise and Financial Reporting Structures | - Financial Reporting Configuration
|
| Topic 3: General Ledger Setup and Configuration | - Ledger and Accounting Calendar
|
| Topic 4: Financial Reporting and Analysis | - Smart View Reporting
|
1z0-1054-24 Exam Details Every Candidate Should Check
You need 75% to pass the 1z0-1054-24 exam, and registration costs USD 245 (varies by country/region). Since each attempt carries the fee, candidates who practice thoroughly first — on paper, on screen, under time pressure — put their money behind preparation rather than retakes.
The 1z0-1054-24 exam is the official test for the Oracle Financials Cloud: General Ledger 2024 Implementation Professional certification from Oracle. For graduates and job seekers facing drastic competition, it does something a resume line cannot: it verifies your skills against a recognized standard, so when you enter an interview process, the credential helps you stand out on evidence rather than adjectives.
The official outline divides the 1z0-1054-24 exam into weighted domains, including:
- Financial Reporting and Analysis ()
- General Ledger Setup and Configuration ()
- Journal Processing ()
Print the Oracle Financials Cloud: General Ledger 2024 Implementation Professional PDF from ExamsTorrent and mark these domains' key points directly on paper — annotating the difficult parts is a proven way to make them stick.
Recommended: Oracle Financials Cloud Foundations or equivalent ERP experience
Because it was compiled with readers like you in mind. Download the 1z0-1054-24 exam PDF from ExamsTorrent, print it, and the Oracle Financials Cloud: General Ledger 2024 Implementation Professional content becomes a physical workbook: make notes in the margins, mark the important knowledge points on paper, and carry the pages anywhere — library, dormitory, wherever you study. Reviewing with your own annotations is efficient, and the tactile process keeps you motivated to continue. Many candidates find that once they start, learning this way becomes a genuinely happy process.
The 1z0-1054-24 exam includes Approximately 55 questions to be completed within 90 minutes minutes. Time is money during preparation too — focused practice on exam-aligned questions is the shortest route to feeling ready.
Yes — safety is engineered in, not just claimed. The 1z0-1054-24 exam package from ExamsTorrent is verified virus-free, and the exam engine carries a self-protect function, so installing it on your device never puts your important files at risk. Delivery is automatic by email about a minute after payment; if the message is missing, check your spam folder, and contact support if nothing arrives within 2 hours.
Registration is available through these official channels:
In a competitive job market, a booked exam date is a commitment device — it converts your preparation from intention to schedule.
Yes, the following official training options are available:
Combine them with the printable question bank, and you get both structured instruction and the flexibility of self-study on paper.
Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions:
Which two statements are true regarding the export/import of reports?
- A. A set of reports lists user names, suppliers, and customers that have been exported/imported.
- B. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
- C. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
- D. The export/import reports are available only for Fusion Customer Relationship Management.
- E. Reports on setup data can be used to compare and analyze how the data might have changed over time.
Correct Answer: C,E 🗳️
Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:
Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.
Correct Answer:
See the Explanation for the complete Solution.
Explanation:
Here are the steps you need to follow:
* Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structures.
* Click on the Create icon to create a new Chart of Accounts Structure. Enter the following information:
* Structure Code: 07COA
* Structure Name: 07 Chart of Accounts
* Description: Chart of Accounts for candidate 07
* Number of Segments: 5
* Click on the Next button to define the segments. Enter the following information for each segment:
* Segment Number: 1
* Segment Name: Company
* Value Set Code: 07Corporate Company
* Value Set Name: 07 Corporate Company
* Maximum Size: 3
* Balancing: Yes
* Segment Label: Company
* Segment Number: 2
* Segment Name: Cost Center
* Value Set Code: 07Corporate Cost Center
* Value Set Name: 07 Corporate Cost Center
* Maximum Size: 4
* Balancing: No
* Segment Label: Cost Center
* Segment Number: 3
* Segment Name: Account
* Value Set Code: 07Corporate Account
* Value Set Name: 07 Corporate Account
* Maximum Size: 8
* Balancing: No
* Segment Label: Natural Account
* Segment Number: 4
* Segment Name: Product
* Value Set Code: 07Corporate Product
* Value Set Name: 07 Corporate Product
* Maximum Size: 3
* Balancing: No
* Segment Label: Product
* Segment Number: 5
* Segment Name: Intercompany
* Value Set Code: 07Corporate Company
* Value Set Name: 07 Corporate Company
* Maximum Size: 3
* Balancing: No
* Segment Label: Intercompany
* Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure.
* Navigate to the Setup and Maintenance work area and search for the task Manage Chart of Accounts Structure Instances.
* Click on the Create icon to create a new Chart of Accounts Structure Instance. Enter the following information:
* Structure Code: 07COA
* Structure Name: 07 Chart of Accounts
* Description: Chart of Accounts for candidate 07
* Chart of Accounts Structure: 07COA
* Enabled: Yes
* Allow Dynamic Inserts: Yes
* Click on the Next button to review the summary and click on the Save and Close button to save the Chart of Accounts Structure Instance.
You have successfully created a Chart of Accounts Structure and Instance for the given scenario. For more information, you can refer to the following resources:
* Chart of Accounts Structures and Instances
* Chart of Accounts Components
* Minimum Steps For Financial Enterprise Structures Configuration
* Overview of Creating and Configuring Chart of Accounts Structure and Instances
A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?
- A. Smart Slices
- B. Smart Queries
- C. Query Designer
- D. Account Groups
Correct Answer: C 🗳️
Explanation: Only visible for ExamsTorrent members. You can sign-up / login (it's free).
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can have the System Administrator configuring pages for them using Page Composer
- B. They can use "+" under the Apps section of the News Feed homepage
- C. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
- D. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
Correct Answer: B,C 🗳️
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You are reconciling yourPayablesandReceivablesbalances against theGeneral Ledger. You are using the Payables to Ledger Reconciliation report.
You notice discrepancies between the balances in thesubledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?
- A. All subledger transactions have been entered but do not have complete accounting.
- B. Intercompany transactions have not been fully processed.
- C. Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.
- D. Subledger transactions have been accounted and transferred to General Ledger but have not been posted.
- E. There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
Correct Answer: B,C,D 🗳️
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