Oracle 1Z1-1054 exam : Oracle Financials Cloud: General Ledger 2019 Implementation Essentials

1Z1-1054 Exam Simulator
  • Exam Code: 1Z1-1054
  • Exam Name: Oracle Financials Cloud: General Ledger 2019 Implementation Essentials
  • Updated: Nov 10, 2026
  • Q & A: 78 Questions and Answers

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Oracle 1Z1-1054 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Intercompany Processing10%- Intercompany balancing rules
- Intercompany transactions and reconciliation
- Intercompany Chart of Accounts design
- Intercompany accounting setup
Topic 2: Journal Processing15%- Automated journal processing configuration
- Average Daily Balance processing
- Allocations and periodic entries
- Journal approval setup
- Journal entry creation and processing
Topic 3: Enterprise Structures20%- Accounting hierarchies setup
- Accounting calendar definition
- Chart of Accounts configuration
- Chart of Accounts security
- Legal entity structure configuration
Topic 4: Period Close and Consolidation10%- Revaluation configuration and execution
- Period close process management
- Close Monitor usage
- Consolidation execution
- Translation setup and processing
Topic 5: Budgetary Control and Encumbrance10%- Encumbrance accounting setup
- Budget consumption monitoring
- Budget configuration and processing
- Encumbrance journal processing
Topic 6: Subledger Accounting15%- Subledger accounting entries processing
- Journal description rules
- Accounting rules creation and management
- Supporting references identification
Topic 7: Ledgers and Financial Reporting Structures20%- Fusion Accounting Hub Reporting Service
- General Ledger balances cube
- Reporting currencies configuration
- Primary and secondary ledgers setup

Oracle 1Z1-1054 Exam: What Candidates Want to Know

Oracle Financials Cloud: General Ledger 2019 Implementation Essentials is an official Oracle certification exam, registered under the code 1Z1-1054. Passing it awards the Oracle Financials Cloud: General Ledger 2019 Certified Implementation Specialist certification, a credential at the Specialist level. It also connects to Oracle Financials Cloud: General Ledger Certified Implementation Specialist. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.

The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam presents 70 questions within 120 minutes. That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the Exam4PDF engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.

Passing Oracle Financials Cloud: General Ledger 2019 Implementation Essentials takes 60%, and official registration costs USD 245. Retakes bill the full USD 245 again, so preparation is the least expensive insurance available. Let your Exam4PDF practice scores guide the timing: book when you clear the requirement consistently, not occasionally.

No mandatory prerequisites; 6+ months hands-on experience with Oracle Financials Cloud recommended

Policies get revised, so confirm the current requirements before you register on the official exam page.

Oracle Financials Cloud: General Ledger 2019 Implementation Essentials registration is handled through the official channels below.

For scheduling purposes: the exam is delivered Online proctored or Onsite at Pearson VUE test centers.

Yes, Oracle recommends the following training for Oracle Financials Cloud: General Ledger 2019 Implementation Essentials candidates.

Complement any training with the 78 practice questions in the Exam4PDF 1Z1-1054 package, because repeated application is what turns course knowledge into a passing score.

Yes. Exam4PDF offers a free demo of the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.

Your money is protected by a 100% money-back guarantee with defined conditions. Take the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.

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Oracle Financials Cloud: General Ledger 2019 Implementation Essentials is organized into 7 official domains. The most heavily weighted are Intercompany Processing (10%), Enterprise Structures (20%), and Subledger Accounting (15%). The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.

Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:

Question #1

You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

  • A. You can use hierarchies to define rules
  • B. The Segment Value Security rules do not take effect until you assign the rules to users and products
  • C. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
  • D. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Question #2

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. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
  • B. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
  • C. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
  • D. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #3

You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business.
As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

  • A. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
  • B. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
  • C. Run Revaluation to translate into Statistical Currency
  • D. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

What is the most efficient way to add a new year to the accounting calendar?

  • A. The application automatically populates the next year when you open the first period of a new fiscal year
  • B. Use the Add Year button
  • C. Add the periods manually
  • D. Import the periods from a spreadsheet
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

Your customer wants to use a clearing company to automatically balance intercompany entries.
Which three statements are true regarding the use of a clearing company value? (Choose three.)

  • A. You must map legal entities to balancing segment values in order to use a clearing company
  • B. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
  • C. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
  • D. Clearing companies are not supported
  • E. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal
Reveal Solution  Discussion  0

Correct Answer: B,C,E  🗳️

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