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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Intercompany Processing | 10% | - Intercompany balancing rules - Intercompany transactions and reconciliation - Intercompany Chart of Accounts design - Intercompany accounting setup |
| Topic 2: Journal Processing | 15% | - Automated journal processing configuration - Average Daily Balance processing - Allocations and periodic entries - Journal approval setup - Journal entry creation and processing |
| Topic 3: Enterprise Structures | 20% | - Accounting hierarchies setup - Accounting calendar definition - Chart of Accounts configuration - Chart of Accounts security - Legal entity structure configuration |
| Topic 4: Period Close and Consolidation | 10% | - Revaluation configuration and execution - Period close process management - Close Monitor usage - Consolidation execution - Translation setup and processing |
| Topic 5: Budgetary Control and Encumbrance | 10% | - Encumbrance accounting setup - Budget consumption monitoring - Budget configuration and processing - Encumbrance journal processing |
| Topic 6: Subledger Accounting | 15% | - Subledger accounting entries processing - Journal description rules - Accounting rules creation and management - Supporting references identification |
| Topic 7: Ledgers and Financial Reporting Structures | 20% | - Fusion Accounting Hub Reporting Service - General Ledger balances cube - Reporting currencies configuration - Primary and secondary ledgers setup |
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.
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)
Correct Answer: A,C 🗳️
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?
Correct Answer: D 🗳️
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?
Correct Answer: D 🗳️
What is the most efficient way to add a new year to the accounting calendar?
Correct Answer: B 🗳️
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.)
Correct Answer: B,C,E 🗳️
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