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 07, 2026
  • Q & A: 78 Questions and Answers

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About Oracle 1Z1-1054 Exam Braindumps

Lifelong learning is no longer a slogan; it is a career strategy. Exam4PDF furthers that strategy for Oracle Financials Cloud: General Ledger 2019 Implementation Essentials candidates with 78 verified 1Z1-1054 practice questions, refined by professional expert teams.

Oracle 1Z1-1054 Exam Syllabus Topics:

SectionObjectives
Security and Configuration- GL security model
  • 1. Roles and privileges
    • 2. Data access sets
      Enterprise Structures and Setup- Ledger Configuration
      • 1. Primary ledger setup
        • 2. Accounting calendar configuration
          • 3. Chart of accounts structure
            Chart of Accounts- Segment structure design
            • 1. Account combinations
              • 2. Value sets and validation rules
                Subledger Accounting Integration- Accounting rules configuration
                • 1. Account derivation rules
                  • 2. Journal lines rules
                    Period Close Process- Close activities
                    • 1. Financial reporting preparation
                      • 2. Reconciliations
                        Journal Processing- Journal creation and approval
                        • 1. Manual journals
                          • 2. Journal import processes
                            • 3. Recurring journals
                              Reporting and Analysis- Financial reporting tools
                              • 1. Smart View reporting
                                • 2. Financial Reporting Studio (FRS)

                                  1Z1-1054 Exam FAQ: Save Time, Read This

                                  Oracle Financials Cloud: General Ledger 2019 Implementation Essentials is an official Oracle certification exam, listed under the code 1Z1-1054. Passing it earns the Oracle Financials Cloud Implementation Professional certification at the Professional level. It also ties into Oracle Financials Cloud: Payables Implementation Essentials, Oracle Financials Cloud: Receivables Implementation Essentials. In an era of lifelong learning, this credential is one of the most efficient ways to prove your skills keep pace.

                                  Oracle Financials Cloud: General Ledger 2019 Implementation Essentials gives you 60-70 questions across 120 minutes. The efficient approach: one to two hours of daily timed practice in the Exam4PDF engine builds both the knowledge and the pacing, so exam day feels like simply another well-run session.

                                  Passing Oracle Financials Cloud: General Ledger 2019 Implementation Essentials takes 65-68%, and the official registration fee is $245 USD. Retakes cost the full $245 USD again, so treat your Exam4PDF practice scores as the decision-maker: book when the passing line sits below your everyday results, not your best ones.

                                  The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials syllabus is organized into 7 domains, led by Period Close Process, Subledger Accounting Integration, and Journal Processing. The complete breakdown is above on this page; it is the fastest way to learn where your limited preparation hours belong.

                                  Basic knowledge of accounting principles and Oracle Financials Cloud navigation is recommended.

                                  Vendor policies are revised periodically, so verify the current requirements before registering via the official exam page.

                                  Registration for Oracle Financials Cloud: General Ledger 2019 Implementation Essentials goes through the official channels below.

                                  For planning: the exam is delivered Online proctored or test center exam via Oracle Certification Platform.

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

                                  Follow any training with daily practice on the 78 questions in the Exam4PDF 1Z1-1054 package; sorted by authorized expert groups, they turn course theory into exam-ready skill.

                                  Yes on both counts. Download the free demo of the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials questions first, and browse the comments written by former customers for a second opinion. After purchase, new versions are sent to you as soon as they release, free for 365 days; after expiry, extending the update service costs 50% of the regular price.

                                  Worry-free means a 100% money-back guarantee with stated 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. Alternatively, exchange for two other exam products of equal value, free, keeping the update service on your original purchase.

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                                  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

                                  You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

                                  • A. You must assign the job role and data security context to each user
                                  • B. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
                                  • C. A Data Access Set with full read/write access to the ledger is automatically created
                                  • D. You must re-deploy the chart of accounts
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,C  🗳️

                                  Question #3

                                  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. Enter another adjusting journal entry in the target currency to true up the balances
                                  • B. Rerun Translation and then reconsolidate your results
                                  • C. Rerun Revaluation and then rerun Translation
                                  • D. Translate only the adjusting journal entry
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Question #4

                                  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 #5

                                  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 Supporting References with balances
                                  • B. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
                                  • C. Assign a Subledger Accounting Method to the secondary ledger
                                  • D. Define Journal Conversion Rules that exclude subledgers
                                  • E. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,C  🗳️

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