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Oracle 1Z1-1054 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2019 Implementation Essentials |
| Exam Number: | 1Z0-1054 |
| Certificate Validity Period: | Version-specific / Non-expiring for 2019 edition |
| Related Certifications: | Oracle Financials Cloud: General Ledger Certified Implementation Specialist |
| Real Exam Qty: | 70 |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Select |
| Exam Price: | USD 245 |
| Passing Score: | 60% |
| Exam Duration: | 120 minutes |
| Recommended Training: | Oracle Financials Cloud: General Ledger 2019 Implementation Training |
| Exam Registration: | Pearson VUE Scheduling Oracle University Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or Onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; 6+ months hands-on experience with Oracle Financials Cloud recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2019-implementation-essentials/pexam_1Z0-1054 |
Oracle 1Z1-1054 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Budgetary Control and Encumbrance | 10% | - Budget consumption monitoring - Encumbrance accounting setup - Budget configuration and processing - Encumbrance journal processing |
| Topic 2: Journal Processing | 15% | - Allocations and periodic entries - Average Daily Balance processing - Journal approval setup - Journal entry creation and processing - Automated journal processing configuration |
| Topic 3: Subledger Accounting | 15% | - Accounting rules creation and management - Supporting references identification - Subledger accounting entries processing - Journal description rules |
| Topic 4: Ledgers and Financial Reporting Structures | 20% | - General Ledger balances cube - Primary and secondary ledgers setup - Reporting currencies configuration - Fusion Accounting Hub Reporting Service |
| Topic 5: Intercompany Processing | 10% | - Intercompany transactions and reconciliation - Intercompany Chart of Accounts design - Intercompany balancing rules - Intercompany accounting setup |
| Topic 6: Period Close and Consolidation | 10% | - Translation setup and processing - Consolidation execution - Revaluation configuration and execution - Period close process management - Close Monitor usage |
| Topic 7: Enterprise Structures | 20% | - Chart of Accounts security - Chart of Accounts configuration - Accounting hierarchies setup - Accounting calendar definition - Legal entity structure configuration |
Common Questions About the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Exam
Registration for the 1Z1-1054 exam goes through the official channels listed here:
Book a date once your practice results hold steady — a fixed exam day turns casual study into committed preparation.
The official outline groups the 1Z1-1054 exam content into weighted domains, including:
- Journal Processing (15%)
- Ledgers and Financial Reporting Structures (20%)
- Period Close and Consolidation (10%)
The three versions of the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials materials at RealValidExam all follow this objective structure, so whichever format you study in, you are working on what the exam actually covers.
The 1Z1-1054 exam contains 70 questions to be completed in 120 minutes minutes. Simulating that exact pressure in advance is straightforward: the PC test engine version of the RealValidExam materials recreates the real exam environment, so timed practice feels like the genuine article.
Yes. Privacy is a stated commitment, not a footnote: your address, email, and other personal details are never revealed to any other person or institution while you purchase or use the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials materials. Payment is processed by Credit Card through a secure channel, adding a second layer of protection to the transaction. And if anything ever feels unclear, our service staff is reachable by email anytime and replies promptly.
No mandatory prerequisites; 6+ months hands-on experience with Oracle Financials Cloud recommended
The 1Z1-1054 exam is the official test behind the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials certification from Oracle. It verifies that you can apply the published exam objectives in practical scenarios, and the credential signals to employers that your skills have been measured against an industry-recognized standard — useful whether you are an office worker aiming at promotion or a student building a foundation.
Three versions, designed for different study habits. The PDF version is easy to read and print, ideal for annotating on paper. The SOFT version is a PC test engine that simulates the real 1Z1-1054 exam environment, helping you adapt to exam mode before the day arrives. The APP version is an online test engine that supports any electronic equipment — phone, tablet, or computer — so you can review on the subway or anywhere else. All three contain the same 78 practice questions for the 1Z1-1054 exam with expert-verified answers.
You need 60% to pass, and the exam fee is USD 245. Treating the fee as a one-time investment is a good mindset: steady timed practice until your scores sit comfortably above the passing line is far cheaper than a retake.
Yes, the following official training options are listed for 1Z1-1054 exam candidates:
Official courses build the knowledge base; the three practice versions from RealValidExam build the exam-day fluency. Most candidates benefit from both.
Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:
Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?
- A. $400 USD will be expired and not available for use
- B. Invoice type will have less funds available by $400 USD
- C. Only obligation type will have $400 USD funds available
- D. $400 USD will be added back to available funds
- E. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of
$400 USD
Correct Answer: D 🗳️
Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?
- A. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
- B. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
- C. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
- D. Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
Correct Answer: B 🗳️
On which three occasions are Essbase balances updated? (Choose three.)
- A. at report run-time
- B. every time the tree version is published
- C. every time you open a new period
- D. every time you run the batch program called "Update Essbase Balances"
- E. every time journals are posted to the general ledger
Correct Answer: A,B,E 🗳️
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)
- A. Account Inspector
- B. Account Monitor
- C. Online Transactional Business Intelligence
- D. Sunburst reports
- E. Smart View
Correct Answer: A,B,E 🗳️
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. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
- C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
- D. Run Revaluation to translate into Statistical Currency
Correct Answer: B 🗳️
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