Last Updated: Aug 25, 2026
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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2019 Implementation Essentials |
| Exam Number: | 1Z0-1054 |
| Passing Score: | 60% |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud General Ledger Certified Implementation Specialist |
| Real Exam Qty: | 55 |
| Exam Price: | USD 245 |
| Certificate Validity Period: | Oracle Cloud Certification credentials are generally valid for the corresponding product release cycle |
| Exam Duration: | 120 minutes |
| Sample Questions: | Oracle 1Z1-1054 Sample Questions |
| Exam Way: | Pearson VUE test center or Oracle online proctored exam (availability may vary by region). |
| Pre Condition: | Oracle recommends experience with Oracle Financials Cloud General Ledger implementation and completion of relevant Oracle University training; no mandatory prerequisite exam. |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2019-implementation-essentials/pexam_1Z0-1054-19 |
| Section | Objectives |
|---|---|
| Topic 1: Period Close | - Period-End Processing - Close Monitor - Manage Accounting Periods |
| Topic 2: Configure Enterprise and Financial Reporting Structures | - Manage Account Hierarchies - Manage Legal Jurisdictions, Legal Authorities and Legal Entities - Manage Geographies - Manage Chart of Accounts - Manage Accounting Calendars |
| Topic 3: Budgetary Control and Encumbrance | - Budgetary Control Configuration - Funds Check and Reservations - Encumbrance Accounting - Budget Management |
| Topic 4: Journal Processing | - Journal Approval and Posting - Spreadsheet Integration - Create and Manage Journals - Recurring and Allocation Journals |
| Topic 5: Intercompany Processing | - Intercompany Configuration - Intercompany Transactions and Reconciliation - Intercompany Balancing Rules |
| Topic 6: Reporting and Dashboards | - Financial Reporting Studio - Infolets and Dashboards - OTBI Reporting - Smart View |
| Topic 7: Configure Ledgers | - Configure Primary, Secondary and Reporting Ledgers - Manage Data Access Sets - Define Ledgers and Ledger Sets - Configure Journal and Ledger Options |
| Topic 8: Subledger Accounting | - Accounting Event Processing - Create Accounting Process - Accounting Methods and Rules |
The 1Z1-1054 exam, officially titled Oracle Financials Cloud: General Ledger 2019 Implementation Essentials, is the qualifying exam for the Oracle Financials Cloud certification, which sits at the Professional level. Earning it shows employers that you have the skills the credential stands for, and it is a solid step forward on a Oracle career path. It also connects to Oracle Financials Cloud General Ledger Certified Implementation Specialist, so the effort you put in now keeps paying off as you advance.
The 1Z1-1054 exam gives you 55 questions to complete within 120 minutes. Do the math before exam day: divide the total time by the question count to set a steady per-question pace, and flag any item that stalls you so you can return to it after securing the easier points. The most reliable way to build that rhythm is a full timed practice test under the same limit, which is exactly what TestSimulate's test engines are designed for.
The passing score for Oracle Financials Cloud: General Ledger 2019 Implementation Essentials is 60%, and the official registration fee is USD 245. Keep in mind that a retake means paying that fee again in full, which makes an honest self-check worthwhile: before you book, sit a timed practice test and make sure you are consistently scoring above the passing line with some margin to spare.
According to the official requirements: Oracle recommends experience with Oracle Financials Cloud General Ledger implementation and completion of relevant Oracle University training; no mandatory prerequisite exam.. Eligibility rules do change from time to time, so confirm the current details on the official exam page before you register.
Yes — TestSimulate offers a free PDF demo of the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials material, so you can review the question style and answer quality before you spend anything. After purchase, you also receive 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
If you take the corresponding exam within 60 days of your purchase and do not pass, you are covered by the 100% Money Back Guarantee under clear conditions. To claim a full refund, submit a scan of your exam enrollment slip and your official Score Report PDF within two days of the exam; requests are processed within seven days. Note that sitting the exam within three days of purchase is not eligible, purchases that were never followed by an exam sitting do not qualify, free materials and expired orders are excluded, and the candidate name must match the payer name. Prefer an exchange instead? You can swap your product for two free exam packages of equal value and keep your update service. Delivery is immediate: your 1Z1-1054 material is ready for instant download and is also emailed to you within one minute of payment — contact customer service if nothing arrives within two hours. There is no limit on the number of computers you can install it on.
The current Oracle Financials Cloud: General Ledger 2019 Implementation Essentials syllabus is organized into 8 exam domains. The first three are:
For the full domain and subtopic breakdown, see the Exam Topics section above — that is the outline your TestSimulate practice questions are mapped to.
Question 1
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?
A. Report Functions
B. Drill Through in Grid Properties
C. Allow Expansion
D. Nothing. All report balances are drillable in all FR Studio reports
Question 2
Which tool can you use to create a Financial Income Statement?
A. PS/nVision
B. Account Inspector
C. One View Reporting
D. Rapid Implementation Enterprise Structures setup
Question 3
Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?
A. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
B. Import Budget Amounts from Spreadsheet
(XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)
C. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
D. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)
Question 4
You want to enter budget data in General Ledger Cloud. Which method is not supported?
A. Entering budget journals
B. File-based Data Import
C. Application Development Framework Desktop Integration (ADFdi)
D. Direct budget balance updates from a Financial Statement in Smart View
Question 5
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)
A. 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
B. The Segment Value Security rules do not take effect until you assign the rules to users and products
C. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts
D. You can use hierarchies to define rules
Solutions:
| Question 1 Answer: B | Question 2 Answer: B | Question 3 Answer: C | Question 4 Answer: A | Question 5 Answer: A,D |
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