Last Updated: Aug 25, 2026
No. of Questions: 78 Questions & Answers with Testing Engine
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If your test date is circled on the calendar and study hours are scarce, the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials practice questions from TestSimulate give you a focused route through the material. Every one of the 78 questions in the 1Z1-1054 package targets what the exam actually measures, so each minute of prep counts.
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2019 Implementation Essentials |
| Exam Number: | 1Z0-1054 |
| Related Certifications: | Oracle Financials Cloud General Ledger Certified Implementation Specialist |
| Certificate Validity Period: | Oracle Cloud Certification credentials are generally valid for the corresponding product release cycle |
| Exam Price: | USD 245 |
| Real Exam Qty: | 55 |
| Passing Score: | 60% |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| 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 |
|---|---|
| Period Close | - Close Monitor - Period-End Processing - Manage Accounting Periods |
| Configure Enterprise and Financial Reporting Structures | - Manage Geographies - Manage Account Hierarchies - Manage Legal Jurisdictions, Legal Authorities and Legal Entities - Manage Accounting Calendars - Manage Chart of Accounts |
| Reporting and Dashboards | - Smart View - Financial Reporting Studio - Infolets and Dashboards - OTBI Reporting |
| Journal Processing | - Create and Manage Journals - Recurring and Allocation Journals - Journal Approval and Posting - Spreadsheet Integration |
| Intercompany Processing | - Intercompany Transactions and Reconciliation - Intercompany Configuration - Intercompany Balancing Rules |
| Configure Ledgers | - Configure Primary, Secondary and Reporting Ledgers - Define Ledgers and Ledger Sets - Manage Data Access Sets - Configure Journal and Ledger Options |
| Subledger Accounting | - Accounting Methods and Rules - Create Accounting Process - Accounting Event Processing |
| Budgetary Control and Encumbrance | - Budgetary Control Configuration - Encumbrance Accounting - Budget Management - Funds Check and Reservations |
The 1Z1-1054 exam is the official Oracle exam behind Oracle Financials Cloud: General Ledger 2019 Implementation Essentials — passing it earns you the Oracle Financials Cloud certification, a credential positioned at the Professional level. It is built for candidates who want to validate the skills measured by Oracle Financials Cloud: General Ledger 2019 Implementation Essentials. Depending on your track, the exam is also linked to the Oracle Financials Cloud General Ledger Certified Implementation Specialist certification, so one pass can move you toward more than one Oracle credential.
The 1Z1-1054 exam presents 55 questions to be completed within 120 minutes. That pace leaves little room for second-guessing: read each question carefully on the first pass, flag the ones you want to revisit, and keep moving instead of stalling on a single item. Before exam day, run at least one full timed session in the TestSimulate desktop or online test engine with a comparable question load — a steady rhythm under the clock is a trainable skill, and it is often what separates a pass from a near miss.
To pass the 1Z1-1054 exam you need 60%, and the official registration fee is USD 245. Keep in mind that a failed attempt means paying that fee again in full — retakes are not discounted. Given the cost, self-test before you book: if you can score comfortably above the passing mark on two or three consecutive timed TestSimulate practice tests, your budget is far better spent on the exam itself than on a retake.
Oracle recommends experience with Oracle Financials Cloud General Ledger implementation and completion of relevant Oracle University training; no mandatory prerequisite exam. Because Oracle revises its certification programs from time to time, treat this as a starting point rather than the final word. Confirm the current eligibility requirements on the official Oracle exam page before you register.
Yes. A free PDF demo of the 1Z1-1054 practice questions is available, so you can check the question style and answer quality before spending anything. Every purchase also includes 365 days of free updates — whenever Oracle adjusts the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials blueprint, your material is refreshed at no cost during that period. After the first year, you can extend the update service at a 50% discount from your member zone.
TestSimulate backs your purchase with a 100% Money Back Guarantee. If you take the corresponding exam within 60 days of purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip together with the official Score Report PDF within 2 days of your exam date; approved claims are processed within 7 days. The guarantee applies only to the exam matching your purchase, the candidate name must match the payer name, and it does not cover attempts taken within 3 days of purchase, candidates who downloaded the material but never sat the exam, expired orders, or free materials. If you would rather keep preparing, you can exchange the product for two free exam preparation packages of equal value and keep the update service on your original purchase.
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The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials syllabus is organized into 8 domains. Among the headline areas are Budgetary Control and Encumbrance, Configure Enterprise and Financial Reporting Structures, Journal Processing. Rather than copying every subtopic here, we keep the complete, current outline in the Exam Topics section above — work through it domain by domain with the TestSimulate 1Z1-1054 practice questions so nothing on the blueprint catches you off guard.
Question 1
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?
A. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
B. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
C. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table
D. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
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 re-deploy the chart of accounts
C. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
D. A Data Access Set with full read/write access to the ledger is automatically created
Question 3
When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?
A. Make sure the tree version was published successfully
B. Make sure the tree is active
C. Make sure to flatten the rows of the tree version
D. Redeploy the chart of accounts
Question 4
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)
A. Must have separate user defined roles using the privilege
XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
B. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.
C. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
D. Journal entry spreadsheets are not impacted by this new function.
Question 5
Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?
A. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading
B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define
C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment
D. There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner
Solutions:
| Question 1 Answer: C | Question 2 Answer: A,D | Question 3 Answer: A | Question 4 Answer: B,C | Question 5 Answer: A |
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