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Download Oracle : 1Z0-1054-21 Questions & Answers as PDF & Test Software

Last Updated: Sep 17, 2026

No. of Questions: 136 Questions & Answers with Testing Engine

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Everyone studies differently, so TestSimulate offers 1Z0-1054-21 exam preparation material in three formats: a printable PDF, a desktop test engine for Windows, and an online test engine that runs in any browser. All three carry the same 136 practice questions for Oracle Financials Cloud: General Ledger 2021 Implementation Essentials; you simply pick the one that fits your routine.

Oracle 1Z0-1054-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
Exam Number:1Z0-1054-21
Certificate Validity Period:18 months
Exam Price:USD 245
Real Exam Qty:55
Available Languages:English
Exam Duration:90 minutes
Passing Score:65%
Related Certifications:Oracle Financials Cloud: Payables Implementation
Oracle Financials Cloud: Accounting Hub Implementation
Oracle Financials Cloud: Receivables Implementation
Exam Format:Multiple Choice, Multiple Response
Recommended Training:Oracle Financials Cloud General Ledger Training
Exam Registration:Oracle University
Oracle Certification Registration
Sample Questions:Oracle 1Z0-1054-21 Sample Questions
Exam Way:Online proctored or test center (Pearson VUE)
Pre Condition:Recommended: Experience with Oracle Financials Cloud or completion of Oracle Financials Cloud training courses
Official Syllabus URL:https://education.oracle.com

Oracle 1Z0-1054-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Subledger Accounting- Accounting rules
  • 1. Account derivation rules
    • 2. Journal line rules
      - Event processing
      • 1. Accounting events
        Topic 2: Journal Processing- Journal imports
        • 1. Spreadsheet uploads
          • 2. File-based data import (FBDI)
            - Manual journals
            • 1. Journal creation and approval
              • 2. Recurring journals
                Topic 3: Enterprise Structures and Setup- Chart of Accounts
                • 1. COA structure design
                  • 2. Value sets and segments
                    - Ledger configuration
                    • 1. Secondary ledgers
                      • 2. Primary ledger setup
                        Topic 4: Security and Configuration- Roles and access
                        • 1. Security setup
                          - Implementation setup tasks
                          • 1. Setup Financials Cloud
                            Topic 5: Period Close Process- Financial reporting
                            • 1. Trial balance and reports
                              - Close activities
                              • 1. Adjustments and accruals
                                • 2. Reconciliations

                                  Common Questions About the Oracle 1Z0-1054-21 Exam

                                  The 1Z0-1054-21 exam is the official Oracle exam behind Oracle Financials Cloud: General Ledger 2021 Implementation Essentials — passing it earns you the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials 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 2021 Implementation Essentials. Depending on your track, the exam is also linked to the Oracle Financials Cloud: Payables Implementation, Oracle Financials Cloud: Receivables Implementation and Oracle Financials Cloud: Accounting Hub Implementation certifications, so one pass can move you toward more than one Oracle credential.

                                  The 1Z0-1054-21 exam presents 55 questions to be completed within 90 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 1Z0-1054-21 exam you need 65%, 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.

                                  Recommended: Experience with Oracle Financials Cloud or completion of Oracle Financials Cloud training courses 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.

                                  Registration for the 1Z0-1054-21 exam is handled through the official channels below:

                                  Delivery method: Online proctored or test center (Pearson VUE) — pick the option that suits you best when booking your slot.

                                  Oracle points Oracle Financials Cloud: General Ledger 2021 Implementation Essentials candidates toward the following official courses:

                                  Official courses build the foundation; pairing them with the 1Z0-1054-21 practice questions from TestSimulate turns that knowledge into exam-day readiness.

                                  Yes. A free PDF demo of the 1Z0-1054-21 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 2021 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.

                                  Delivery is instant: your download is available right after payment, and a copy is emailed to you within one minute. If nothing arrives within 2 hours, check your spam folder and contact our support team. There is no limit on the number of computers you can install the software on.

                                  The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials syllabus is organized into 5 domains. Among the headline areas are Journal Processing, Period Close Process, Security and Configuration. 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 1Z0-1054-21 practice questions so nothing on the blueprint catches you off guard.

                                  Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:

                                  Question #1

                                  You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities. What type of report will provide this type of information?

                                  • A. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
                                  • B. Aging Reports
                                  • C. Account Analysis Report
                                  • D. Journal Reports
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #2

                                  In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

                                  • A. The Data Model
                                  • B. The Style Template
                                  • C. Output type
                                  • D. The Data Source
                                  • E. The layout Template
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B  🗳️

                                  Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

                                  Question #3

                                  Your customer is a financial Institution that needs to maintain average daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?

                                  • A. When using ADB, you must define a daily calendar and assign it to your ADB ledger
                                  • B. Average balances are stored in the Essbase cube
                                  • C. ADB provides organizations with the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both actual and average balances
                                  • D. Average balances are maintained for both actual and budget balances
                                  • E. Average balances are stored for both subledger balances and general ledger balances
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C,D  🗳️

                                  Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

                                  Question #4

                                  You entered a journal and the client is asking for the following information: - the current Account balance - What the future account balance will be if the Journal is approved and poste how will you get this information?

                                  • A. Query the account balance online
                                  • B. Run a Trial Balance before and after posting
                                  • C. View the Projected Balances region in the create Journals page.
                                  • D. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger Balances
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #5

                                  Account combinations can be created and/or modified using the Import Account Combinations file- based data import (FBDI).Which represents the appropriate upload steps?

                                  • A. Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.
                                  • B. Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
                                  • C. Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
                                  • D. Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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