The exam engine's two practice modes exist because candidates differ: some drill weak topics, others rehearse the full timed experience. Real4Prep built both into the 1Z1-1054 package — 78 practice questions, your way.
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: | 2 years |
| Passing Score: | 65-68% |
| Exam Format: | Multiple Response, Multiple Choice |
| Real Exam Qty: | 60-70 |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Financials Cloud: Payables Implementation Essentials Oracle Financials Cloud: Receivables Implementation Essentials |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or test center exam via Oracle Certification Platform |
| Pre Condition: | Basic knowledge of accounting principles and Oracle Financials Cloud navigation is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z1-1054 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Chart of Accounts | - Segment structure design
|
| Topic 2: Journal Processing | - Journal creation and approval
|
| Topic 3: Subledger Accounting Integration | - Accounting rules configuration
|
| Topic 4: Enterprise Structures and Setup | - Ledger Configuration
|
| Topic 5: Period Close Process | - Close activities
|
| Topic 6: Security and Configuration | - GL security model
|
| Topic 7: Reporting and Analysis | - Financial reporting tools
|
1Z1-1054 Exam FAQ: Honest Answers Only
Three versions of the same study materials, each with its own character: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 78 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
Basic knowledge of accounting principles and Oracle Financials Cloud navigation is recommended. Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
The official Oracle Financials Cloud: General Ledger 2019 Implementation Essentials outline defines 7 domains. The leading three are Enterprise Structures and Setup, Subledger Accounting Integration, and Period Close Process. The full list is in the topics section above, and Real4Prep's 78 practice questions cover each one.
Oracle recommends these training resources for the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam:
Follow the training with steady self-testing — the 78 practice questions from Real4Prep help you apply theory and fill any gaps the training leaves.
The 1Z1-1054 exam is a Oracle certification exam validating the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud: Payables Implementation Essentials, Oracle Financials Cloud: Receivables Implementation Essentials. Candidates in 2026 prepare for it with Real4Prep's 78 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam requires 65-68% to pass, and registration costs $245 USD. A failed attempt means paying the same fee again — a readiness check with the Real4Prep engines before booking is the cheaper option.
Real4Prep issues a full refund if you take the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.
Online proctored or test center exam via Oracle Certification Platform Register for the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam through these official channels:
After booking, Real4Prep delivers your practice questions within 1 minute — preparation starts the same day.
The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam contains 60-70 to complete within 120 minutes. Timed simulation in the Real4Prep Desktop Test Engine teaches that rhythm before exam day does.
Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control budget? (Choose three.)
- A. A control budget can allow override rules only if the control level is absolute
- B. A control budget can be associated with a different calendar than accounting calendar
- C. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
- D. The control budget structure has all the chart of account segments as budget segments
- E. Control budgets are always absolute to generate encumbrance accounting
Correct Answer: A,B,E 🗳️
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?
- A. Financial Reports with Embedded charts
- B. Account Monitor
- C. Account Inspector and its charts
- D. Smart View
Correct Answer: D 🗳️
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. Drill Through in Grid Properties
- B. Allow Expansion
- C. Report Functions
- D. Nothing. All report balances are drillable in all FR Studio reports
Correct Answer: A 🗳️
The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?
- A. Journal Category
- B. Journal Source
- C. Journal Description
- D. Journal Batch
Correct Answer: B 🗳️
Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)
- A. Accounting Date
- B. Supporting References
- C. Chart of Accounts
- D. Journal Line Rules
- E. Account Rules
Correct Answer: B,D,E 🗳️
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