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Oracle 1Z1-1054 Actual Tests : Oracle Financials Cloud: General Ledger 2019 Implementation Essentials

About Best Oracle 1Z1-1054 Exam Practice Material

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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
Available Languages:English
Exam Price:USD 245
Related Certifications:Oracle Financials Cloud: General Ledger Certified Implementation Specialist
Exam Format:Multiple Select, Multiple Choice
Real Exam Qty:70
Passing Score:60%
Exam Duration:120 minutes
Recommended Training:Oracle Financials Cloud: General Ledger 2019 Implementation Training
Exam Registration:Oracle University Registration
Pearson VUE Scheduling
Sample Questions:Oracle 1Z1-1054 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:

SectionWeightObjectives
Period Close and Consolidation10%- Translation setup and processing
- Close Monitor usage
- Period close process management
- Consolidation execution
- Revaluation configuration and execution
Journal Processing15%- Journal entry creation and processing
- Average Daily Balance processing
- Journal approval setup
- Allocations and periodic entries
- Automated journal processing configuration
Budgetary Control and Encumbrance10%- Encumbrance accounting setup
- Budget consumption monitoring
- Budget configuration and processing
- Encumbrance journal processing
Ledgers and Financial Reporting Structures20%- Reporting currencies configuration
- General Ledger balances cube
- Primary and secondary ledgers setup
- Fusion Accounting Hub Reporting Service
Intercompany Processing10%- Intercompany transactions and reconciliation
- Intercompany balancing rules
- Intercompany Chart of Accounts design
- Intercompany accounting setup
Enterprise Structures20%- Accounting hierarchies setup
- Legal entity structure configuration
- Chart of Accounts configuration
- Accounting calendar definition
- Chart of Accounts security
Subledger Accounting15%- Subledger accounting entries processing
- Accounting rules creation and management
- Journal description rules
- Supporting references identification

Oracle Financials Cloud: General Ledger 2019 Implementation Essentials: Your Questions, Answered

The 1Z1-1054 exam (Oracle Financials Cloud: General Ledger 2019 Implementation Essentials) is the official Oracle exam that leads to the Oracle Financials Cloud: General Ledger 2019 Certified Implementation Specialist certification, a credential at the Specialist level. Related certifications include Oracle Financials Cloud: General Ledger Certified Implementation Specialist. Actual4test provides 78 practice questions to help you prepare for it with confidence.

The 1Z1-1054 exam contains 70 questions and gives you 120 minutes to finish them. Before exam day, divide the total time by the question count so you know the pace you need to keep, and flag difficult items instead of getting stuck on them. Running at least one full timed session in the Actual4test test engine is the best way to make that time pressure feel familiar.

You need 60% to pass, and the official registration fee is USD 245. Keep in mind that a failed attempt means paying that fee in full again, so it pays to test yourself first. When your scores on the Actual4test timed practice tests stay consistently above the passing line, you are ready to book the exam.

No mandatory prerequisites; 6+ months hands-on experience with Oracle Financials Cloud recommended Requirements can change over time, so always double-check the latest eligibility rules before you register on the official Oracle exam page.

You can book your exam through the official registration channels:

The exam is delivered in the following way: Online proctored or Onsite at Pearson VUE test centers.

Oracle recommends the following training options for this exam:

Official courses build the foundation, and the 78 1Z1-1054 practice questions from Actual4test help you turn that knowledge into exam-day performance.

Yes. Actual4test offers a free 1Z1-1054 PDF demo so you can check the quality of the practice questions before purchasing. After you buy, your product comes with 365 days of free updates, and if it expires you can renew the update service at a 50% discount from your member zone.

Your purchase is protected by our 100% Money Back Guarantee. If you take the corresponding 1Z1-1054 exam within 60 days of purchase and do not pass, send us a scan of your enrollment slip and the official Score Report PDF within two days of the exam, and the full refund will be processed within seven days. The candidate name must match the payer name; exams taken within three days of purchase, free materials, and expired orders are not eligible. If you would rather not refund, you can exchange your product for two free products of equal value and keep the update service on your original purchase. Delivery itself is instant: your material is available for download and is emailed to you within one minute of payment. If nothing arrives within two hours, contact our support team. There is no limit on how many computers you may install it on.

The 1Z1-1054 syllabus is organized into 7 exam domains. Among the first three are Budgetary Control and Encumbrance (10%), Enterprise Structures (20%), Intercompany Processing (10%). For the complete breakdown of topics and subtopics, see the Exam Topics section above.

Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:

Question 1

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?

A. Enter another adjusting journal entry in the target currency to true up the balances
B. Rerun Translation and then reconsolidate your results
C. Rerun Revaluation and then rerun Translation
D. Translate only the adjusting journal entry


Question 2

You want to enter budget data in General Ledger Cloud. Which method is not supported?

A. Direct budget balance updates from a Financial Statement in Smart View
B. Entering budget journals
C. Application Development Framework Desktop Integration (ADFdi)
D. File-based Data Import


Question 3

Your customer wants to use a clearing company to automatically balance intercompany entries.
Which three statements are true regarding the use of a clearing company value? (Choose three.)

A. You must map legal entities to balancing segment values in order to use a clearing company
B. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
C. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
D. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal
E. Clearing companies are not supported


Question 4

Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

A. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
B. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
C. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
D. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance
E. In Financials Cloud, you must manually reconcile your intercompany account balances


Question 5

You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)

A. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
B. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
C. Define Journal Conversion Rules that exclude subledgers
D. Define Supporting References with balances
E. Assign a Subledger Accounting Method to the secondary ledger


Solutions:

Question 1
Answer: B
Question 2
Answer: B
Question 3
Answer: B,C,D
Question 4
Answer: D
Question 5
Answer: A,E

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