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

1Z1-1054 real exams

Exam Code: 1Z1-1054

Exam Name: Oracle Financials Cloud: General Ledger 2019 Implementation Essentials

Updated: Oct 12, 2026

Q & A: 78 Questions and Answers

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Preparing for the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam in 2026 feels different when your materials were designed from the customer's perspective rather than copied from a textbook. At PassTorrent, the 78 practice questions in the 1Z1-1054 bank come in PDF, Desktop Test Engine, and Online Test Engine formats, each with a free demo and 365 days of free updates.

Oracle 1Z1-1054 Exam Syllabus Topics:

SectionObjectives
Topic 1: Reporting and Dashboards- Smart View
- Infolets and Dashboards
- Financial Reporting Studio
- OTBI Reporting
Topic 2: Budgetary Control and Encumbrance- Encumbrance Accounting
- Funds Check and Reservations
- Budget Management
- Budgetary Control Configuration
Topic 3: Period Close- Period-End Processing
- Close Monitor
- Manage Accounting Periods
Topic 4: Subledger Accounting- Accounting Methods and Rules
- Create Accounting Process
- Accounting Event Processing
Topic 5: Configure Enterprise and Financial Reporting Structures- Manage Chart of Accounts
- Manage Geographies
- Manage Account Hierarchies
- Manage Accounting Calendars
- Manage Legal Jurisdictions, Legal Authorities and Legal Entities
Topic 6: Intercompany Processing- Intercompany Configuration
- Intercompany Transactions and Reconciliation
- Intercompany Balancing Rules
Topic 7: Journal Processing- Spreadsheet Integration
- Journal Approval and Posting
- Create and Manage Journals
- Recurring and Allocation Journals
Topic 8: Configure Ledgers- Configure Primary, Secondary and Reporting Ledgers
- Manage Data Access Sets
- Define Ledgers and Ledger Sets
- Configure Journal and Ledger Options

1Z1-1054 Exam FAQ: What Candidates Ask Before They Buy

The official Oracle Financials Cloud: General Ledger 2019 Implementation Essentials outline divides the exam into 8 major domains. The three that carry the most weight are Subledger Accounting, Configure Ledgers, and Period Close. You can see the full breakdown in the topics section above, and the 78 practice questions at PassTorrent cover every listed domain.

The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam presents 55 and allows 120 minutes. That pacing works out to a bit more than a minute per question, so timed practice matters — the PassTorrent Desktop and Online Test Engines both let you rehearse under exam-style time limits before the real thing.

Oracle recommends the following training and study resources for the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam:

    Official courses are a solid foundation, and many candidates pair them with the 78 practice questions from PassTorrent to test whether the material actually sticks under exam-style conditions.

    The 1Z1-1054 exam is a Oracle certification exam that validates the knowledge outlined in the official Oracle Financials Cloud: General Ledger 2019 Implementation Essentials syllabus shown above. It is associated with the following credential paths: Oracle Financials Cloud General Ledger Certified Implementation Specialist. Employers in 2026 continue to treat Oracle credentials as reliable proof of skill, which is why the exam attracts candidates at many career stages. PassTorrent supports your preparation with 78 practice questions in PDF, Desktop Test Engine, and Online Test Engine formats.

    Oracle recommends experience with Oracle Financials Cloud General Ledger implementation and completion of relevant Oracle University training; no mandatory prerequisite exam. For the most current eligibility details, always confirm on the official Oracle exam page before you schedule.

    PassTorrent backs your purchase with a written refund commitment: if you take the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam within 60 days of purchase and do not pass, you can claim a full refund. 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. To claim, 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. Prefer to keep studying instead? You can exchange for two free exam products of equal value while keeping your original product's update service. Orders are delivered by email within 1 minute — if nothing arrives within 2 hours, contact support and the team will sort it out.

    The passing score for the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam is 60%, and the registration fee is USD 245. Since a retake means paying the fee again, it makes financial sense to walk in prepared — a self-test with the PassTorrent practice engines shows you roughly where you stand before you spend that money.

    Every purchase includes the full set of 78 practice questions for the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam in all three formats — a printable PDF prepared by experts, a Desktop Test Engine for Windows with two practice modes that simulates the real exam environment offline, and an Online Test Engine that runs in any browser on Windows, Mac, Android, and iOS with test history and performance review. You can install the products on unlimited computers, try a free demo first, and receive free updates for 365 days. When your update year ends, renewal comes at 50% off.

    Pearson VUE test center or Oracle online proctored exam (availability may vary by region). Registration for the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials exam is handled through these official channels:

      Book early — popular testing windows fill quickly, and your PassTorrent practice questions will be waiting in your inbox within 1 minute of purchase.

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

      Question #1

      You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?

      • A. Use Close Monitor in General Accounting Dashboard
      • B. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
      • C. Run Closing Status reports
      • D. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
      Reveal Solution  Discussion  0

      Correct Answer: C  🗳️

      Question #2

      On which three occasions are Essbase balances updated? (Choose three.)

      • A. every time journals are posted to the general ledger
      • B. every time you open a new period
      • C. at report run-time
      • D. every time the tree version is published
      • E. every time you run the batch program called "Update Essbase Balances"
      Reveal Solution  Discussion  0

      Correct Answer: A,C,D  🗳️

      Question #3

      What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

      • A. Posting performance is much faster
      • B. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
      • C. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
      • D. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
      • E. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
      Reveal Solution  Discussion  0

      Correct Answer: B,E  🗳️

      Question #4

      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. Account Inspector and its charts
      • B. Account Monitor
      • C. Smart View
      • D. Financial Reports with Embedded charts
      Reveal Solution  Discussion  0

      Correct Answer: C  🗳️

      Question #5

      In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

      • A. Oracle Transactions Business Intelligence
      • B. Application Composer
      • C. Financial Reporting Studio
      • D. Smart View
      • E. Oracle Enterprise Repository
      Reveal Solution  Discussion  0

      Correct Answer: A,C,D  🗳️

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