PDF Version DemoSecond-attempt candidates are the most honest judges of study material, and they keep choosing ActualPDF. The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials package offers 136 verified 1Z0-1054-21 practice questions for people who want the next attempt to be the last.
Oracle 1Z0-1054-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2021 Implementation Essentials |
| Exam Number: | 1Z0-1054-21 |
| Available Languages: | Japanese, English |
| Exam Format: | Multiple Choice, Multiple Select |
| Real Exam Qty: | 55 |
| Certificate Validity Period: | Version-specific, subject to Oracle Cloud Recertification Policy |
| Exam Duration: | 90 minutes |
| Passing Score: | 60% |
| Exam Price: | USD 245 |
| Recommended Training: | Oracle Financials Cloud: General Ledger Implementation Training |
| Exam Registration: | Oracle University Certification Pearson VUE Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; Oracle recommends hands-on implementation experience and completion of relevant training courses |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2021-certified-implementation-specialist/trackp_FINCLDGL21OPN |
Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Enterprise and Financial Reporting Structures | 20% | - Manage segment value security - Configure chart of accounts - Define financial reporting structures - Define enterprise structures |
| Ledgers and Accounting Setup | 25% | - Define ledgers and ledger sets - Define data access sets - Set up subledger accounting - Configure currencies, calendars, and accounting conventions |
| Journal Processing | 20% | - Manage allocations and recurring journals - Create and approve journal entries - Perform journal adjustments and reversals - Import and post journals |
| Period Close and Financial Reporting | 15% | - Use Financial Reporting Studio and Smart View - Perform revaluation, translation, and consolidation - Manage accounting periods - Generate financial statements and reports |
| Intercompany and Intracompany Balancing | 10% | - Set up intracompany balancing rules - Process and reconcile intercompany entries - Configure intercompany transactions |
| Budgetary Control and Encumbrance Accounting | 10% | - Monitor budget balances and control - Set up encumbrance accounting - Configure budgetary control |
1Z0-1054-21 Exam FAQ: Before You Book Your Seat
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials is an official Oracle exam, listed under exam code 1Z0-1054-21. A passing result earns you the Oracle Financials Cloud: General Ledger 2021 Certified Implementation Specialist certification at the Specialist level. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect 55 questions inside 90 minutes on the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials exam. That pace punishes hesitation, so rehearse it: the ActualPDF software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Passing Oracle Financials Cloud: General Ledger 2021 Implementation Essentials requires 60%, and the official registration fee is USD 245. Retakes charge the full USD 245 again, which is why experienced candidates treat preparation as the cheaper exam fee. Verify your readiness with repeated ActualPDF practice scores above the requirement before you commit to a date.
No formal prerequisites; Oracle recommends hands-on implementation experience and completion of relevant training courses
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Registration for Oracle Financials Cloud: General Ledger 2021 Implementation Essentials goes through the official channels listed here.
When you schedule, note that the exam is delivered Online proctored or onsite at Pearson VUE test centers.
Oracle recommends the following training for Oracle Financials Cloud: General Ledger 2021 Implementation Essentials candidates.
Follow any course with the 136 practice questions in the ActualPDF 1Z0-1054-21 package; the software engine will even remind you which mistakes need another round.
Yes. ActualPDF provides a free download demo of the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials material, so you can check the content before choosing a version. After purchase, a one-year warranty covers you: the latest version is sent to you as it releases, free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
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The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials syllabus spans 6 domains, led by Enterprise and Financial Reporting Structures (20%), Ledgers and Accounting Setup (25%), and Intercompany and Intracompany Balancing (10%). The complete topic list is published above; candidates who study the map first rarely get lost later.
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Question 1
Which repot show you differences between your subledger balances and General Ledger balances?
A. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
B. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
C. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
D. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
Question 2
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.
Which two statements are correct? (Choose two.)
A. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
B. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
C. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
D. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
E. Define budgetary control at ledger level and only encumbrance control at the business units
F. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
Question 3
Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligences analysis? .
A. Universal Content Management Workspace
B. Enterprise performance Management Workspace
C. Business Process Management Workspace
D. Reports and Analytics
E. Scheduled Processes
Question 4
You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for
$300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?
A. The purchase order is Liquidated and the invoice is Partially Reserved
B. The purchase order is Open and the invoice is Validated
C. The purchase order is Partially Liquidated and the invoice will be Reserved
D. Both are reserved
E. The purchase order is Partially Liquidated and the invoice is Partially Reserved
Question 5
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. Account Analysis Report
B. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
C. Aging Reports
D. Journal Reports
Solutions:
| Question 1 Answer: D | Question 2 Answer: D,E | Question 3 Answer: B,D | Question 4 Answer: C | Question 5 Answer: A |
