PDF Version DemoThree versions, one decision: the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials package from ActualPDF comes as a budget-friendly printable PDF, a Windows software engine that flags your mistakes for re-practice, and an online version for any operating system. All carry the same 103 1z0-1054-20 questions.
Oracle 1z0-1054-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2020 Implementation Essentials |
| Exam Number: | 1Z0-1054-20 |
| Available Languages: | English, Japanese |
| Exam Price: | USD 245 |
| Certificate Validity Period: | 18 months from date of pass |
| Exam Format: | Multiple Choice, Multiple Response |
| Related Certifications: | Oracle Fusion Cloud Financials Oracle Financials Cloud |
| Passing Score: | 60% |
| Real Exam Qty: | 55 |
| Exam Duration: | 85 minutes |
| Recommended Training: | Oracle Financials Cloud: General Ledger 2020 Implementation Training |
| Exam Registration: | Pearson VUE Scheduling Oracle University Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud General Ledger |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2020-implementation-essentials/pexam_1Z0-1054-20 |
Oracle 1z0-1054-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Subledger and Intercompany Accounting | 20% | - Process intercompany transactions and reconciliations - Create and manage subledger accounting rules - Configure intercompany setup and balancing rules |
| Enterprise and Ledger Configuration | 25% | - Configure legal entity structure - Configure Chart of Accounts security - Design and configure Chart of Accounts - Define primary, secondary ledgers and reporting currencies - Set up accounting calendars and currencies |
| Period Close and Consolidation | 15% | - Perform period close process - Configure and run revaluation and translation - Execute consolidations and reconciliations |
| Budgetary Control and Encumbrance | 10% | - Set up budgetary control - Monitor budget consumption - Configure and process encumbrance journals |
| Journal Processing | 20% | - Define allocations and periodic entries - Manage journal descriptions and supporting references - Process manual and automated journal entries - Set up journal approval rules |
| Reporting and Analytics | 10% | - Leverage Smart View and General Accounting Dashboard - Explore OTBI and General Ledger subject areas - Use Financial Reporting Studio |
1z0-1054-20 Exam FAQ: Before You Book Your Seat
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials is an official Oracle exam, listed under exam code 1z0-1054-20. A passing result earns you the Oracle Financials Cloud: General Ledger 2020 Certified Implementation Specialist certification at the Specialist level. It also ties into Oracle Financials Cloud, Oracle Fusion Cloud Financials, extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect 55 questions inside 85 minutes on the Oracle Financials Cloud: General Ledger 2020 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 2020 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 mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud General Ledger
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Registration for Oracle Financials Cloud: General Ledger 2020 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 2020 Implementation Essentials candidates.
Follow any course with the 103 practice questions in the ActualPDF 1z0-1054-20 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 2020 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 2020 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.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, which works 7/24 and normally replies within two hours. Installation is unlimited across your computers.
The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials syllabus spans 6 domains, led by Reporting and Analytics (10%), Journal Processing (20%), and Period Close and Consolidation (15%). The complete topic list is published above; candidates who study the map first rarely get lost later.
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Sample Questions:
Question 1
After loading your budget data into General Ledger Cloud, you can view budget balances using these features.
Which feature does not belong on the list?
A. Account Inspector
B. Account Monitor
C. Application Development Framework Desktop Integration Budget Balances Report
D. Smart View
Question 2
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?
A. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
B. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
C. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
D. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
E. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
Question 3
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?
A. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
B. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
C. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
D. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table
Question 4
Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)
A. Export the table to Excel
B. Use the Freeze feauture on the tables to scroll through large amounts of data
C. Detach the table to resize it to the maximum size of the monitor.
D. Run a Business Intelligence Publisher report with Excel as the output format
Question 5
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
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: B,C | Question 5 Answer: A,B |
