Oracle 1Z0-1054-21 : Oracle Financials Cloud: General Ledger 2021 Implementation Essentials

  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: Sep 15, 2026
  • Q & A: 136 Questions and Answers

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About Oracle 1Z0-1054-21 Exam Questions

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Oracle 1Z0-1054-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
Exam Number:1Z0-1054-21
Certificate Validity Period:18 months
Exam Format:Multiple Choice, Multiple Response
Exam Duration:90 minutes
Related Certifications:Oracle Financials Cloud: Accounting Hub Implementation
Oracle Financials Cloud: Payables Implementation
Oracle Financials Cloud: Receivables Implementation
Passing Score:65%
Real Exam Qty:55
Exam Price:USD 245
Available Languages:English
Recommended Training:Oracle Financials Cloud General Ledger Training
Exam Registration:Oracle University
Oracle Certification Registration
Sample Questions:Free Download still valid 1Z0-1054-21 vce
Exam Way:Online proctored or test center (Pearson VUE)
Pre Condition:Recommended: Experience with Oracle Financials Cloud or completion of Oracle Financials Cloud training courses
Official Syllabus URL:https://education.oracle.com

Oracle 1Z0-1054-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Period Close Process- Financial reporting
  • 1. Trial balance and reports
    - Close activities
    • 1. Reconciliations
      • 2. Adjustments and accruals
        Topic 2: Enterprise Structures and Setup- Ledger configuration
        • 1. Secondary ledgers
          • 2. Primary ledger setup
            - Chart of Accounts
            • 1. COA structure design
              • 2. Value sets and segments
                Topic 3: Security and Configuration- Roles and access
                • 1. Security setup
                  - Implementation setup tasks
                  • 1. Setup Financials Cloud
                    Topic 4: Subledger Accounting- Accounting rules
                    • 1. Journal line rules
                      • 2. Account derivation rules
                        - Event processing
                        • 1. Accounting events
                          Topic 5: Journal Processing- Manual journals
                          • 1. Journal creation and approval
                            • 2. Recurring journals
                              - Journal imports
                              • 1. Spreadsheet uploads
                                • 2. File-based data import (FBDI)

                                  Oracle 1Z0-1054-21 Exam: Common Questions

                                  The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials blueprint spans 5 domains — including Journal Processing, Enterprise Structures and Setup, Period Close Process. Weightings show where the exam concentrates; the full outline above covers every subtopic.

                                  Through the vendor's official registration channels:

                                  The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials is delivered Online proctored or test center (Pearson VUE) — choose the arrangement that suits you when booking.

                                  USD 245 per attempt, 65% to pass. Every retake bills the full fee, so make practice thorough first — the 136 practice questions for the 1Z0-1054-21 exam at ValidVCE are the affordable rehearsal.

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                                  Yes:

                                  Training covers theory; interactive practice covers readiness. After any course, rehearse with the 136 practice questions for the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials — every answer expert-verified.

                                  The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials is Oracle's certification exam for Oracle Financials Cloud: General Ledger 2021 Implementation Essentials, at the Professional level. It demonstrates verified, job-relevant capability to employers. Related credentials include Oracle Financials Cloud: Payables Implementation, Oracle Financials Cloud: Receivables Implementation, Oracle Financials Cloud: Accounting Hub Implementation.

                                  90 minutes for 55 questions. Rehearse the format interactively: the ValidVCE online engine recreates the test atmosphere, so pacing is trained before it counts.

                                  Yes — a free Oracle Financials Cloud: General Ledger 2021 Implementation Essentials demo is available to download on our exam page. Evaluate the material yourself; purchases include 365 days of free updates, emailed immediately upon release, renewable at 50% off afterward.

                                  Recommended: Experience with Oracle Financials Cloud or completion of Oracle Financials Cloud training courses Eligibility rules change from time to time, so confirm the current requirements on the official page (official 1Z0-1054-21 exam page) before booking.

                                  Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:

                                  Question #1

                                  During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted.
                                  Select the process that allows you to change the qualifier back to cost center qualifier.

                                  • A. Create a new chart of accounts.
                                  • B. Delete the segment and create a new segment with the correct qualifier.
                                  • C. Delete the chart of accounts and create a new one.
                                  • D. Change and save the segment qualifier.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #2

                                  After Loading your ledger data into General Ledger cloud, you can view budget balances using those features. Which feature does not belong on list?

                                  • A. Smart View
                                  • B. Account Monitor
                                  • C. Application Development framework Desktop Integration Budget Balances Report
                                  • D. Account Inspector
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #3

                                  You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

                                  • A. Open a Smart View file saved on your desktop
                                  • B. Perform an account analysis online
                                  • C. Create an Account Group using Account Monitor
                                  • D. Use Account Inspector
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #4

                                  Which two types of journals can be automatically routed through the journal approval process

                                  • A. Allocation journals
                                  • B. Journals imported from third-party systems
                                  • C. Manual journals
                                  • D. Revaluation journals
                                  • E. Sub ledger journals
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,C  🗳️

                                  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. Aging Reports
                                  • B. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
                                  • C. Account Analysis Report
                                  • D. Journal Reports
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

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