Exam Name: Oracle Financials Cloud: General Ledger 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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First rule of buying dumps: check the exam code. You're looking at the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials set at TestKingFree — 78 practice questions, confirmed by code and name.
Oracle 1Z1-1054 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Period Close Process | - Close activities
|
| Reporting and Analysis | - Financial reporting tools
|
| Journal Processing | - Journal creation and approval
|
| Enterprise Structures and Setup | - Ledger Configuration
|
| Security and Configuration | - GL security model
|
| Chart of Accounts | - Segment structure design
|
| Subledger Accounting Integration | - Accounting rules configuration
|
The Oracle 1Z1-1054 Exam: What to Know
Yes:
Build your knowledge base with official training, then go over the 78 practice questions for the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials — that combination is the actual plan.
Basic knowledge of accounting principles and Oracle Financials Cloud navigation is recommended. Rules on eligibility change occasionally, so confirm the current requirements on the official page (official 1Z1-1054 exam page) before you pay the fee.
120 minutes for 60-70 questions. Adapt to the clock now: the TestKingFree SOFT and APP versions let you control test time and track scores, so the real 1Z1-1054 exam feels like a rehearsal you've already done.
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Yes — three different free Oracle Financials Cloud: General Ledger 2019 Implementation Essentials demos are available to download. Do the demo test first to inspect the value, then decide. Purchases include 365 days of free updates, renewable at 50% off.
The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials blueprint covers 7 domains — including Subledger Accounting Integration, Reporting and Analysis, Period Close Process. Weightings point you to the heavy hitters; schedule your review accordingly. The complete outline above lists every subtopic.
Registration goes through the vendor's official channels:
The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials is delivered Online proctored or test center exam via Oracle Certification Platform — select whichever suits you when booking.
$245 USD per attempt, with 65-68% as the passing score. Since a failed attempt bills again, rehearse with the 78 practice questions from TestKingFree until your tracked scores clear the mark consistently.
The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials is Oracle's official exam for the Oracle Financials Cloud Implementation Professional credential (Professional level). Before anything else, verify the exam code and name match what you need — then build a plan around the official objectives. Related credentials include Oracle Financials Cloud: Payables Implementation Essentials, Oracle Financials Cloud: Receivables Implementation Essentials.
Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
- A. Only specify segment values in formulas
- B. Specify Run Time Prompts (RTP)
- C. Never use the Outer Point of View (POV)
- D. Always use the Outer Point of View (POV)
Correct Answer: B 🗳️
You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?
- A. The budget will increase by USD 100 and the funds available will decrease by USD 100
- B. The budget and funds available will increase by USD 100
- C. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD
100 - D. Funds available will change when the invoice is approved
Correct Answer: C 🗳️
Which tool can you use to create a Financial Income Statement?
- A. PS/nVision
- B. Account Inspector
- C. One View Reporting
- D. Rapid Implementation Enterprise Structures setup
Correct Answer: B 🗳️
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Each product has its own Intercompany Accounting feature that needs to be set up separately
- B. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
- C. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
- D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
Correct Answer: C,D 🗳️
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. Assign a Subledger Accounting Method to the secondary ledger
- C. Define Journal Conversion Rules that exclude subledgers
- D. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
- E. Define Supporting References with balances
Correct Answer: A,B 🗳️
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