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The day Oracle changes the Oracle Financials Cloud: General Ledger 2019 Implementation Essentials, two things happen at Actual4Labs: our experts update the 1Z1-1054 questions, and the new version lands in your mailbox free. That's the deal for 365 days after purchase in 2026 — and renewal after that is half price.
| Section | Objectives |
|---|---|
| Subledger Accounting | - Accounting Methods and Rules - Create Accounting Process - Accounting Event Processing |
| Budgetary Control and Encumbrance | - Budgetary Control Configuration - Funds Check and Reservations - Budget Management - Encumbrance Accounting |
| Reporting and Dashboards | - OTBI Reporting - Financial Reporting Studio - Smart View - Infolets and Dashboards |
| Journal Processing | - Create and Manage Journals - Spreadsheet Integration - Journal Approval and Posting - Recurring and Allocation Journals |
| Configure Ledgers | - Configure Journal and Ledger Options - Define Ledgers and Ledger Sets - Configure Primary, Secondary and Reporting Ledgers - Manage Data Access Sets |
| Configure Enterprise and Financial Reporting Structures | - Manage Accounting Calendars - Manage Geographies - Manage Account Hierarchies - Manage Chart of Accounts - Manage Legal Jurisdictions, Legal Authorities and Legal Entities |
| Period Close | - Period-End Processing - Manage Accounting Periods - Close Monitor |
| Intercompany Processing | - Intercompany Transactions and Reconciliation - Intercompany Configuration - Intercompany Balancing Rules |
The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials blueprint has 8 domains, led by Budgetary Control and Encumbrance, Reporting and Dashboards, Period Close. Think of the weightings as the vendor's hint about where points concentrate — plan your hours accordingly. The complete outline above lists every subtopic.
Passing the 1Z1-1054 exam earns you the Oracle Financials Cloud certification at the Professional level — Oracle's official verification of your skills. It's considered important because it's genuinely difficult, which is exactly why it carries weight with employers. Related credentials include Oracle Financials Cloud General Ledger Certified Implementation Specialist.
55 questions in 120 minutes. That combination rewards candidates who've trained their pace, not just their memory — so before the real thing, run full timed sessions in the Actual4Labs engine, practice flagging hard questions instead of fighting them, and learn what your sustainable per-question rhythm feels like.
Delivery is instant: successful payment triggers an automatic email with your product, arriving in about a minute — install on unlimited computers, and if 2 hours pass with nothing, our 24/7/365 customer service will fix it fast. The guarantee: take the corresponding 1Z1-1054 exam within 60 days of purchase, and if you fail, submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam for a 100% refund processed within 7 days. Exclusions: exams within 3 days of purchase, name mismatches between candidate and payer, and free or expired products. Prefer a swap? Take two equal-value exam products free, updates intact.
Oracle recommends experience with Oracle Financials Cloud General Ledger implementation and completion of relevant Oracle University training; no mandatory prerequisite exam. Before paying any registration fee, verify the current criteria on the official exam page — official 1Z1-1054 exam page — since vendors do revise their rules.
The official fee is USD 245, with 60% required to pass. Both numbers matter more together: the fee is per attempt, so every retake costs the full amount again. Drilling the 78 practice questions from Actual4Labs until you're comfortably past the mark is the fiscally sound approach.
Yes — the free demo gives you several real questions and answers from the set, so you can see whether it interests you and helps you before spending anything. Once you buy, updates are free for 365 days — new versions are mailed to you automatically — and an expired update period renews at 50% off.
Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI).
Which represents the appropriate upload steps?
Correct Answer: A 🗳️
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)
Correct Answer: B,C 🗳️
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?
Correct Answer: B 🗳️
You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)
Correct Answer: B,C 🗳️
Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)
Correct Answer: A,B,E 🗳️
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