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Some candidates read on a tablet; others prefer drilling in a simulator. 2Pass4sure's Oracle Financials Cloud: General Ledger 2020 Implementation Essentials package comes as a printable PDF, a Windows desktop test engine, and a browser-based online engine, so the 103 practice questions for the 1z0-1054-20 exam fit the way you actually study.
Oracle 1z0-1054-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2020 Implementation Essentials |
| Exam Number: | 1Z0-1054-20 |
| Passing Score: | 60% |
| Available Languages: | English |
| Exam Duration: | 85 minutes |
| Exam Format: | Multiple Choice |
| Certificate Validity Period: | 2 years |
| Related Certifications: | Other Oracle Financials Cloud Implementation Essentials Exams Oracle Financials Cloud General Ledger Certified Implementation Professional |
| Exam Price: | USD 245 |
| Real Exam Qty: | 55 |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Onsite or remote proctored delivery |
| Pre Condition: | No formal prerequisites, but recommended experience with Oracle Financials Cloud |
| 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 | Objectives |
|---|---|
| Intercompany Processing | - Intercompany Balancing Rules |
| General Ledger Cloud Setup | - Enterprise Structures - Chart of Accounts Configuration |
| Journal Processing | - Allocation Rules - Journal Entries and Processing Rules |
| Period Close and Budgetary Control | - Period Close Processes - Budgetary Control and Encumbrance |
| Subledger Accounting | - Subledger to Ledger Reconciliation |
| Reporting and Analytics | - Financial Reporting Studio and OTBI |
Oracle 1z0-1054-20 Exam FAQ — What Candidates Ask Most
The 1z0-1054-20 exam is the official Oracle exam for Oracle Financials Cloud: General Ledger 2020 Implementation Essentials. Passing it earns you the Oracle Financials Cloud credential, which sits at the Certified Implementation Specialist level. It is also connected to Oracle Financials Cloud General Ledger Certified Implementation Professional, Other Oracle Financials Cloud Implementation Essentials Exams, so what you learn carries over if you plan to pursue those paths as well. Employers treat the certification as verified proof of skill, which is why structured preparation with 2Pass4sure's practice questions pays off.
The 1z0-1054-20 exam contains 55 questions, and the time limit is 85 minutes. Translate that into a pacing plan before exam day: know roughly how long you can afford per item, flag anything that stalls you, and circle back at the end instead of burning minutes. Two or three full timed sessions in 2Pass4sure's test engine will teach you that rhythm far better than untimed reading ever will.
The passing score for the 1z0-1054-20 exam is 60%, and the official registration fee is USD 245. Remember that a failed attempt means paying that fee again in full for a retake, so treat self-assessment as part of the budget: run 2Pass4sure's practice questions under timed conditions and only book your seat once your scores sit comfortably above the passing bar.
No formal prerequisites, but recommended experience with Oracle Financials Cloud Eligibility details can change, so before you register, confirm the current requirements on the official exam page: https://education.oracle.com/oracle-financials-cloud-general-ledger-2020-implementation-essentials/pexam_1Z0-1054-20.
Yes. 2Pass4sure offers a free PDF demo of the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials practice questions on the samples page, so you can judge the format and quality yourself before paying anything. Every purchase also includes 365 days of free updates, and after the product expires you can extend the update service at a 50% discount from within your member zone.
If you take the corresponding exam within 60 days of purchase and do not pass, 2Pass4sure backs you with a 100% money-back guarantee. To claim it, submit a scanned copy of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam, and the refund is processed within 7 days. The guarantee does not apply to attempts made within the first 3 days after purchase, to products downloaded without actually sitting the exam, or to free materials and expired orders, and the candidate name must match the payer's name. If you would rather have study material than money, you can instead exchange for two additional exam products of equal value, free of charge, while keeping the update service on your original purchase. Delivery itself is instant: your download is available right after payment and a copy reaches your mailbox within one minute — if nothing arrives within 2 hours, contact customer service. You may install the product on as many computers as you need.
The official Oracle Financials Cloud: General Ledger 2020 Implementation Essentials blueprint is organized into 6 domains. The leading areas are:
- Subledger Accounting
- Reporting and Analytics
- Period Close and Budgetary Control
For the complete domain-by-domain breakdown with every subtopic, see the Exam Topics outline above.
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Sample Questions:
Question 1
The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?
A. Budget Controller
B. Application Development Framework Desktop Integration (ADFdi)
C. Account Group
D. Budget Group
E. Budget Account Group
Question 2
The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?
A. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
B. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
C. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
D. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
Question 3
You entered the following information in the Companies and Legal Entities tab of the Rapid Implementation Spreadsheet:
Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create?
A. 3
B. 6
C. 5
D. 4
Question 4
You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit and Loss Accounts (4000-ZZZZ).
-
The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00
Which two statements are true regarding cross-validation rules? (Choose two.)
A. The rules will validate and apply to new and existing accounts
B. You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules
C. You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules
D. There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instance
E. The rules validate and apply to new accounts only
D18912E1457D5D1DDCBD40AB3BF70D5D
Question 5
Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)
A. General Accountant Manager
B. Financial Analyst
C. Business Intelligence Administrator (BI Admin)
D. Controller
E. General Accountant
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: A,B | Question 5 Answer: A,B,C |
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