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Reading study notes is one thing; sitting a timed exam is another. 2Pass4sure's desktop and online test engines recreate the pressure of the 1z0-1054-22 testing environment, so the Oracle Financials Cloud: General Ledger 2022 Implementation Professional exam feels familiar long before exam day arrives.

Oracle 1z0-1054-22 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2022 Implementation Professional
Exam Number:1Z0-1054-22
Real Exam Qty:55
Related Certifications:Oracle Financials Cloud: Payables 2022 Implementation Professional (1Z0-1055-22)
Oracle Financials Cloud: Receivables 2022 Implementation Professional (1Z0-1056-22)
Exam Format:Multiple choice
Passing Score:60%
Available Languages:English
Certificate Validity Period:Lifecycle version for 2022 – check Oracle CertView for latest validity
Exam Duration:90 minutes
Exam Price:USD (varies by location – typical Oracle exam fee)
Sample Questions: DOWNLOAD DEMO
Exam Way:Online or test center delivery via Oracle exam partners
Pre Condition:None (no formal prerequisites, though recommended experience with Oracle Financials Cloud)
Official Syllabus URL:https://education.oracle.com/oracle-financials-cloud-general-ledger-2022-implementation-professional/pexam_1Z0-1054-22

Oracle 1z0-1054-22 Exam Syllabus Topics:

SectionObjectives
General Ledger Cloud Implementation- Security and Access Control
  • 1. Manage General Ledger security and segment value security
  • 2. Data access sets and user roles
- Journal Processing and Transactions
  • 1. Create and process journal entries
  • 2. Intercompany transactions and balancing
- Budgets and Financial Controls
  • 1. Budget account monitoring and analysis
  • 2. Budgetary control and encumbrance accounting
- Financial Reporting and Analysis
  • 1. Financial Reporting Center tools
  • 2. Smart View and OTBI reporting inquiries
- Configure Enterprise Structures
  • 1. Define ledgers and legal entities
  • 2. Configure chart of accounts and accounting calendars
- Period Close and Allocations
  • 1. Manage period close processes
  • 2. Allocations and periodic entries

Oracle 1z0-1054-22 Exam FAQ — What Candidates Ask Most

The 1z0-1054-22 exam is the official Oracle exam for Oracle Financials Cloud: General Ledger 2022 Implementation Professional. Passing it earns you the Oracle Financials Cloud credential, which sits at the Professional level. It is also connected to Oracle Financials Cloud: Payables 2022 Implementation Professional (1Z0-1055-22), Oracle Financials Cloud: Receivables 2022 Implementation Professional (1Z0-1056-22), 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 1z0-1054-22 exam contains 55 questions, and the time limit is 90 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 1z0-1054-22 exam is 60%, and the official registration fee is USD (varies by location – typical Oracle exam fee). 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.

None (no formal prerequisites, though 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-2022-implementation-professional/pexam_1Z0-1054-22.

Yes. 2Pass4sure offers a free PDF demo of the Oracle Financials Cloud: General Ledger 2022 Implementation Professional 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 2022 Implementation Professional blueprint is organized into 1 domains. The leading areas are:

  • General Ledger Cloud Implementation

For the complete domain-by-domain breakdown with every subtopic, see the Exam Topics outline above.

Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions:

You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

  • A. Calendar Year
  • B. Year
  • C. Period
  • D. Fiscal Year
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

Your customer wants to use a clearing company to automatically balance intercompany entries.
Which three statements are true regarding the use of a clearing company value? (Choose three.)

  • A. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
  • B. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
  • C. Clearing companies are not supported
  • D. You must map legal entities to balancing segment values in order to use a clearing company
  • E. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal
Reveal Solution  Discussion  0

Correct Answer: C,D,E  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

  • A. Two tree versions were not defined
  • B. Chart of accounts was not deployed
  • C. An Audit process needs to be successfully performed before a tree version can be set to Active
  • D. Accounting Configuration was not submitted
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

  • A. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
  • B. Run Revaluation to translate into Statistical Currency
  • C. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
  • D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

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, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
  • B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
  • 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. 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
  • E. 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.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

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