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The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials credential carries weight in the industry because the vendor sets a high bar for passing it. 2Pass4sure helps you clear that bar with 103 carefully prepared 1z0-1054-20 practice questions reviewed by subject-matter experts.

Oracle 1z0-1054-20 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
Exam Number:1Z0-1054-20
Related Certifications:Oracle Financials Cloud
Oracle Fusion Cloud Financials
Exam Duration:85 minutes
Certificate Validity Period:18 months from date of pass
Exam Price:USD 245
Exam Format:Multiple Response, Multiple Choice
Available Languages:English, Japanese
Real Exam Qty:55
Passing Score:60%
Recommended Training:Oracle Financials Cloud: General Ledger 2020 Implementation Training
Exam Registration:Oracle University Registration
Pearson VUE Scheduling
Sample Questions: DOWNLOAD DEMO
Exam Way:Online proctored or onsite at Pearson VUE test centers
Pre Condition:No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud General Ledger
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:

SectionWeightObjectives
Topic 1: Reporting and Analytics10%- Explore OTBI and General Ledger subject areas
- Leverage Smart View and General Accounting Dashboard
- Use Financial Reporting Studio
Topic 2: Period Close and Consolidation15%- Configure and run revaluation and translation
- Execute consolidations and reconciliations
- Perform period close process
Topic 3: Journal Processing20%- Define allocations and periodic entries
- Set up journal approval rules
- Process manual and automated journal entries
- Manage journal descriptions and supporting references
Topic 4: Enterprise and Ledger Configuration25%- Set up accounting calendars and currencies
- Configure Chart of Accounts security
- Define primary, secondary ledgers and reporting currencies
- Configure legal entity structure
- Design and configure Chart of Accounts
Topic 5: Subledger and Intercompany Accounting20%- Configure intercompany setup and balancing rules
- Process intercompany transactions and reconciliations
- Create and manage subledger accounting rules
Topic 6: Budgetary Control and Encumbrance10%- Configure and process encumbrance journals
- Monitor budget consumption
- Set up budgetary control

Common Questions About the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam

The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials (exam code 1z0-1054-20) is the exam you pass to earn the Oracle Financials Cloud: General Ledger 2020 Certified Implementation Specialist certification, a credential at the Specialist level. It is also connected with related credentials such as Oracle Financials Cloud, Oracle Fusion Cloud Financials. If you are mapping out a certification path with Oracle, this exam is a milestone worth planning around.

The 1z0-1054-20 exam includes 55 questions, and you have 85 minutes to complete them. With that many questions on the clock, pacing is part of the challenge: divide your time into rough blocks as you go, and flag the items that stall you so you can circle back at the end instead of burning minutes on a single question. A week or two before your exam date, sit at least one full timed session in the 2Pass4sure test engine under the same time limit, so the pace feels familiar rather than frantic on the day.

You need 60% to pass the 1z0-1054-20 exam, and the official registration fee is USD 245. That fee is due again in full for every retake, which makes thorough preparation the cheaper investment by far. Before you book your seat, test yourself with the 2Pass4sure practice questions until you are scoring comfortably above the passing mark on a consistent basis — it is the simplest way to avoid paying for the same exam twice.

No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud General Ledger

Eligibility rules can be adjusted by Oracle over time, so before you register, confirm the current requirements on the official exam page: view the official 1z0-1054-20 exam information.

You can book the 1z0-1054-20 exam through the official registration channels below:

How the exam is taken: Online proctored or onsite at Pearson VUE test centers.

Oracle lists the following official training options for candidates preparing for this exam:

Once you have worked through the training, measure your readiness with the 103 practice questions from 2Pass4sure — they show you exactly which topics still need attention before you book the exam.

Yes. 2Pass4sure offers a free PDF demo of the 1z0-1054-20 practice questions, so you can judge the quality of the material firsthand before paying anything. Every purchase also includes 365 days of free updates — if Oracle changes the exam during that year, your material changes with it. And when the free update period expires, you can extend it at a 50% discount from within your member zone.

Every 1z0-1054-20 purchase at 2Pass4sure is backed by a 100% Money Back Guarantee: if you take the corresponding exam within 60 days of your purchase and do not pass, you can apply for a full refund. The guarantee has clear conditions — it does not apply if you sit the exam within 3 days of purchase, if you downloaded the material but never actually took the exam, or to free materials and expired orders, and the candidate name must match the payer name. To file a claim, send a scan of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam; claims are processed within 7 days. If you would rather not take a refund, you can exchange the product instead and receive two additional exam preparation products of equal value for free, while your original product keeps its update service. Delivery itself is instant: your material is available for download right after payment and is also sent to your email within one minute — if it has not arrived within 2 hours, contact our customer service. There is no limit on how many computers you can install it on.

The official Oracle Financials Cloud: General Ledger 2020 Implementation Essentials outline divides the exam content into 6 main domains. The first three are:

  • Enterprise and Ledger Configuration — 25%
  • Subledger and Intercompany Accounting — 20%
  • Period Close and Consolidation — 15%

That is only the headline view — scroll back up to the Exam Topics section on this page for the complete domain-by-domain breakdown before you plan your study schedule.

Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Sample Questions:

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/19 was recorded for a purchase order.
The invoice was entered on 5/5/19, but the invoice accounting date was 4/20/19. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/19.
What is causing this?

  • A. The subledger accounting option is set to system date
  • B. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule
  • C. The system date was set up under the encumbrance accounting Default Date Rule
  • D. The actual accounting date was set up under the encumbrance accounting Default Date Rule
  • E. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?

  • A. Run the "Correct Misclassified Account" program
  • B. Run the "Update Balance Cube Chart of the Accounting Dimension" program
  • C. Deactivate the value
  • D. Run the "Segment Value Inheritance" program
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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.)

  • A. Chart of Accounts and Business Units
  • B. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
  • C. Legal Entities, Business Units, and Chart of Accounts
  • D. Accounting Calendar
  • E. Chart of Accounts
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

You need to define multiple allocation rules as efficiency as possible.
Which three components can be reused across allocation rules? (Choose three.)

  • A. Point of View (POV)
  • B. RuleSets
  • C. Run Time Prompts (RTP)
  • D. Formulas
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?

  • A. Drill Through in Grid Properties
  • B. Report Functions
  • C. Nothing. All report balances are drillable in all FR Studio reports
  • D. Allow Expansion
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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