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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2021 Implementation Essentials |
| Exam Number: | 1Z0-1054-21 |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Financials Cloud General Ledger 2021 Certified Implementation Specialist |
| Available Languages: | English |
| Real Exam Qty: | 55 |
| Passing Score: | 60% |
| Exam Price: | USD $245 |
| Exam Format: | Multiple Choice |
| Sample Questions: | ![]() |
| Exam Way: | Pearson VUE testing center or Oracle online proctored exam |
| Pre Condition: | No formal prerequisite exam required. Oracle recommends implementation experience and completion of Oracle Financials Cloud General Ledger training. |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2021-certified-implementation-specialist/trackp_ERPGL2021 |
| Section | Objectives |
|---|---|
| Configuring Enterprise and Financial Reporting Structures | - Manage Geographies - Manage Ledgers - Manage Accounting Calendars - Manage Chart of Accounts - Manage Legal Jurisdictions - Manage Legal Authorities and Legal Entities - Manage Account Hierarchies |
| Configuring Ledgers | - Define Ledger Options - Configure Secondary Ledgers - Manage Ledger Sets - Configure Reporting Currencies |
| Financial Reporting | - Financial Reporting Studio - Account Groups and Reports - Financial Statement Generation - Smart View Reporting |
| Intercompany Processing | - Intercompany Reconciliation - Process Intercompany Transactions - Configure Intercompany Balancing Rules |
| Period Close | - Manage Accounting Periods - Perform Period Close Activities - Close Monitoring and Reporting |
| Budgetary Control and Encumbrance Accounting | - Funds Check Processing - Control Budgets - Encumbrance Accounting - Configure Budgetary Control |
| Journal Processing | - Journal Import and Posting - Allocation Rules - Create and Manage Journals - Recurring Journals - Configure Journal Approval |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials is an official Oracle exam, catalogued under the code 1Z0-1054-21. A pass awards you the Oracle Financials Cloud certification at the Professional level. It also supports progress toward Oracle Financials Cloud General Ledger 2021 Certified Implementation Specialist. Demand for this credential has stayed strong because it validates skills employers can use from day one.
The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials exam packs 55 questions into 90 minutes. Candidates rarely fail because of one impossible topic; they fail because ten minutes vanished on three stubborn questions. Build a triage habit now: answer, flag, move on, return later. Timed full-length sessions in the ValidDumps test engine are the most honest way to practice that discipline before it counts.
You pass Oracle Financials Cloud: General Ledger 2021 Implementation Essentials at 60%, and the official registration fee stands at USD $245. One detail worth internalizing: there is no retake discount, so a second sitting costs another full USD $245. Use the ValidDumps practice tests as your gauge and book only when your results clear the requirement with a repeatable margin, not a one-off peak.
No formal prerequisite exam required. Oracle recommends implementation experience and completion of Oracle Financials Cloud General Ledger training.
Vendor policies shift over time, so confirm the current entry conditions before paying any registration fee; the official exam page is the authoritative source.
Yes. A free demo of the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials material is available on this page, so you can verify the quality of the questions and the expert-edited answers yourself. Once you purchase, updates are free for 365 days and the newest version is emailed to you automatically as it releases; after expiry, extending the update service costs 50% of the regular price.
A 100% money-back guarantee covers your purchase under defined conditions. If you take the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials exam within 60 days of buying and fail, you can claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders, and the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, you may exchange rather than refund: two other exam products of equal value, free, with the update service on your original purchase kept intact.
Delivery is instant: files unlock for download upon successful payment and are automatically emailed to you within one minute. If nothing arrives within 2 hours, check spam and contact us by email or online service. Installation is unlimited across your computers.
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials spans 7 official domains. The most heavily weighted include Financial Reporting, Period Close, and Intercompany Processing. The full topic list is published above on this page; let the weightings decide where your next study hour goes.
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?
Correct Answer: B 🗳️
You are creating financial Statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results. How would you achieve this? (Choose Two)
Correct Answer: D 🗳️
Which repot show you differences between your subledger balances and General Ledger balances?
Correct Answer: C 🗳️
You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason
Correct Answer: B 🗳️
Which tool can you use to create a Financial Income Statement?.
Correct Answer: A 🗳️
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