Oracle 1Z0-1054-21 valid study dumps : Oracle Financials Cloud: General Ledger 2021 Implementation Essentials

  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: Sep 16, 2026
  • Q&As: 136 Questions and Answers

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About Oracle Financials Cloud: General Ledger 2021 Implementation Essentials - 1Z0-1054-21 Valid Dumps

Every 1Z0-1054-21 candidate eventually asks the same question: where is the study material that is actually valid? ValidDumps answers it with Oracle Financials Cloud: General Ledger 2021 Implementation Essentials practice questions, each answer edited and re-verified by Oracle experts.

Oracle 1Z0-1054-21 Exam Overview:

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:Free Download real 1Z0-1054-21 valid dumps
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

Oracle 1Z0-1054-21 Exam Syllabus Topics:

SectionObjectives
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

1Z0-1054-21 (Oracle) Exam: Your Questions Answered

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.

Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:

Question #1

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?

  • A. Financial Reports with Embedded charts
  • B. Account Monitor
  • C. Smart View
  • D. Account Inspector and its charts
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

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)

  • A. Use Smart View, which is and Excel Add-on
  • B. use Account Inspector that automatically creates graphs on financials balances
  • C. When viewing the report, download to Excel and use Excel's charting features to create your bar graph
  • D. when designing your financial statement using financial report (FR), embed a chart into your report.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #3

Which repot show you differences between your subledger balances and General Ledger balances?

  • A. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
  • B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
  • C. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
  • D. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

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

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

Correct Answer: B  🗳️

Question #5

Which tool can you use to create a Financial Income Statement?.

  • A. One View Reporting
  • B. Rapid Implementation Enterprise Structures setup
  • C. PS/nVision
  • D. Account Inspector
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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