PDF Version DemoA Oracle credential carries real weight with employers, and the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials exam is the step that earns it. Getcertkey makes that step shorter with 136 expert-prepared practice questions for the 1Z0-1054-21 exam.
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 Format: | Multiple Choice, Multiple Select |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 245 |
| Certificate Validity Period: | Version-specific, subject to Oracle Cloud Recertification Policy |
| Available Languages: | English, Japanese |
| Real Exam Qty: | 55 |
| Passing Score: | 60% |
| Recommended Training: | Oracle Financials Cloud: General Ledger Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle University Certification |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; Oracle recommends hands-on implementation experience and completion of relevant training courses |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2021-certified-implementation-specialist/trackp_FINCLDGL21OPN |
Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise and Financial Reporting Structures | 20% | - Define enterprise structures - Define financial reporting structures - Manage segment value security - Configure chart of accounts |
| Topic 2: Ledgers and Accounting Setup | 25% | - Define data access sets - Configure currencies, calendars, and accounting conventions - Define ledgers and ledger sets - Set up subledger accounting |
| Topic 3: Period Close and Financial Reporting | 15% | - Perform revaluation, translation, and consolidation - Generate financial statements and reports - Use Financial Reporting Studio and Smart View - Manage accounting periods |
| Topic 4: Journal Processing | 20% | - Manage allocations and recurring journals - Import and post journals - Perform journal adjustments and reversals - Create and approve journal entries |
| Topic 5: Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Set up intracompany balancing rules - Configure intercompany transactions |
| Topic 6: Budgetary Control and Encumbrance Accounting | 10% | - Configure budgetary control - Monitor budget balances and control - Set up encumbrance accounting |
1Z0-1054-21 Exam FAQs for 2026 Candidates
Which certification does the 1Z0-1054-21 exam lead to?
The 1Z0-1054-21 exam is the official Oracle exam behind the Oracle Financials Cloud: General Ledger 2021 Certified Implementation Specialist certification, validating the skills measured by the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials credential. It sits at the Specialist level of the Oracle certification program.
How many questions are on the 1Z0-1054-21 exam, and how much time do I get?
The 1Z0-1054-21 exam contains 55 questions to be completed within 90 minutes. Before exam day, divide the available time by the question count to work out a comfortable per-question pace, and mark any item that eats into it so you can return later instead of getting stuck. Timed sessions in the Getcertkey test engines make that pacing automatic — run at least two full-length mock exams under the clock so time pressure never becomes the reason you drop points.
What score do I need to pass the 1Z0-1054-21 exam, and what does it cost?
The passing score for the 1Z0-1054-21 exam is 60%, and the official registration fee is USD 245. Retakes are not discounted — every new attempt means paying the full fee again — so it pays to measure yourself before you book. Work through the 136 practice questions on Getcertkey, sit a timed practice test, and schedule your exam only when your scores are consistently comfortable. That simple habit is the cheapest exam strategy there is.
Are there any prerequisites for the 1Z0-1054-21 exam?
No formal prerequisites; Oracle recommends hands-on implementation experience and completion of relevant training courses Requirements can change when Oracle revises its certification program, so confirm the current eligibility rules on the official exam page before you register.
How do I register for the 1Z0-1054-21 exam?
You can book the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials exam through the official registration channels below:
As for delivery, the exam is offered in the following format: Online proctored or onsite at Pearson VUE test centers. Choose the option that suits you best when you book your seat.
What official training is recommended for the 1Z0-1054-21 exam?
Oracle recommends the following training resources for the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials exam:
Official courses build the foundation; the 136 practice questions from Getcertkey then show you how that knowledge is examined, so the two work best together.
Can I try the 1Z0-1054-21 practice questions before I buy?
Yes. Getcertkey provides a free 1Z0-1054-21 PDF demo so you can review the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates — if Oracle revises the exam during that period, the updated material reaches you at no cost. Once the free-update year ends, you can extend your update service at a 50% discount.
What if I fail the 1Z0-1054-21 exam, and how is my order delivered?
Every Oracle Financials Cloud: General Ledger 2021 Implementation Essentials purchase on Getcertkey is covered by a 100% money-back guarantee with clear conditions: if you take the corresponding exam within 60 days of your purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip and your official score report as a PDF within two days of the exam date; claims are processed within seven days of submission. The guarantee does not apply to exams taken within three days of purchase, to material that was downloaded but never used in an exam attempt, or to free products and expired orders, and the candidate name must match the payer name. If you would rather not take a refund, you can instead exchange your purchase for two free exam preparation products of equal value and keep the update service on your original product.
Delivery is instant: your download is sent to your email within one minute of payment, with no limit on how many computers you may install the material on. If nothing arrives within two hours, check your spam folder and contact customer service for help.
What topics are covered in the 1Z0-1054-21 exam?
The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials exam blueprint is organized into 6 domains. The first three are:
- Period Close and Financial Reporting — 15% of the exam
- Ledgers and Accounting Setup — 25% of the exam
- Journal Processing — 20% of the exam
For the complete domain-by-domain breakdown, scroll up to the full exam topics outline above and use it to plan how you distribute your study time.
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Question #1
While Creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose Two)
A. The Account Rule's conditions are not defined
B. The Account Rule is defined with a different chart of Accounts from the Journal Entry Rule Set.
C. The Account Rule's Chart of Accounts have no account values assigned
D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
Question #2
You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?
A. setup data for Receivables and Payables product
B. chart of account values, accounting calendar, and ledger
C. Suppliers and Customers
D. Banks, Bank Accounts, and Branches
E. complete Accounting Configuration
Question #3
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was
4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated
5/5/16.What is causing this?
A. The actual accounting date was set up under the encumbrance accounting Default Date Rule
B. The sub ledger accounting option is set to system date
C. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
D. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule
Question #4
our Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three)
A. Smart View
B. OTBI
C. Account Inspector
D. Sunburst Report
E. Account Monitor
Question #5
You want to process multiple allocations at the same time. What feature do you use?
A. Point of View(POV)
B. Formulas
C. Rulesets
D. General Ledger Entries
Solutions:
| Question #1 Correct Answer: B,D | Question #2 Correct Answer: B,C,D | Question #3 Correct Answer: D | Question #4 Correct Answer: A,C,E | Question #5 Correct Answer: C |
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