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Last Updated: Sep 22, 2026
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Good questions come from many sources. The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials set at Exam4Docs pools insight from examiners, former candidates, and buyers — distilled into 136 practice questions by professional 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 Price: | USD 245 |
| Exam Format: | Multiple Select, Multiple Choice |
| Exam Duration: | 90 minutes |
| Passing Score: | 60% |
| Available Languages: | Japanese, English |
| Real Exam Qty: | 55 |
| Certificate Validity Period: | Version-specific, subject to Oracle Cloud Recertification Policy |
| Recommended Training: | Oracle Financials Cloud: General Ledger Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle University Certification |
| Sample Questions: | DOWNLOAD DEMO |
| 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 |
|---|---|---|
| Period Close and Financial Reporting | 15% | - Generate financial statements and reports - Perform revaluation, translation, and consolidation - Use Financial Reporting Studio and Smart View - Manage accounting periods |
| Budgetary Control and Encumbrance Accounting | 10% | - Configure budgetary control - Set up encumbrance accounting - Monitor budget balances and control |
| Intercompany and Intracompany Balancing | 10% | - Set up intracompany balancing rules - Configure intercompany transactions - Process and reconcile intercompany entries |
| Ledgers and Accounting Setup | 25% | - Define data access sets - Configure currencies, calendars, and accounting conventions - Define ledgers and ledger sets - Set up subledger accounting |
| Journal Processing | 20% | - Create and approve journal entries - Manage allocations and recurring journals - Perform journal adjustments and reversals - Import and post journals |
| Enterprise and Financial Reporting Structures | 20% | - Configure chart of accounts - Manage segment value security - Define financial reporting structures - Define enterprise structures |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials FAQ: The Essentials
No formal prerequisites; Oracle recommends hands-on implementation experience and completion of relevant training courses Vendor eligibility rules do evolve, so double-check on the official page (official 1Z0-1054-21 exam page) before you pay the fee.
Yes:
Official courses and our practice set complement each other: learn the theory there, then pressure-test it with the 136 practice questions for the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials.
Files first: as an online product, the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials material is obtainable immediately after ordering — an automatic email lands in your mailbox within a minute, with unlimited installations and 24/7 help if nothing shows up within 2 hours. Failure is covered too: take the corresponding 1Z0-1054-21 exam within 60 days of purchase, and if you don't pass, submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam for a full refund processed within 7 days. Exclusions apply — exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. A free exchange for two equal-value products is the alternative.
Plan on USD 245 per attempt and 60% as the pass mark. Since every retake bills again, rehearse with the 136 practice questions from Exam4Docs first — accurate preparation is cheaper than a second registration.
The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials blueprint covers 6 domains — including Journal Processing (20%), Enterprise and Financial Reporting Structures (20%), Budgetary Control and Encumbrance Accounting (10%). Treat the weightings as your study budget: heavy domains get heavy hours. The complete outline above lists every subtopic.
90 minutes, 55 questions. Build pace by practicing in short bursts on the Exam4Docs APP, then graduate to full timed simulations in the software engine before test day.
Yes — although online products can't be touched, we offer free demos before you really choose. Download the Oracle Financials Cloud: General Ledger 2021 Implementation Essentials trial, judge the question quality yourself, and remember every purchase includes 365 days of free updates (renewable at half price after that).
The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials is Oracle's exam for the Oracle Financials Cloud: General Ledger 2021 Certified Implementation Specialist certification, at the Specialist level — formal proof of professional ability that employers can verify.
Use the vendor's official registration channels:
The Oracle Financials Cloud: General Ledger 2021 Implementation Essentials is delivered Online proctored or onsite at Pearson VUE test centers, so select the option that fits you when booking.
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
What Is Oracle Essbase?
- A. A data ware house
- B. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
- C. A robust reporting and analysis tool
- D. A relational database
Correct Answer: C 🗳️
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Your customer is reconciling their Intercompany Receivables accounts. Which two reports should they use in addition to using the intercompany Reconciliation report?
- A. General Ledger Trial Balance report
- B. Receivables Aging by General Ledger Account report
- C. Receivables to General Ledger Reconciliation report
- D. AR Aging report
Correct Answer: C 🗳️
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 Chart of Accounts have no account values assigned
- B. The Account Rule's conditions are not defined
- C. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
- D. The Account Rule is defined with a different chart of Accounts from the Journal Entry Rule Set.
Correct Answer: C,D 🗳️
On which three occasions are Essbase balances updated? (Choose three.)
- A. every time you open a new period
- B. every time journals are posted to the general ledger
- C. every time you run the batch program called "Update Essbase Balances"
- D. every time the tree version is published
Correct Answer: A,B,D 🗳️
Which feature outside of reporting and analysis leverages the Essbase cube?
- A. Journal entries and journal approval to create journals that update balances to the cube directly.
- B. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- C. Revaluations and translation of revalue and translate currencies stored in the Essbase cube
- D. Calculation manager to perform allocations based on multidimensional balances and budgets
Correct Answer: C 🗳️
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