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  • Total Questions: 87
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Certification vendors revise their outlines, and stale material quietly hurts candidates. The 1z0-1054-24 practice questions at Fast2test are reviewed on a continuous basis, and your purchase of the Oracle Financials Cloud: General Ledger 2024 Implementation Professional package includes 365 days of free updates, so your study set stays current through 2026 and beyond.

Oracle 1z0-1054-24 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2024 Implementation Professional
Exam Number:1Z0-1054-24
Real Exam Qty:50
Available Languages:English
Exam Format:Multiple Choice, Hands-on Performance Based
Exam Duration:90 minutes
Related Certifications:Oracle Financials Cloud General Ledger Implementation Professional
Certificate Validity Period:18 months
Exam Price:$245 USD
Passing Score:Hands-on Challenges: 75%, Multiple Choice: 68%
Sample Questions:Oracle 1z0-1054-24 Sample Questions
Exam Way:Online proctored or test center
Pre Condition:Oracle recommends hands-on implementation experience with Oracle Financials Cloud General Ledger solutions.
Official Syllabus URL:https://education.oracle.com/

Oracle 1z0-1054-24 Exam Syllabus Topics:

SectionObjectives
Security and Reporting- Reporting
  • 1. Use General Ledger Balances Cube
  • 2. Generate Financial Reports
- Security Configuration
  • 1. Manage General Ledger Security
  • 2. Configure Data Access
Intercompany and Journal Processing- Journal Management
  • 1. Manage Allocations and Periodic Entries
  • 2. Create and Import Journals
  • 3. Process Journal Approval and Posting
- Intercompany Transactions
  • 1. Manage Intercompany Reconciliation
  • 2. Configure Intercompany Balancing
Period Close and Reconciliation- Reconciliation and Consolidation
  • 1. Manage Consolidation
  • 2. Manage Reconciliations
- Close Process
  • 1. Perform Revaluation and Translation
  • 2. Manage Period Close
  • 3. Configure Close Monitor
Ledger and Accounting Configuration- Accounting Setup
  • 1. Configure Journal Processing
  • 2. Manage Journal Approval
  • 3. Configure Posting Options
- Ledger Configuration
  • 1. Manage Primary and Secondary Ledgers
  • 2. Manage Ledger Sets
  • 3. Configure Calendar and Currency
Enterprise Structure and Financial Reporting Structures- Financial Reporting Structures
  • 1. Create Account Hierarchies
  • 2. Configure Chart of Accounts
  • 3. Manage Value Sets
- Configure Enterprise Structures
  • 1. Define Ledgers
  • 2. Manage Business Units
  • 3. Configure Legal Entities

Oracle 1z0-1054-24 Exam — Your Questions, Answered

The 1z0-1054-24 exam, officially titled Oracle Financials Cloud: General Ledger 2024 Implementation Professional, is the Oracle exam you pass to earn the Oracle Financials Cloud certification, a credential at the Professional level. Passing it confirms the skills defined in the official exam outline, and it is associated with related credentials such as Oracle Financials Cloud General Ledger Implementation Professional.

The 1z0-1054-24 exam includes 50 questions and gives you 90 minutes to finish them. That is a tight pace per question, so get used to reading each stem once, flagging anything uncertain, and moving on rather than getting stuck. Running timed practice tests in the Fast2test desktop or online test engine is the most reliable way to build that rhythm before exam day.

The passing score for the 1z0-1054-24 exam is Hands-on Challenges: 75%, Multiple Choice: 68%, and the official registration fee is $245 USD. Keep in mind that a failed attempt means paying $245 USD again in full to retake it, so book your slot only when your scores on Fast2test practice tests sit consistently above the passing line.

Oracle lists the following prerequisites or eligibility notes for the 1z0-1054-24 exam: Oracle recommends hands-on implementation experience with Oracle Financials Cloud General Ledger solutions.. Requirements can change over time, so confirm the details on the official exam page at Oracle's official site before you register.

Yes. Fast2test offers a free PDF demo of the 1z0-1054-24 material, so you can check the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.

Your purchase is protected by a 100% Money Back Guarantee with clear conditions: if you take the corresponding 1z0-1054-24 exam within 60 days of purchase and do not pass, you can apply for a full refund. The candidate name must match the payer name, and you need to submit a scanned exam enrollment slip together with the official Score Report PDF within 2 days of taking the exam; claims are processed within 7 days. Sitting the exam within 3 days of purchase, downloading without taking the exam, free materials, and expired orders are not covered. If you would rather not take a refund, you can exchange your order for two free exam products of equal value and keep the update service on your original purchase.

Delivery is instant: your download links are emailed within one minute of payment, and you can also download directly from the website. If nothing arrives within 2 hours, contact customer service and check your spam folder. There is no limit on how many computers you can install the material on.

The 1z0-1054-24 exam blueprint is divided into 5 domains, starting with Security and Reporting; Ledger and Accounting Configuration; Period Close and Reconciliation. For the complete domain-by-domain breakdown, see the Exam Topics section above — it lists every topic the current outline covers.

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions:

Question 1

What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A. Create additional versions of a tree.
B. View information for runtime performance.
C. Set the status of a tree to active.
D. Verify correctness of trees.
E. Optimize parent/child relationships.


Question 2

You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A. Budgeting is not enabled in the Ledger options.
B. Transfer Budget Balances to Budget Cubes has not been run.
C. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
D. A value for the budget scenario is not created.
E. The Create Scenario Dimension Members program has not been run.


Question 3

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

A. The existing historical rate is deleted.
B. Nothing, existing historical rates are not updated.
C. Historical rates are converted into an average rate (original and new rate).
D. The historical rate is replaced.


Question 4

The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A. Primary Balancing
B. Cost center
C. Natural Account
D. Secondary Balancing
E. Intercompany Segment


Question 5

You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?

A. Opt in to the Prevent Period Close option for the offering.
B. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
C. Set the relevant option on the Specify Ledger Options page.
D. You don't have to do anything; this option is enabled automatically.


Solutions:

Question 1
Answer: C,D
Question 2
Answer: D,E
Question 3
Answer: D
Question 4
Answer: A,B,C
Question 5
Answer: C

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