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Oracle Financials Cloud: General Ledger 2020 Implementation Essentials : 1z0-1054-20 Exam Questions
- Exam Code: 1z0-1054-20
- Exam Name: Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
- Updated: Sep 20, 2026
- Q&As: 103 Questions and Answers
About Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam Braindumps
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Oracle 1z0-1054-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2020 Implementation Essentials |
| Exam Number: | 1Z0-1054-20 |
| Exam Format: | Multiple Response, Multiple Choice |
| Related Certifications: | Oracle Financials Cloud: General Ledger Oracle ERP Cloud Certifications |
| Available Languages: | English |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored exam via Oracle testing platform or authorized test centers. |
| Pre Condition: | Recommended understanding of Oracle Financials Cloud fundamentals and general accounting principles. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1054-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial Reporting | - Account Analysis and Reporting - Financial Reporting Studio |
| Topic 2: Period Close Process | - Period Close Steps - Reconciliations and Adjustments |
| Topic 3: Journal Processing | - Manual Journal Entries - Recurring Journals - Journal Approval Workflow |
| Topic 4: Accounting Configuration | - Accounting Methods and Rules - Subledger Accounting Integration |
| Topic 5: General Ledger Setup | - Enterprise Structure Configuration - Ledger and Ledger Options Setup - Chart of Accounts Structure |
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam FAQ — High-Efficiency Answers
The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials is Oracle's certification exam for Oracle Financials Cloud: General Ledger 2020 Implementation Specialist, at the Professional level. Certification is how workers face new challenges and seize promotion chances. Related credentials include Oracle Financials Cloud: General Ledger, Oracle ERP Cloud Certifications.
Yes — new customers get a free Oracle Financials Cloud: General Ledger 2020 Implementation Essentials demo, and regular customers enjoy constant promotions and membership discounts. Purchases include 365 days of free updates by email; renew afterward at 50% off.
The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials blueprint spans 5 domains — including Financial Reporting, General Ledger Setup, Accounting Configuration. Concentrate effort where the weight sits; the complete outline above lists every subtopic.
Through the vendor's official registration channels:
The Oracle Financials Cloud: General Ledger 2020 Implementation Essentials is delivered Online proctored exam via Oracle testing platform or authorized test centers. — pick the arrangement that suits you when booking.
Recommended understanding of Oracle Financials Cloud fundamentals and general accounting principles. Eligibility rules change over time, so verify the current requirements on the official page (official 1z0-1054-20 exam page) before registering.
Upon successful payment, our system emails the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials material to your mailbox automatically within about a minute — every transaction is secure, and strict private policies protect your information. If nothing arrives within 2 hours, check spam and contact our 24/7 service center. If you fail the corresponding 1z0-1054-20 exam within 60 days of purchase, we refund in full: send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. Or exchange for two equal-value products free.
Yes:
After any course, keep the efficiency going with the 103 practice questions for the Oracle Financials Cloud: General Ledger 2020 Implementation Essentials — every answer expert-verified.
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Sample Questions:
Question #1
When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).
- A. Oracle Financial Statement Generator
- B. Financial Reporting Studio
- C. Smart View
- D. Financial Reporting Center
Correct Answer: B,D 🗳️
Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).
Question #2
Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?
- A. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
- B. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
- C. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)
- D. Import Budget Amounts from Spreadsheet
(XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)
Correct Answer: B 🗳️
Question #3
Your company has two legal entities in the US (Balancing Segment Values [BSV] 101 and 102), one legal entity in France (BSV 401), and one legal entity in the UK (BSV 402).
Both US legal entities share the same ledger, whereas the UK and France have their own ledgers.
Assuming intercompany transactions are not being entered, what is the minimal action you can take and still configure the ledgers correctly?
- A. You should assign a balancing segment value to identify each legal entity in the US ledger.
- B. You should assign the balancing segment value to the ledger in the US and assign a balancing segment value to identify each legal entity in the UK and France ledgers.
- C. You should assign a balancing segment value to identify each legal entity in the US Ledger and assign the balancing segment values to the ledger in the UK and France.
- D. You should assign a balancing segment value to identify each legal entity in each ledger.
Correct Answer: B 🗳️
Question #4
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 form the Journal Entry Rule Set
- C. The Account Rule's chart of accounts has 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
Correct Answer: B,D 🗳️
Question #5
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. Users have very little control their Springboards and Work Areas; they can only resize columns
- B. They can use Personalization to move and remove regions from those pages
- C. They can format each table by hiding and showing columns, moving columns, and resizing columns
- D. They can have the System Administration customize pages for them using Page Composer
Correct Answer: B,C 🗳️
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