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Oracle 1z0-1054-22 Exam Syllabus Topics:

SectionObjectives
General Ledger Cloud Implementation- Period Close and Allocations
  • 1. Allocations and periodic entries
  • 2. Manage period close processes
- Journal Processing and Transactions
  • 1. Create and process journal entries
  • 2. Intercompany transactions and balancing
- Security and Access Control
  • 1. Data access sets and user roles
  • 2. Manage General Ledger security and segment value security
- Configure Enterprise Structures
  • 1. Configure chart of accounts and accounting calendars
  • 2. Define ledgers and legal entities
- Budgets and Financial Controls
  • 1. Budget account monitoring and analysis
  • 2. Budgetary control and encumbrance accounting
- Financial Reporting and Analysis
  • 1. Financial Reporting Center tools
  • 2. Smart View and OTBI reporting inquiries

1z0-1054-22 Exam Answers Without the Headache

As of the latest information, the 1z0-1054-22 exam requires a passing score of 60% and a registration fee of USD (varies by location – typical Oracle exam fee). Oracle may revise either figure, so confirm both on the official site before scheduling.

Oracle lists these prerequisites for the Oracle Financials Cloud: General Ledger 2022 Implementation Professional: None (no formal prerequisites, though recommended experience with Oracle Financials Cloud).

Check the current requirements on the official certification page before booking.

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Per current exam information, the 1z0-1054-22 exam contains 55 questions within a 90 minutes-minute limit. Practicing under those exact conditions removes the format shock on exam day.

The Oracle Financials Cloud: General Ledger 2022 Implementation Professional blueprint centers on these main domains:

  • General Ledger Cloud Implementation

Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions:

Question #1

You want to achieve multi-step cascading allocations, which feature do you use?

  • A. Formulas
  • B. RuleSets
  • C. Point of View (POV)
  • D. General Ledger journal entries
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute needs to be set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation Report or Receivables to General Ledger Reconciliation Report?

  • A. Financial Category
  • B. Start Date
  • C. End Date
  • D. Reconcile
  • E. Third Party Control Account
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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Question #3

What are the two purposes of a secondary ledger? (Choose two.)

  • A. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
  • B. It should not be used when trying to meet local accounting requirements
  • C. It should only be used to main balances for processing performance
  • D. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
  • E. It is used to main balances in a different currency only
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Correct Answer: A,D  🗳️

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Question #4

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?

  • A. Make sure the tree version was published successfully
  • B. Make sure to flatten the rows of the tree version
  • C. Redeploy the chart of accounts
  • D. Make sure the tree is active
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI).
Which represents the appropriate upload steps?

  • A. Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
  • B. Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.
  • C. Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
  • D. Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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