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From a free demo to 87 practice questions and 365 days of free updates, Actualtests4sure covers the whole 1z0-1054-24 journey in one place. Preparing for Oracle Financials Cloud: General Ledger 2024 Implementation Professional in 2026 has never been this straightforward.

Oracle 1z0-1054-24 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2024 Implementation Professional
Exam Number:1Z0-1054-24
Exam Format:Multiple Response, Multiple Choice
Exam Price:USD 245 (varies by country/region)
Available Languages:English
Exam Duration:90 minutes
Related Certifications:Oracle Financials Cloud Implementation
Oracle ERP Cloud Financials Certification Track
Real Exam Qty:Approximately 55
Passing Score:75%
Certificate Validity Period:Oracle Certification typically does not expire for this track (unless specified by Oracle policy updates)
Recommended Training:Oracle Financials Cloud Training
Exam Registration:Oracle Certification Registration
Sample Questions:Oracle 1z0-1054-24 Sample Questions
Exam Way:Online proctored or test center (Oracle authorized testing provider)
Pre Condition:Recommended: Oracle Financials Cloud Foundations or equivalent ERP experience
Official Syllabus URL:https://education.oracle.com/

Oracle 1z0-1054-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Reporting and Analysis- Smart View Reporting
  • 1. Ad Hoc Analysis
    • 2. Financial Statement Creation
      Topic 2: Configuring Enterprise and Financial Reporting Structures- Financial Reporting Configuration
      • 1. Account Hierarchies
        • 2. Reporting Trees and Essbase Publishing
          - Enterprise Structures Setup
          • 1. Ledger Configuration
            • 2. Chart of Accounts Design
              • 3. Legal Entities and Business Units
                Topic 3: Journal Processing- Journal Entry Creation and Approval
                • 1. Journal Sources and Categories
                  • 2. Approval Rules and Workflow
                    Topic 4: General Ledger Setup and Configuration- Ledger and Accounting Calendar
                    • 1. Ledger Configuration
                      • 2. Accounting Periods Setup

                        Frequently Asked Questions About Oracle Financials Cloud: General Ledger 2024 Implementation Professional

                        The 1z0-1054-24 exam leads to the Oracle Financials Cloud: General Ledger 2024 Implementation Professional certification, a Professional-level credential from Oracle. It validates the skills measured by the Oracle Financials Cloud: General Ledger 2024 Implementation Professional syllabus and is a recognized step for IT professionals building their careers, and it sits alongside related credentials such as Oracle Financials Cloud Implementation, Oracle ERP Cloud Financials Certification Track.

                        The Oracle Financials Cloud: General Ledger 2024 Implementation Professional exam includes Approximately 55 questions and gives you 90 minutes to complete them. That works out to a fairly tight pace, so reading each question carefully but decisively matters more than perfectionism. If a question stalls you, flag it and move on; banking the easier points first keeps time pressure from snowballing near the end. Before test day, run at least one full timed session with the Actualtests4sure practice test so the rhythm feels familiar rather than rushed.

                        You need 75% to pass the 1z0-1054-24 exam, and the official registration fee is USD 245 (varies by country/region). Keep in mind that a failed attempt means paying the full fee again to retake the exam, so it pays to be honest with yourself before booking a seat. A practical benchmark: work through the 87 practice questions at Actualtests4sure until you can score comfortably above the passing line in timed mode, then schedule your exam.

                        Recommended: Oracle Financials Cloud Foundations or equivalent ERP experience Because Oracle may adjust its policies over time, we recommend confirming the latest requirements on the official exam page (official exam page) before you register.

                        You can sign up for the Oracle Financials Cloud: General Ledger 2024 Implementation Professional exam through any of the official registration channels below:

                        As for how the exam is delivered: Online proctored or test center (Oracle authorized testing provider).

                        Oracle suggests the following training options for candidates preparing for Oracle Financials Cloud: General Ledger 2024 Implementation Professional:

                        Formal training is a solid foundation, and pairing it with the 87 practice questions from Actualtests4sure helps you turn that knowledge into exam-day confidence.

                        Yes. Actualtests4sure offers a free PDF demo of the Oracle Financials Cloud: General Ledger 2024 Implementation Professional material, so you can review the question style and answer quality before making a decision. Every purchase also includes 365 days of free updates, and after that period you can extend your updates at a 50% discount, which keeps your preparation current through 2026 and beyond.

                        If you take the Oracle Financials Cloud: General Ledger 2024 Implementation Professional exam within 60 days of your purchase and do not pass, Actualtests4sure offers a full refund under its Money Back Guarantee. To apply, send a scanned copy of your exam enrollment slip together with your official Score Report in PDF format within 2 days of the exam date, and your claim will be processed within 7 days. The guarantee applies only to the corresponding exam: attempts made within 3 days of purchase, exams downloaded but never actually taken, free materials, and expired orders are not eligible, and the candidate name must match the purchaser name. If you would rather not take a refund, you can exchange your product for two additional exam preparation products of equal value and keep the update service on your original purchase. Delivery itself is instant: your product is available for download right after payment and is also sent to your email within one minute, and if it has not arrived within 2 hours, contact our support team. There is no limit on how many computers you can install it on.

                        The Oracle Financials Cloud: General Ledger 2024 Implementation Professional syllabus is divided into 4 main domains, including Journal Processing, General Ledger Setup and Configuration, Configuring Enterprise and Financial Reporting Structures. Each domain carries a different share of the total score, so knowing where the weight sits helps you allocate your study time wisely. You will find the complete, up-to-date outline in the Exam Topics section above.

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

                        Question #1

                        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. Set the relevant option on the Specify Ledger Options page.
                        • B. You don't have to do anything; this option is enabled automatically.
                        • C. Opt in to the Prevent Period Close option for the offering.
                        • D. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
                        Reveal Solution  Discussion  0

                        Correct Answer: A  🗳️

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                        Question #2

                        You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
                        The following combinations exist in theCode Combination table:
                        * 01-000-4110-00
                        * 01-000-5299-000
                        * 01-000-5105-000
                        * 01-000-7640-00
                        Which two statements aretrueregardingcross-validation rules?

                        • A. There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis notenabled for your chart of accounts instance.
                        • B. You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
                        • C. You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
                        • D. The rules will validate and apply tonew and existing accounts.
                        • E. The rules validate and apply tonew accounts only.
                        Reveal Solution  Discussion  0

                        Correct Answer: B,D  🗳️

                        Question #3

                        What are thetwo possible reasonsforencumbrance created on the purchase orderto go back to thebudget or funds availability?

                        • A. The purchase order is canceled or finally closed or rejected without performing any receipt or invoice.
                        • B. The requisition reserved successfully undergoes amendment and is rejected in the reapproval.
                        • C. When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.
                        • D. When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.
                        Reveal Solution  Discussion  0

                        Correct Answer: A,C  🗳️

                        Question #4

                        You want to achievemulti-step cascading allocations. Which feature do you use?

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

                        Correct Answer: C  🗳️

                        Question #5

                        There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
                        Given that:
                        The subsidiary is in another country from the parent.
                        There is no requirement to have daily balances.
                        The objective is to minimize the data stored in the reporting currency.
                        Which data conversion level should you recommend?

                        • A. Subledger level
                        • B. Spreadsheet level
                        • C. Journal Level
                        • D. Adjustment only level
                        • E. Balances Level
                        Reveal Solution  Discussion  0

                        Correct Answer: E  🗳️

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