Better products give you more than you paid for. The Oracle Financials Cloud: General Ledger 2022 Implementation Professional package at GuideTorrent does exactly that — 133+ Q&As for the 1z0-1054-22 exam, free updates for 365 days with new versions sent to your inbox at once, and a support team that answers around the clock.
Oracle 1z0-1054-22 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journals and Allocations | 15% | - Define Allocations and Periodic Entries - Create and Process Journal Entries - Configure Journal Approval Rules |
| Ledgers and Accounting Configuration | 20% | - Set Up Accounting Calendars and Currencies - Configure Primary and Secondary Ledgers - Manage Budgetary Control and Encumbrance |
| Financial Reporting and Analysis | 15% | - Use Financial Reporting Center - Analyze Data with OTBI and Smart View - Build Reports with Financial Reporting Web Studio |
| Intercompany Functionality | 15% | - Process Intercompany Transactions - Set Up Intercompany Balancing Rules - Perform Intercompany Reconciliations |
| Enterprise and Financial Reporting Structures | 20% | - Define Account Hierarchies and Trees - Manage Legal Entities and Jurisdictions - Configure Chart of Accounts and Segments |
| Period Close and Security | 15% | - Manage General Ledger Security and Access - Explain GL Balances Cube - Configure Period Close Components |
1z0-1054-22 Exam Questions, Answered Honestly
The official outline structures the 1z0-1054-22 exam around weighted domains such as:
- Ledgers and Accounting Configuration (20%)
- Enterprise and Financial Reporting Structures (20%)
- Period Close and Security (15%)
In the Oracle Financials Cloud: General Ledger 2022 Implementation Professional materials at GuideTorrent, the key knowledge points within these domains are clearly underlined, so the heavy areas get the attention they deserve without extra digging.
No mandatory prerequisites; hands-on implementation experience recommended
The 1z0-1054-22 exam is the official assessment for the Oracle Financials Cloud: General Ledger 2022 Implementation Professional certification from Oracle. It measures how well you can apply the published exam objectives in realistic scenarios — and for professionals looking to change their current situation, the credential is one of the most concrete ways to demonstrate new, verifiable skills.
Professional experts — and then other experts check their work. The 1z0-1054-22 exam content is compiled by specialists deeply familiar with the real exam, who make the knowledge easy to understand and keep the descriptions vivid rather than dry. Before release, the materials go through repeated rounds of checking, and the key knowledge points are clearly underlined throughout. That two-layer process — written by experts, verified by experts — is what the quality of the GuideTorrent question bank rests on.
Passing the 1z0-1054-22 exam requires 60%, and the registration fee is USD 245. Knowing your target score early turns practice sessions into measurable progress rather than guesswork.
Oracle lists the following training resources:
Official courses explain the concepts; well-organized practice questions with underlined key points make revision fast. The two complement each other nicely.
The 1z0-1054-22 exam contains 55 questions with a time allowance of 90 minutes minutes. Practicing complete timed sets is the reliable way to make that pace feel manageable on the day.
Safe and automatic. The installation package from GuideTorrent is clean — no viruses, no bundled extras — and it arrives by email about a minute after payment. Afterwards, whenever a new version of the 1z0-1054-22 exam materials is released, our system automatically emails it to you at once; you simply check your inbox regularly and download. This update service is free for 365 days, and extends at a 50% renewal discount beyond that.
Registration for the 1z0-1054-22 exam is handled through the official channels below:
If you have the determination to change your current situation, booking a date is the moment that determination becomes a plan.
Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions:
You entered a journal and the client is asking for the following information:
The current account balance
What the future account balance will be if the journal is approved and posted How will you get this information?
- A. Run a Trial Balance before and after posting
- B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
- C. View the Projected Balances region in the Create Journals page
- D. Query the account balance online
Correct Answer: C 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
You are defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)
- A. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.
- B. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other".
- C. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
- D. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
Correct Answer: B,D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
You have set up a supporting reference with balances to capture revenue by account manager.
Which option should you use to view the supporting reference balances?
- A. a SmartView analysis
- B. an OTBI analysis
- C. an Account Group
- D. General Ledger inquiries and reports
Correct Answer: D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
You want to achieve multi-step cascading allocations, which feature do you use?
- A. Point of View (POV)
- B. General Ledger journal entries
- C. Formulas
- D. RuleSets
Correct Answer: D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
Which two statements are true regarding how Intercompany Balancing Rule are defined? (Choose two.)
- A. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values.ys
- B. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types.
- C. All ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules.
- D. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
Correct Answer: A,B 🗳️
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