Oracle 1z0-1054-23 Q&A - in .pdf

  • 1z0-1054-23 pdf
  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Aug 25, 2026
  • Q & A: 52 Questions and Answers
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  • Exam Code: 1z0-1054-23
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  • Updated: Aug 25, 2026
  • Q & A: 52 Questions and Answers
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  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Aug 25, 2026
  • Q & A: 52 Questions and Answers
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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Enterprise and Financial Reporting Structures20%- Configure Financial Reporting Structures
  • 1. Define reporting views and dimensions
    • 2. Create accounting hierarchies
      - Configure Enterprise Structures
      • 1. Configure segment labels and value sets
        • 2. Define legal entities and business units
          • 3. Set up chart of accounts structure and instances
            Topic 2: Journal Processing and Approval20%- Manage Journals
            • 1. Define allocation and recurring journals
              • 2. Configure journal approval rules
                • 3. Create, import, and post journals
                  Topic 3: Ledgers and Accounting Setup25%- Configure Ledgers
                  • 1. Set up calendars, currencies, and accounting conventions
                    • 2. Define primary and secondary ledgers
                      • 3. Configure ledger options and subledger accounting rules
                        - Budgetary Control and Encumbrance
                        • 1. Enable budgetary control
                          • 2. Define encumbrance accounting rules
                            Topic 4: Period Close and Financial Reporting20%- Perform Period Close
                            • 1. Reconcile balances
                              • 2. Execute period close processes
                                • 3. Manage accounting periods
                                  - Financial Reporting
                                  • 1. Create and run financial reports
                                    • 2. Use Smart View for analysis
                                      • 3. Analyze budgets versus actuals
                                        Topic 5: Intercompany Accounting15%- Configure Intercompany
                                        • 1. Set up intercompany balancing rules
                                          • 2. Enable intercompany invoicing
                                            • 3. Process intercompany transactions and reconciliation

                                              Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

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


                                              2. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
                                              Which two statements are true regarding intercompany accounting for these products? (Choose two.)

                                              A) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
                                              B) Each product has its own Intercompany Accounting feature that needs to be configured separately.
                                              C) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
                                              D) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.


                                              3. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
                                              To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
                                              (Choose two.)

                                              A) Profile option
                                              B) Journal category
                                              C) Journal sources
                                              D) Journal lookup codes
                                              E) Ledger options


                                              4. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
                                              Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

                                              A) The Style Template
                                              B) The layout Template
                                              C) The Data Model
                                              D) Output type
                                              E) The Sub Template


                                              5. A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
                                              Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

                                              A) Journal level
                                              B) FBDI level
                                              C) Subledger level
                                              D) Adjustment only level
                                              E) Balance level


                                              Solutions:

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

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