Oracle Financials Cloud: General Ledger 2023 Implementation Professional : 1z0-1054-23

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Oct 15, 2026
  • Q & A: 52 Questions and Answers

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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

                                              Question #1

                                              Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
                                              100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
                                              The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
                                              What two statements are true for the resulting revaluation run? (Choose two.)

                                              • A. The original journal entry in Euros remains the same.
                                              • B. There is no unrealized exchange gain or loss calculated.
                                              • C. You have an unrealized exchange gain recorded.
                                              • D. You have an unrealized exchange loss recorded.
                                              • E. The original journal entry in Euros is updated.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C,D  🗳️

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                                              Question #2

                                              You are planning to create an Income Statement using Smart View.
                                              Which Smart View tool should you use for this?

                                              • A. Query Designer
                                              • B. Smart Slices
                                              • C. Ad Hoc Analysis
                                              • D. Smart Queries
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C  🗳️

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                                              Question #3

                                              The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
                                              Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

                                              • A. Output type
                                              • B. The Data Model
                                              • C. The Sub_Template
                                              • D. The layout-Template
                                              • E. The Data Source
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B,D  🗳️

                                              Question #4

                                              You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

                                              • A. Define the Geography Validation for Country option to Error.
                                              • B. Redefine the geography hierarchy.
                                              • C. Redefine the location structure.
                                              • D. Define the Geography Validation for Country option to No Validation.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A  🗳️

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                                              Question #5

                                              What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

                                              • A. Set the status of a tree to active.
                                              • B. Create additional versions of a tree.
                                              • C. Optimize parent/child relationships.
                                              • D. Verify correctness of trees.
                                              • E. View information for runtime performance.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A,D  🗳️

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