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: Aug 05, 2026   Q&As: 52 Questions and Answers
  • Q & A: 52 Questions and Answers

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Oracle 1z0-1054-23 Exam Syllabus Topics:
SectionWeightObjectives
Topic 1: Period Close and Financial Reporting20%- Perform Period Close
  • 1. Execute period close processes
    • 2. Manage accounting periods
      • 3. Reconcile balances
        - Financial Reporting
        • 1. Analyze budgets versus actuals
          • 2. Create and run financial reports
            • 3. Use Smart View for analysis
              Topic 2: Intercompany Accounting15%- Configure Intercompany
              • 1. Set up intercompany balancing rules
                • 2. Process intercompany transactions and reconciliation
                  • 3. Enable intercompany invoicing
                    Topic 3: 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. Set up chart of accounts structure and instances
                            • 3. Define legal entities and business units
                              Topic 4: Journal Processing and Approval20%- Manage Journals
                              • 1. Create, import, and post journals
                                • 2. Configure journal approval rules
                                  • 3. Define allocation and recurring journals
                                    Topic 5: Ledgers and Accounting Setup25%- Configure Ledgers
                                    • 1. Set up calendars, currencies, and accounting conventions
                                      • 2. Configure ledger options and subledger accounting rules
                                        • 3. Define primary and secondary ledgers
                                          - Budgetary Control and Encumbrance
                                          • 1. Define encumbrance accounting rules
                                            • 2. Enable budgetary control
                                              Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

                                              1. Which two statements are true about balances cubes in General Ledger?

                                              A) New dimensions can be added to a General Ledger balances cube.
                                              B) They are updated automatically when the Translation process is run.
                                              C) They are updated automatically when the General Ledger period is opened.
                                              D) A new balances cube is created for a unique combination of ledger and currency.
                                              E) They are updated automatically when the Revaluation process is run.


                                              2. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
                                              What should you associate with the ledger set to achieve this?

                                              A) Trial Balance report
                                              B) Financial Reporting Web Studio report
                                              C) OTBI report
                                              D) Account group


                                              3. You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
                                              What format should you choose?

                                              A) Year
                                              B) Period
                                              C) Calendar Year
                                              D) Fiscal Year


                                              4. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
                                              Where do you reference the statistical balance within the allocation component?

                                              A) Allocation Range
                                              B) Source
                                              C) Target
                                              D) Offset
                                              E) Basis


                                              5. Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
                                              (Choose two.)

                                              A) Enterprise Performance Management Workspace
                                              B) Scheduled Processes
                                              C) Business Process Management Workspace
                                              D) Reports and Analytics
                                              E) Universal Content Management Workspace


                                              Solutions:

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

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