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 20, 2026
  • Q&As: 52 Questions and Answers

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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Intercompany Accounting- Intercompany Processing
  • 1. Configure intercompany balancing rules
  • 2. Perform reconciliation activities
  • 3. Manage intercompany transactions
Topic 2: Budgeting and Allocations- Financial Planning
  • 1. Manage allocations
  • 2. Configure budgets
  • 3. Monitor budgetary control
Topic 3: Enterprise Structure and General Ledger Setup- Enterprise Configuration
  • 1. Define chart of accounts structures
  • 2. Configure accounting calendars
  • 3. Configure business units and legal entities
Topic 4: Period Close and Financial Reporting- Close and Reporting Activities
  • 1. Generate financial statements and reports
  • 2. Perform period close processes
  • 3. Manage accounting periods
Topic 5: Journal Processing- Journal Management
  • 1. Manage recurring and automated journals
  • 2. Create and manage journal entries
  • 3. Configure journal approval workflows
Topic 6: Ledger Configuration- Ledger Management
  • 1. Set up reporting currencies
  • 2. Manage ledger options and balancing segments
  • 3. Configure primary and secondary ledgers
Topic 7: Security and Data Access- Access Management
  • 1. Implement security controls
  • 2. Configure data access sets
  • 3. Manage user roles and privileges

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

1. Which two statements are true regarding the Translation process? (Choose two.)

A) The Translation process should be run before posting Period Close adjustment entries.
B) Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
C) If necessary, before submitting the Translation process, the Revaluation process should be completed.
D) The Translation process can only be used to translate balance sheet accounts.
E) The Translation process can only be used for translating the balances of Secondary ledgers.


2. Which three factors should you consider while specifying Intercompany System options?

A) Whether to allow receivers to reject intercompany transactions
B) Automatic or manual batch numbering and the minimum transaction amount
C) Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
D) Automatic or manual batch numbering and the maximum transaction amount
E) Approvers who will approve intercompany transactions


3. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A) It supports external integration using REST services.
B) You can create, update, and delete account rules for a chart of accounts mapping.
C) You can download the template only from the Manage Chart of Accounts Mappings page.
D) You can create, update, and delete segment rules for a chart of accounts mapping.


4. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A) when the journal is balanced by second balancing segment value
B) when the journal is balanced by the primary BSV but not by second or third BSV
C) when there is a many-to-many journal and you want to use a clearing company
D) when the journal is not balanced by the primary balancing segment value (BSV)


5. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) Sub template
B) Output type
C) Layout template
D) Data model
E) Style template


Solutions:

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

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