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: Sep 13, 2026
  • Q & A: 52 Questions and Answers

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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

Question #1

You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

  • A. Primary balancing segment rule
  • B. Chart of accounts rule
  • C. Ledger-level rule
  • D. Legal entity-level rule
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

  • A. Transfer Budget Balances to Budget Cubes has not been run.
  • B. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
  • C. Budgeting is not enabled in the Ledger options.
  • D. A value for the budget scenario is not created.
  • E. The Create Scenario Dimension Members program has not been run.
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

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Question #3

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. Layout template
  • B. Data model
  • C. Sub template
  • D. Output type
  • E. Style template
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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Question #4

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

  • A. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
  • B. Automatic or manual batch numbering and the minimum transaction amount
  • C. Whether to allow receivers to reject intercompany transactions
  • D. Automatic or manual batch numbering and the maximum transaction amount
  • E. Approvers who will approve intercompany transactions
Reveal Solution  Discussion  0

Correct Answer: A,B,C  🗳️

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Question #5

Which two statements are true about infotiles and infolets?

  • A. Infotiles pull data from a Smart View analysis.
  • B. Infotiles have Front view. Back view, and Expanded view.
  • C. Infolets are accessed only from the News Feed home page layout.
  • D. You can create your own user-defined infolets.
  • E. You can refresh infolets to see up-to-date data.
Reveal Solution  Discussion  0

Correct Answer: B,E  🗳️

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