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

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Sep 25, 2026

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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

                                              Question #1

                                              In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

                                              • A. They can have the System Administrator configuring pages for them using Page Composer
                                              • B. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
                                              • C. They can use "+" under the Apps section of the News Feed homepage
                                              • D. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C,D  🗳️

                                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                                              Question #2

                                              You are using account hierarchies for reporting and allocations.
                                              Which two statements are true about these types of hierarchies? (Choose two.)

                                              • A. You can have only one version of a hierarchy published to the Essbase cube at any time.
                                              • B. Child values in these hierarchies can belong to only one parent.
                                              • C. Hierarchies for reporting and allocations have to be published to Essbase cubes.
                                              • D. Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A,B  🗳️

                                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                                              Question #3

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

                                              • A. They are updated automatically when the General Ledger period is opened.
                                              • B. New dimensions can be added to a General Ledger balances cube.
                                              • C. They are updated automatically when the Translation process is run.
                                              • D. They are updated automatically when the Revaluation process is run.
                                              • E. A new balances cube is created for a unique combination of ledger and currency.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B,E  🗳️

                                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                                              Question #4

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

                                              Correct Answer: A,D  🗳️

                                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

                                              Question #5

                                              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. You can create, update, and delete segment rules for a chart of accounts mapping.
                                              • B. You can download the template only from the Manage Chart of Accounts Mappings page.
                                              • C. It supports external integration using REST services.
                                              • D. You can create, update, and delete account rules for a chart of accounts mapping.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A,D  🗳️

                                              Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

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