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

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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:

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

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

                                              Question #1

                                              In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
                                              Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

                                              • A. Output type
                                              • B. The Sub Template
                                              • C. The layout Template
                                              • D. The Style Template
                                              • E. The Data Model
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A,E  πŸ—³οΈ

                                              Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).

                                              Question #2

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

                                              • A. Enterprise Performance Management Workspace
                                              • B. Universal Content Management Workspace
                                              • C. Scheduled Processes
                                              • D. Reports and Analytics
                                              • E. Business Process Management Workspace
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A,D  πŸ—³οΈ

                                              Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).

                                              Question #3

                                              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. Financial Reporting Web Studio report
                                              • B. Account group
                                              • C. Trial Balance report
                                              • D. OTBI report
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A  πŸ—³οΈ

                                              Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).

                                              Question #4

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

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

                                              Correct Answer: B,E  πŸ—³οΈ

                                              Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).

                                              Question #5

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

                                              • A. when the journal is balanced by the primary BSV but not by second or third BSV
                                              • B. when the journal is not balanced by the primary balancing segment value (BSV)
                                              • C. when the journal is balanced by second balancing segment value
                                              • D. when there is a many-to-many journal and you want to use a clearing company
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A  πŸ—³οΈ

                                              Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).

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