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: Nov 01, 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  🗳️

                                              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  🗳️

                                              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  🗳️

                                              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  🗳️

                                              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  🗳️

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

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                                              Actual4Exams confidently stands behind all its offerings by giving Unconditional "No help, Full refund" Guarantee. Since the time our operations started we have never seen people report failure in the Oracle 1z0-1054-23 exam after using our products. With this feedback we can assure you of the benefits that you will get from our products and the high probability of clearing the 1z0-1054-23 exam.

                                              We still understand the effort, time, and money you will invest in preparing for your certification exam, which makes failure in the Oracle 1z0-1054-23 exam really painful and disappointing. Although we cannot reduce your pain and disappointment but we can certainly share with you the financial loss.

                                              This means that if due to any reason you are not able to pass the 1z0-1054-23 actual exam even after using our product, we will reimburse the full amount you spent on our products. you just need to mail us your score report along with your account information to address listed below within 7 days after your unqualified certificate came out.

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