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  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Sep 04, 2026
  • Q & A: 52 Questions and Answers
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  • Exam Code: 1z0-1054-23
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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

                                              Question 1

                                              You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

                                              A. Define the Geography Validation for Country option to Error.
                                              B. Redefine the geography hierarchy.
                                              C. Define the Geography Validation for Country option to No Validation.
                                              D. Redefine the location structure.


                                              Question 2

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


                                              Question 3

                                              Which two statements are true about infotiles and infolets?

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


                                              Question 4

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

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


                                              Question 5

                                              After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
                                              To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
                                              (Choose two.)

                                              A. Ledger options
                                              B. Journal sources
                                              C. Journal category
                                              D. Profile option
                                              E. Journal lookup codes


                                              Solutions:

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

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