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

1z0-1054-23 actual test
  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Jul 26, 2026
  • Q & A: 52 Questions and Answers
  • PDF Demo
  • PC Test Engine
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  • Total Price: $59.99  

About Oracle 1z0-1054-23 Exam Actual Tests

Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

1. You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

A) Year
B) Fiscal Year
C) Period
D) Calendar Year


2. 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) Account group
B) OTBI report
C) Financial Reporting Web Studio report
D) Trial Balance report


3. You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

A) Validation
B) HZ_GEO_IDENTIFIER_SUBTYPE Lookup
C) Geocoding
D) Address Cleansing


4. Which two are valid Data Access Set types? (Choose two.)

A) Full access
B) Full Ledger
C) Read and Write access
D) Read Only access
E) Primary Balancing Segment Value


5. For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

A) The existing historical rate is deleted.
B) The historical rate is replaced.
C) Nothing, existing historical rates are not updated.
D) Historical rates are converted into an average rate (original and new rate).


Solutions:

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

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