Oracle 1z0-1054-23 Q&A - in .pdf

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Sep 14, 2026
  • Q & A: 52 Questions and Answers
  • PDF Price: $59.98
  • Printable Oracle 1z0-1054-23 PDF Format. It is an electronic file format regardless of the operating system platform.
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Oracle 1z0-1054-23 Q&A - Testing Engine

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Sep 14, 2026
  • Q & A: 52 Questions and Answers
  • Install on multiple computers for self-paced, at-your-convenience training.
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Oracle 1z0-1054-23 Exam Syllabus Topics:
SectionObjectives
Budgeting and Allocations- Financial Planning
  • 1. Configure budgets
  • 2. Monitor budgetary control
  • 3. Manage allocations
Ledger Configuration- Ledger Management
  • 1. Manage ledger options and balancing segments
  • 2. Configure primary and secondary ledgers
  • 3. Set up reporting currencies
Security and Data Access- Access Management
  • 1. Implement security controls
  • 2. Configure data access sets
  • 3. Manage user roles and privileges
Intercompany Accounting- Intercompany Processing
  • 1. Perform reconciliation activities
  • 2. Manage intercompany transactions
  • 3. Configure intercompany balancing rules
Enterprise Structure and General Ledger Setup- Enterprise Configuration
  • 1. Define chart of accounts structures
  • 2. Configure business units and legal entities
  • 3. Configure accounting calendars
Journal Processing- Journal Management
  • 1. Manage recurring and automated journals
  • 2. Create and manage journal entries
  • 3. Configure journal approval workflows
Period Close and Financial Reporting- Close and Reporting Activities
  • 1. Generate financial statements and reports
  • 2. Perform period close processes
  • 3. Manage accounting periods
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Question #1

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. Whether to allow receivers to reject intercompany transactions
  • D. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
  • E. Approvers who will approve intercompany transactions
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).

Question #2

The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

  • A. Natural Account
  • B. Primary Balancing
  • C. Cost center
  • D. Intercompany Segment
  • E. Secondary Balancing
Reveal Solution  Discussion  0

Correct Answer: A,B,C  🗳️

Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).

Question #3

The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

  • A. The Data Model
  • B. The Data Source
  • C. The layout-Template
  • D. The Sub_Template
  • E. Output type
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).

Question #4

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

  • A. New dimensions can be added to a General Ledger balances cube.
  • B. They are updated automatically when the Translation process is run.
  • C. They are updated automatically when the General Ledger period is opened.
  • 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: A,E  🗳️

Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).

Question #5

You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)

  • A. You have not saved it in the Shared Folder/Custom/Financials directory.
  • B. You have not downloaded the report to your local drive.
  • C. You have not saved it in the MyFolders directory.
  • D. You have not uploaded it to Financial Reporting Center.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

Explanation: Only visible for Test4Engine members. You can sign-up / login (it's free).

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