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

1z0-1054-23 real exams

Exam Code: 1z0-1054-23

Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional

Updated: Oct 30, 2026

Q & A: 52 Questions and Answers

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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

Question #1

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. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
  • B. Validation
  • C. Address Cleansing
  • D. Geocoding
Reveal Solution  Discussion  0

Correct Answer: D  πŸ—³οΈ

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Question #2

A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?

  • A. Account Groups
  • B. Smart Queries
  • C. Smart Slices
  • D. Query Designer
Reveal Solution  Discussion  0

Correct Answer: D  πŸ—³οΈ

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Question #3

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. It supports external integration using REST services.
  • B. You can create, update, and delete segment rules for a chart of accounts mapping.
  • 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.
Reveal Solution  Discussion  0

Correct Answer: B,C  πŸ—³οΈ

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Question #4

Which delivered role can access the full functionality of Functional Setup Manager?

  • A. Any functional user
  • B. IT Security Manager
  • C. Application Implementation Manager
  • D. Functional Setup Manager Superuser
  • E. Application Implementation Consultant
Reveal Solution  Discussion  0

Correct Answer: C  πŸ—³οΈ

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Question #5

Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

  • A. There is no unrealized exchange gain or loss calculated.
  • B. The original journal entry in Euros is updated.
  • C. The original journal entry in Euros remains the same.
  • D. You have an unrealized exchange gain recorded.
  • E. You have an unrealized exchange loss recorded.
Reveal Solution  Discussion  0

Correct Answer: D,E  πŸ—³οΈ

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