Oracle 1z0-1054-23 Valid Dump : 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: Jul 26, 2026

Q & A: 52 Questions and Answers

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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Journal Processing- Journal Management
  • 1. Manage recurring and automated journals
  • 2. Create and manage journal entries
  • 3. Configure journal approval workflows
Intercompany Accounting- Intercompany Processing
  • 1. Manage intercompany transactions
  • 2. Perform reconciliation activities
  • 3. Configure intercompany balancing rules
Budgeting and Allocations- Financial Planning
  • 1. Monitor budgetary control
  • 2. Manage allocations
  • 3. Configure budgets
Period Close and Financial Reporting- Close and Reporting Activities
  • 1. Perform period close processes
  • 2. Manage accounting periods
  • 3. Generate financial statements and reports
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
Security and Data Access- Access Management
  • 1. Configure data access sets
  • 2. Implement security controls
  • 3. Manage user roles and privileges
Ledger Configuration- Ledger Management
  • 1. Set up reporting currencies
  • 2. Manage ledger options and balancing segments
  • 3. Configure primary and secondary ledgers

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

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


2. You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?

A) the transaction source
B) the transaction category
C) the transaction type
D) the transaction batch


3. 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


4. You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A) by using the Manage Cross-Validation Rules page.
B) by creating Cross-Validation Rules desktop-integrated spreadsheet.
C) by using Cross-Validation Rules Import file-based data import (FBDI).
D) by using the Manage General Ledger Security page.


5. There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A) Adjustment only level
B) Balances Level
C) Journal Level
D) Spreadsheet level
E) Subledger level


Solutions:

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

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