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

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Nov 03, 2026
  • Q & A: 52 Questions and Answers

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

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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Journal Processing- Journal Creation and Posting
  • 1. Journal approval workflow
    • 2. Manual and recurring journals
      - Journal Import and Integration
      • 1. Spreadsheet upload and external sources
        General Ledger Setup- Enterprise Structure Configuration
        • 1. Chart of Accounts structure design
          • 2. Legal entities and ledgers setup
            - Accounting Configuration
            • 1. Accounting calendars and periods
              • 2. Ledger options configuration
                Reporting and Analysis- Financial Reporting
                • 1. Financial statements generation
                  • 2. Smart View reporting
                    Period Close Process- Close Activities
                    • 1. Reconciliation and adjustments
                      • 2. Close monitoring and reporting
                        Subledger Accounting- Accounting Rules
                        • 1. Journal line rules and account derivation
                          - Subledger to GL Integration
                          • 1. Transfer to General Ledger

                            1z0-1054-23 (Oracle) Exam: Your Questions Answered

                            Oracle Financials Cloud: General Ledger 2023 Implementation Professional is an official Oracle exam, catalogued under the code 1z0-1054-23. A pass awards you the Oracle Financials Cloud Implementation Professional certification at the Professional level. It also supports progress toward Oracle Financials Cloud: Accounts Payable Implementation Professional, Oracle Financials Cloud: Accounts Receivable Implementation Professional, Oracle Financials Cloud: Fixed Assets Implementation Professional. Demand for this credential has stayed strong because it validates skills employers can use from day one.

                            The Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam packs 50-60 questions into 90 minutes. Candidates rarely fail because of one impossible topic; they fail because ten minutes vanished on three stubborn questions. Build a triage habit now: answer, flag, move on, return later. Timed full-length sessions in the DumpsActual test engine are the most honest way to practice that discipline before it counts.

                            Recommended: experience with Oracle Financials Cloud and basic accounting knowledge. No mandatory prerequisite certification required.

                            Vendor policies shift over time, so confirm the current entry conditions before paying any registration fee; the official exam page is the authoritative source.

                            You can sign up for Oracle Financials Cloud: General Ledger 2023 Implementation Professional through the official registration points listed here.

                            Regarding format, the exam is delivered Online proctored or test center delivery via Pearson VUE.

                            Oracle recommends the following training for Oracle Financials Cloud: General Ledger 2023 Implementation Professional candidates.

                            Course content builds understanding, but the exam grades answers. Bridge the two with the 52 practice questions in the DumpsActual 1z0-1054-23 package, and the theory starts converting into points.

                            Yes. A free demo of the Oracle Financials Cloud: General Ledger 2023 Implementation Professional material is available on this page, so you can verify the quality of the questions and the expert-edited answers yourself. Once you purchase, updates are free for 365 days and the newest version is emailed to you automatically as it releases; after expiry, extending the update service costs 50% of the regular price.

                            A 100% money-back guarantee covers your purchase under defined conditions. If you take the Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam within 60 days of buying and fail, you can claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders, and the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, you may exchange rather than refund: two other exam products of equal value, free, with the update service on your original purchase kept intact.

                            Delivery is instant: files unlock for download upon successful payment and are automatically emailed to you within one minute. If nothing arrives within 2 hours, check spam and contact us by email or online service. Installation is unlimited across your computers.

                            Oracle Financials Cloud: General Ledger 2023 Implementation Professional spans 5 official domains. The most heavily weighted include Subledger Accounting, Period Close Process, and Reporting and Analysis. The full topic list is published above on this page; let the weightings decide where your next study hour goes.

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

                            Question #1

                            You are using account hierarchies for reporting and allocations.
                            Which two statements are true about these types of hierarchies? (Choose two.)

                            • A. Child values in these hierarchies can belong to only one parent.
                            • B. Hierarchies for reporting and allocations have to be published to Essbase cubes.
                            • C. You can have only one version of a hierarchy published to the Essbase cube at any time.
                            • D. Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
                            Reveal Solution  Discussion  0

                            Correct Answer: A,C  🗳️

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

                            Question #2

                            A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
                            Which two ledger types should be configured to fulfill this reporting requirement?

                            • A. Reporting currency with the local accounting convention
                            • B. Primary ledger with the local accounting convention
                            • C. Reporting currency with the IFRS accounting convention
                            • D. Secondary ledger with the IFRS accounting convention
                            • E. Primary ledger with the IFRS accounting convention
                            Reveal Solution  Discussion  0

                            Correct Answer: B,D  🗳️

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

                            Question #3

                            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  🗳️

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

                            Question #4

                            Which two statements are true regarding the Translation process? (Choose two.)

                            • A. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
                            • B. The Translation process can only be used for translating the balances of Secondary ledgers.
                            • C. If necessary, before submitting the Translation process, the Revaluation process should be completed.
                            • D. The Translation process can only be used to translate balance sheet accounts.
                            • E. The Translation process should be run before posting Period Close adjustment entries.
                            Reveal Solution  Discussion  0

                            Correct Answer: A,C  🗳️

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

                            Question #5

                            Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
                            (Choose two.)

                            • A. Enterprise Performance Management Workspace
                            • B. Business Process Management Workspace
                            • C. Scheduled Processes
                            • D. Reports and Analytics
                            • E. Universal Content Management Workspace
                            Reveal Solution  Discussion  0

                            Correct Answer: A,D  🗳️

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

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