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

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Oct 26, 2026
  • Q & A: 52 Questions and Answers

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About Oracle 1z0-1054-23 Exam

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Oracle 1z0-1054-23 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Exam Number:1Z0-1054-23
Real Exam Qty:50
Passing Score:68%
Exam Duration:90 minutes
Related Certifications:Oracle Financials Cloud Certification
Oracle Cloud ERP Financials
Available Languages:English
Exam Format:Multiple Choice
Certificate Validity Period:Oracle Cloud certifications are typically valid for the corresponding product release cycle
Exam Price:$245 USD
Sample Questions:Free Download 1z0-1054-23 Exam PDF Torrent
Exam Way:Online proctored exam or test center delivery through Oracle Certification program.
Pre Condition:Oracle recommends implementation experience with Oracle Financials Cloud General Ledger and related ERP Financials modules.
Official Syllabus URL:https://education.oracle.com

Oracle 1z0-1054-23 Exam Syllabus Topics:

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

Practicing for the Oracle Financials Cloud: General Ledger 2023 Implementation Professional Exam: FAQ

After each practice session, the online test engine records which questions you answered incorrectly and reminds you to revisit them in your next round. Reviewing your own mistakes daily shows you clearly where your weaknesses and strengths lie, so every session builds on the last instead of starting from scratch.

The Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam contains 50 questions, and you will have 90 minutes minutes to complete them. Practicing the full volume under a timer is the closest thing to rehearsing the real exam.

Yes. The online test engine lets you set a time limit for each practice session, so you can train yourself to allocate minutes per question the way you will need to in the real 1z0-1054-23 exam. Working under a clock at home makes time pressure on exam day feel routine rather than alarming.

The Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam requires a score of 68% to pass, and the official registration fee is $245 USD. Since the exam fee is a real investment, thorough preparation is the most practical way to protect it.

The Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam is scored on a scale where 68% is required to pass, and the official exam fee is $245 USD.

Oracle recommends implementation experience with Oracle Financials Cloud General Ledger and related ERP Financials modules.

You can confirm the current eligibility requirements on the official 1z0-1054-23 exam page before you register.

The Oracle Financials Cloud: General Ledger 2023 Implementation Professional practice questions are organized around the official exam objectives. Key topics include:

  • Period Close and Financial Reporting ()
  • Budgeting and Allocations ()
  • Ledger Configuration ()

Daily practice mapped to these topics keeps your preparation balanced across the whole syllabus.

This package includes 52 practice questions for the Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam. Every answer is verified by an experienced team of experts, so you can trust what you study.

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

Question #1

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

  • A. Create two different value sets for the company and intercompany segments.
  • B. Define the intercompany segment with a default value.
  • C. Share the same value set for the company and intercompany segments.
  • D. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

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

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

Correct Answer: C,D  🗳️

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Question #3

Which two statements are true about infotiles and infolets?

  • A. You can refresh infolets to see up-to-date data.
  • B. You can create your own user-defined infolets.
  • C. Infolets are accessed only from the News Feed home page layout.
  • D. Infotiles have Front view. Back view, and Expanded view.
  • E. Infotiles pull data from a Smart View analysis.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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Question #4

You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?

  • A. Balance level
  • B. Adjustment only
  • C. Sub-ledger level.
  • D. Journal ledger
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

Question #5

When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

  • A. when there is a many-to-many journal and you want to use a clearing company
  • B. when the journal is balanced by second balancing segment value
  • C. when the journal is not balanced by the primary balancing segment value (BSV)
  • D. when the journal is balanced by the primary BSV but not by second or third BSV
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

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