Learn with Oracle : 1z0-1054-23 training material for 100% pass

Updated: Sep 11, 2026

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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
Available Languages:English
Exam Price:$245 USD
Exam Format:Hands-on Performance-Based, Multiple Choice
Real Exam Qty:50-52
Certificate Validity Period:Version-specific, subject to Oracle Cloud recertification policy
Exam Duration:90 minutes
Related Certifications:Oracle Fusion Cloud Financials Implementation Professional
Passing Score:75%
Recommended Training:Oracle Financials Cloud: General Ledger Implementation Training
Exam Registration:Oracle University Exam Registration
Pearson VUE Scheduling
Sample Questions:Oracle 1z0-1054-23 Sample Questions
Exam Way:Online proctored via Pearson VUE or in-person at authorized test centers
Pre Condition:No mandatory prerequisites; Oracle recommends hands-on implementation experience with Oracle Financials Cloud General Ledger
Official Syllabus URL:https://education.oracle.com/ouexam-pexam_1z0-1054-23

Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionWeightObjectives
Enterprise and Financial Reporting Structures20%- Configure Enterprise Structures
  • 1. Define legal entities and business units
    • 2. Set up chart of accounts structure and instances
      • 3. Configure segment labels and value sets
        - Configure Financial Reporting Structures
        • 1. Create accounting hierarchies
          • 2. Define reporting views and dimensions
            Journal Processing and Approval20%- Manage Journals
            • 1. Define allocation and recurring journals
              • 2. Configure journal approval rules
                • 3. Create, import, and post journals
                  Period Close and Financial Reporting20%- Financial Reporting
                  • 1. Analyze budgets versus actuals
                    • 2. Create and run financial reports
                      • 3. Use Smart View for analysis
                        - Perform Period Close
                        • 1. Execute period close processes
                          • 2. Manage accounting periods
                            • 3. Reconcile balances
                              Intercompany Accounting15%- Configure Intercompany
                              • 1. Enable intercompany invoicing
                                • 2. Process intercompany transactions and reconciliation
                                  • 3. Set up intercompany balancing rules
                                    Ledgers and Accounting Setup25%- Configure Ledgers
                                    • 1. Define primary and secondary ledgers
                                      • 2. Set up calendars, currencies, and accounting conventions
                                        • 3. Configure ledger options and subledger accounting rules
                                          - Budgetary Control and Encumbrance
                                          • 1. Enable budgetary control
                                            • 2. Define encumbrance accounting rules

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

                                              Question #1

                                              Which two are valid Data Access Set types? (Choose two.)

                                              • A. Full Ledger
                                              • B. Read Only access
                                              • C. Read and Write access
                                              • D. Primary Balancing Segment Value
                                              • E. Full access
                                              Answer: B,E

                                              Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).

                                              Question #2

                                              You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?

                                              • A. Opt in to the Prevent Period Close option for the offering.
                                              • B. Set the relevant option on the Specify Ledger Options page.
                                              • C. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
                                              • D. You don't have to do anything; this option is enabled automatically.
                                              Answer: B

                                              Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).

                                              Question #3

                                              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 saved it in the MyFolders directory.
                                              • C. You have not downloaded the report to your local drive.
                                              • D. You have not uploaded it to Financial Reporting Center.
                                              Answer: B,D

                                              Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).

                                              Question #4

                                              You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
                                              What format should you choose?

                                              • A. Fiscal Year
                                              • B. Calendar Year
                                              • C. Period
                                              • D. Year
                                              Answer: A

                                              Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).

                                              Question #5

                                              After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
                                              To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
                                              (Choose two.)

                                              • A. Journal lookup codes
                                              • B. Journal sources
                                              • C. Ledger options
                                              • D. Journal category
                                              • E. Profile option
                                              Answer: B,C

                                              Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).

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