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Last Updated: Sep 11, 2026
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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Period Close and Financial Reporting | 20% | - Perform Period Close
|
| Topic 2: Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
| Topic 3: Journal Processing and Approval | 20% | - Manage Journals
|
| Topic 4: Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
|
| Topic 5: Intercompany Accounting | 15% | - Configure Intercompany
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
- B. They can use "+" under the Apps section of the News Feed homepage
- C. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
- D. They can have the System Administrator configuring pages for them using Page Composer
Correct Answer: B,C 🗳️
Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).
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.
Correct Answer: B,D 🗳️
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You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?
- A. Ledger-level rule
- B. Primary balancing segment rule
- C. Chart of accounts rule
- D. Legal entity-level rule
Correct Answer: C 🗳️
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Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.
Note:
. Prefix your alias name with 07, where 07 is your exam ID.
. There is no Product or Intercompany impact.
Correct Answer:
See the Explanation for the complete Solution.
Explanation
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Shorthand Aliases
Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
Click on the Add Row icon to create a new alias. Enter the following information:
Alias Name: RevDom
Account Template: 101-2000-400000-000-000-000
Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today's date End Date: Blank Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
Account Aliases
Enter a GL Account Alias
Short Hand Alias in Fusion Financials Key Flexfield
How to Enable Account Shorthand Aliases
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. Adjustment only
- B. Balance level
- C. Sub-ledger level.
- D. Journal ledger
Correct Answer: B 🗳️
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