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Last Updated: Sep 11, 2026
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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Intercompany Accounting | - Intercompany Processing
|
| Topic 2: Journal Processing | - Journal Management
|
| Topic 3: Budgeting and Allocations | - Financial Planning
|
| Topic 4: Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Topic 5: Ledger Configuration | - Ledger Management
|
| Topic 6: Period Close and Financial Reporting | - Close and Reporting Activities
|
| Topic 7: Security and Data Access | - Access Management
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?
- A. The Create Scenario Dimension Members program has not been run.
- B. Budgeting is not enabled in the Ledger options.
- C. A value for the budget scenario is not created.
- D. Transfer Budget Balances to Budget Cubes has not been run.
- E. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
Correct Answer: A,C 🗳️
Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).
Which two statements are true about balances cubes in General Ledger?
- A. They are updated automatically when the Revaluation process is run.
- B. New dimensions can be added to a General Ledger balances cube.
- C. They are updated automatically when the Translation process is run.
- D. A new balances cube is created for a unique combination of ledger and currency.
- E. They are updated automatically when the General Ledger period is opened.
Correct Answer: B,D 🗳️
Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
- A. There is no unrealized exchange gain or loss calculated.
- B. You have an unrealized exchange gain recorded.
- C. The original journal entry in Euros remains the same.
- D. You have an unrealized exchange loss recorded.
- E. The original journal entry in Euros is updated.
Correct Answer: B,D 🗳️
Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).
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. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
- C. Validation
- D. Address Cleansing
Correct Answer: A 🗳️
Explanation: Only visible for Exam4Labs members. You can sign-up / login (it's free).
Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?
- A. Assign the General Accounting Manager role to those users.
- B. Assign the security context value of UK Ledger to the user/role combination.
- C. Create a data access set that allows access to the UK Ledger.
- D. Assign the UK reference set to the user/role combination.
Correct Answer: C 🗳️
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