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Updated: Sep 08, 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
Exam Price:$245 USD
Exam Duration:90 minutes
Related Certifications:Oracle Fusion Cloud Financials Implementation Professional
Certificate Validity Period:Version-specific, subject to Oracle Cloud recertification policy
Real Exam Qty:50-52
Available Languages:English
Passing Score:75%
Exam Format:Multiple Choice, Hands-on Performance-Based
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
Intercompany Accounting15%- Configure Intercompany
  • 1. Set up intercompany balancing rules
    • 2. Process intercompany transactions and reconciliation
      • 3. Enable intercompany invoicing
        Journal Processing and Approval20%- Manage Journals
        • 1. Define allocation and recurring journals
          • 2. Configure journal approval rules
            • 3. Create, import, and post journals
              Enterprise and Financial Reporting Structures20%- Configure Financial Reporting Structures
              • 1. Create accounting hierarchies
                • 2. Define reporting views and dimensions
                  - Configure Enterprise Structures
                  • 1. Configure segment labels and value sets
                    • 2. Define legal entities and business units
                      • 3. Set up chart of accounts structure and instances
                        Ledgers and Accounting Setup25%- Configure Ledgers
                        • 1. Configure ledger options and subledger accounting rules
                          • 2. Define primary and secondary ledgers
                            • 3. Set up calendars, currencies, and accounting conventions
                              - Budgetary Control and Encumbrance
                              • 1. Define encumbrance accounting rules
                                • 2. Enable budgetary control
                                  Period Close and Financial Reporting20%- Perform Period Close
                                  • 1. Reconcile balances
                                    • 2. Execute period close processes
                                      • 3. Manage accounting periods
                                        - Financial Reporting
                                        • 1. Create and run financial reports
                                          • 2. Use Smart View for analysis
                                            • 3. Analyze budgets versus actuals

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

                                              Question #1

                                              You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
                                              What should you associate with the ledger set to achieve this?

                                              • A. Account group
                                              • B. Trial Balance report
                                              • C. OTBI report
                                              • D. Financial Reporting Web Studio report
                                              Reveal Solution  Discussion  0

                                              Correct Answer: D  🗳️

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                                              Question #2

                                              The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
                                              Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

                                              • A. The Data Model
                                              • B. The Data Source
                                              • C. Output type
                                              • D. The layout-Template
                                              • E. The Sub_Template
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A,D  🗳️

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                                              Question #3

                                              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.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B  🗳️

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                                              Question #4

                                              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. The original journal entry in Euros remains the same.
                                              • B. There is no unrealized exchange gain or loss calculated.
                                              • C. You have an unrealized exchange gain recorded.
                                              • D. The original journal entry in Euros is updated.
                                              • E. You have an unrealized exchange loss recorded.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C,E  🗳️

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                                              Question #5

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

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

                                              Correct Answer: A,E  🗳️

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