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Updated: Sep 08, 2026
No. of Questions: 52 Questions & Answers with Testing Engine
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| 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 |
| Section | Weight | Objectives |
|---|---|---|
| Intercompany Accounting | 15% | - Configure Intercompany
|
| Journal Processing and Approval | 20% | - Manage Journals
|
| Enterprise and Financial Reporting Structures | 20% | - Configure Financial Reporting Structures
|
| Ledgers and Accounting Setup | 25% | - Configure Ledgers
|
| Period Close and Financial Reporting | 20% | - Perform Period Close
|
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?
Correct Answer: D 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
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.)
Correct Answer: A,D 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
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?
Correct Answer: B 🗳️
Explanation: Only visible for PracticeMaterial 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.)
Correct Answer: C,E 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)
Correct Answer: A,E 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
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