Oracle Financials Cloud: General Ledger 2023 Implementation Professional - 1z0-1054-23

Oracle 1z0-1054-23 Actual PDF
  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Jul 21, 2026
  • Q & A: 52 Questions and Answers
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Oracle 1z0-1054-23 Exam Syllabus Topics:
SectionObjectives
Journal Processing- Journal Creation and Posting
  • 1. Manual and recurring journals
    • 2. Journal approval workflow
      - Journal Import and Integration
      • 1. Spreadsheet upload and external sources
        Reporting and Analysis- Financial Reporting
        • 1. Financial statements generation
          • 2. Smart View reporting
            Subledger Accounting- Subledger to GL Integration
            • 1. Transfer to General Ledger
              - Accounting Rules
              • 1. Journal line rules and account derivation
                Period Close Process- Close Activities
                • 1. Reconciliation and adjustments
                  • 2. Close monitoring and reporting
                    General Ledger Setup- Accounting Configuration
                    • 1. Ledger options configuration
                      • 2. Accounting calendars and periods
                        - Enterprise Structure Configuration
                        • 1. Chart of Accounts structure design
                          • 2. Legal entities and ledgers setup
                            Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

                            1. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

                            A) Primary balancing segment rule
                            B) Chart of accounts rule
                            C) Legal entity-level rule
                            D) Ledger-level rule


                            2. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
                            Where do you reference the statistical balance within the allocation component?

                            A) Offset
                            B) Allocation Range
                            C) Basis
                            D) Source
                            E) Target


                            3. Which two statements are true about balances cubes in General Ledger?

                            A) They are updated automatically when the Revaluation process is run.
                            B) They are updated automatically when the Translation process is run.
                            C) New dimensions can be added to a General Ledger balances cube.
                            D) They are updated automatically when the General Ledger period is opened.
                            E) A new balances cube is created for a unique combination of ledger and currency.


                            4. You are planning to create an Income Statement using Smart View.
                            Which Smart View tool should you use for this?

                            A) Smart Slices
                            B) Smart Queries
                            C) Ad Hoc Analysis
                            D) Query Designer


                            5. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
                            Which two statements are true regarding intercompany accounting for these products? (Choose two.)

                            A) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
                            B) Each product has its own Intercompany Accounting feature that needs to be configured separately.
                            C) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
                            D) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.


                            Solutions:

                            Question # 1
                            Answer: A
                            Question # 2
                            Answer: D
                            Question # 3
                            Answer: C,E
                            Question # 4
                            Answer: C
                            Question # 5
                            Answer: B,D

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