Oracle 1z0-1054-23 Q&A - in .pdf

  • 1z0-1054-23 pdf
  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Aug 28, 2026
  • Q & A: 52 Questions and Answers
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  • Exam Code: 1z0-1054-23
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  • Updated: Aug 28, 2026
  • Q & A: 52 Questions and Answers
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  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Aug 28, 2026
  • Q & A: 52 Questions and Answers
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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Intercompany Accounting- Intercompany Processing
  • 1. Perform reconciliation activities
  • 2. Configure intercompany balancing rules
  • 3. Manage intercompany transactions
Topic 2: Security and Data Access- Access Management
  • 1. Implement security controls
  • 2. Configure data access sets
  • 3. Manage user roles and privileges
Topic 3: Budgeting and Allocations- Financial Planning
  • 1. Manage allocations
  • 2. Monitor budgetary control
  • 3. Configure budgets
Topic 4: Enterprise Structure and General Ledger Setup- Enterprise Configuration
  • 1. Define chart of accounts structures
  • 2. Configure accounting calendars
  • 3. Configure business units and legal entities
Topic 5: Journal Processing- Journal Management
  • 1. Configure journal approval workflows
  • 2. Create and manage journal entries
  • 3. Manage recurring and automated journals
Topic 6: Period Close and Financial Reporting- Close and Reporting Activities
  • 1. Manage accounting periods
  • 2. Generate financial statements and reports
  • 3. Perform period close processes
Topic 7: Ledger Configuration- Ledger Management
  • 1. Manage ledger options and balancing segments
  • 2. Configure primary and secondary ledgers
  • 3. Set up reporting currencies

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

Question 1

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

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


Question 2

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


Question 3

A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?

A. Smart Slices
B. Query Designer
C. Account Groups
D. Smart Queries


Question 4

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


Question 5

Which three factors should you consider while specifying Intercompany System options?

A. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
B. Automatic or manual batch numbering and the maximum transaction amount
C. Automatic or manual batch numbering and the minimum transaction amount
D. Approvers who will approve intercompany transactions
E. Whether to allow receivers to reject intercompany transactions


Solutions:

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

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