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

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Sep 30, 2026
  • Q & A: 52 Questions and Answers
  • PDF Price: $59.99
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Oracle 1z0-1054-23 Q&A - Testing Engine

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Sep 30, 2026
  • Q & A: 52 Questions and Answers
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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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. Query Designer
  • B. Smart Slices
  • C. Ad Hoc Analysis
  • D. Smart Queries
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).

Question #2

Which two statements are true about the Intercompany Reconciliation report?

  • A. You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
  • B. It displays the intercompany receivables and intercompany payables balances in summary for a period.
  • C. It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
  • D. It displays all clearing company balancing lines for a period.
  • E. It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
Reveal Solution  Discussion  0

Correct Answer: B,E  🗳️

Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).

Question #3

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. Ledger-level rule
  • B. Chart of accounts rule
  • C. Primary balancing segment rule
  • D. Legal entity-level rule
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).

Question #4

Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:
. Prefix your alias name with 07, where 07 is your exam ID.
. There is no Product or Intercompany impact.

Reveal Solution  Discussion  0

Correct Answer:

See the Explanation for the complete Solution.
Explanation
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Shorthand Aliases
Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
Click on the Add Row icon to create a new alias. Enter the following information:
Alias Name: RevDom
Account Template: 101-2000-400000-000-000-000
Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today's date End Date: Blank Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
Account Aliases
Enter a GL Account Alias
Short Hand Alias in Fusion Financials Key Flexfield
How to Enable Account Shorthand Aliases

Question #5

You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

  • A. Style template
  • B. Layout template
  • C. Sub template
  • D. Data model
  • E. Output type
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).

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