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Updated: Aug 03, 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 |
| Related Certifications: | Oracle Financials Cloud Certification Oracle Cloud ERP Financials |
| Exam Price: | $245 USD |
| Exam Duration: | 90 minutes |
| Exam Format: | Multiple Choice |
| Passing Score: | 68% |
| Available Languages: | English |
| Certificate Validity Period: | Oracle Cloud certifications are typically valid for the corresponding product release cycle |
| Real Exam Qty: | 50 |
| Sample Questions: | Oracle 1z0-1054-23 Sample Questions |
| Exam Way: | Online proctored exam or test center delivery through Oracle Certification program. |
| Pre Condition: | Oracle recommends implementation experience with Oracle Financials Cloud General Ledger and related ERP Financials modules. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Intercompany Accounting | - Intercompany Processing
|
| Topic 2: Security and Data Access | - Access Management
|
| Topic 3: Budgeting and Allocations | - Financial Planning
|
| Topic 4: Period Close and Financial Reporting | - Close and Reporting Activities
|
| Topic 5: Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Topic 6: Ledger Configuration | - Ledger Management
|
| Topic 7: Journal Processing | - Journal Management
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
1. Which two are valid Data Access Set types? (Choose two.)
A) Read Only access
B) Primary Balancing Segment Value
C) Read and Write access
D) Full Ledger
E) Full access
2. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
A) Cost center
B) Natural Account
C) Secondary Balancing
D) Intercompany Segment
E) Primary Balancing
3. 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 minimum transaction amount
C) Automatic or manual batch numbering and the maximum transaction amount
D) Whether to allow receivers to reject intercompany transactions
E) Approvers who will approve intercompany transactions
4. You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?
A) Journal ledger
B) Adjustment only
C) Sub-ledger level.
D) Balance level
5. There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?
A) Journal Level
B) Spreadsheet level
C) Subledger level
D) Adjustment only level
E) Balances Level
Solutions:
| Question # 1 Answer: A,E | Question # 2 Answer: A,B,E | Question # 3 Answer: A,B,D | Question # 4 Answer: D | Question # 5 Answer: E |
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