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 07, 2026
  • Q & A: 52 Questions and Answers
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  • 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 07, 2026
  • Q & A: 52 Questions and Answers
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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Subledger Accounting- Subledger to GL Integration
  • 1. Transfer to General Ledger
    - Accounting Rules
    • 1. Journal line rules and account derivation
      General Ledger Setup- Enterprise Structure Configuration
      • 1. Legal entities and ledgers setup
        • 2. Chart of Accounts structure design
          - Accounting Configuration
          • 1. Ledger options configuration
            • 2. Accounting calendars and periods
              Reporting and Analysis- Financial Reporting
              • 1. Smart View reporting
                • 2. Financial statements generation
                  Period Close Process- Close Activities
                  • 1. Close monitoring and reporting
                    • 2. Reconciliation and adjustments
                      Journal Processing- Journal Creation and Posting
                      • 1. Journal approval workflow
                        • 2. Manual and recurring journals
                          - Journal Import and Integration
                          • 1. Spreadsheet upload and external sources

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

                            1. For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
                            What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

                            A) Nothing, existing historical rates are not updated.
                            B) The historical rate is replaced.
                            C) Historical rates are converted into an average rate (original and new rate).
                            D) The existing historical rate is deleted.


                            2. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

                            A) when the journal is balanced by the primary BSV but not by second or third BSV
                            B) when the journal is balanced by second balancing segment value
                            C) when there is a many-to-many journal and you want to use a clearing company
                            D) when the journal is not balanced by the primary balancing segment value (BSV)


                            3. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
                            To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
                            (Choose two.)

                            A) Ledger options
                            B) Journal category
                            C) Journal lookup codes
                            D) Profile option
                            E) Journal sources


                            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.


                            5. Task3
                            Manage Chart of Accounts Mappings
                            Scenario
                            Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
                            Company-LoB-Account-Cost Center-Product-Intercompany
                            Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
                            Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
                            Cost Center Mapping
                            . Balance Sheet (0 and 000) should be mapped to
                            Balance Sheet
                            . All other cost centers should be mapped to 610
                            Account Mapping
                            . Asset accounts (in the 1000 range) should be
                            mapped to account 11101
                            . Liability accounts (in the 2000 range) should be
                            mapped to account 22100
                            . Equity accounts (in the 3000 range) should be
                            mapped to account 34000
                            . Revenue accounts (in the 4000 range) should be
                            mapped to account 42000
                            . Expense accounts (from 5000 onwards) should be
                            mapped to account 51100
                            Note:
                            Do not use conditions based on parents.
                            . Treat any account after the 5000 range as an expense.
                            Ensure all maps are numeric only.
                            When creating your mapping rules for each segment
                            please allow for existing and future segment values


                            Solutions:

                            Question # 1
                            Answer: B
                            Question # 2
                            Answer: A
                            Question # 3
                            Answer: A,E
                            Question # 4
                            Answer: Only visible for members
                            Question # 5
                            Answer: Only visible for members

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