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

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

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Oracle 1z0-1054-23 Exam Syllabus Topics:

Section	Weight	Objectives
Enterprise and Financial Reporting Structures	20%	- Configure Financial Reporting Structures 1. Create accounting hierarchies 2. Define reporting views and dimensions - Configure Enterprise Structures 1. Set up chart of accounts structure and instances 2. Define legal entities and business units 3. Configure segment labels and value sets
Intercompany Accounting	15%	- Configure Intercompany 1. Enable intercompany invoicing 2. Process intercompany transactions and reconciliation 3. Set up intercompany balancing rules
Journal Processing and Approval	20%	- Manage Journals 1. Define allocation and recurring journals 2. Create, import, and post journals 3. Configure journal approval rules
Ledgers and Accounting Setup	25%	- Budgetary Control and Encumbrance 1. Define encumbrance accounting rules 2. Enable budgetary control - Configure Ledgers 1. Set up calendars, currencies, and accounting conventions 2. Configure ledger options and subledger accounting rules 3. Define primary and secondary ledgers
Period Close and Financial Reporting	20%	- Perform Period Close 1. Execute period close processes 2. Manage accounting periods 3. Reconcile balances - Financial Reporting 1. Use Smart View for analysis 2. Create and run financial reports 3. Analyze budgets versus actuals

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

Question #1

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A. Share the same value set for the company and intercompany segments.
B. Create two different value sets for the company and intercompany segments.
C. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
D. Define the intercompany segment with a default value.

Reveal Solution Discussion 0

Correct Answer: A 🗳️