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

Exam Code: 1z0-1054-23
Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Updated: Sep 08, 2026
Q & A: 52 Questions and Answers

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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

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

Question #1

Which two statements are true regarding the Translation process? (Choose two.)

A. If necessary, before submitting the Translation process, the Revaluation process should be completed.
B. The Translation process should be run before posting Period Close adjustment entries.
C. The Translation process can only be used to translate balance sheet accounts.
D. The Translation process can only be used for translating the balances of Secondary ledgers.
E. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.

Answer: A,E