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

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Oracle 1z0-1054-23 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Period Close and Financial Reporting	20%	- Perform Period Close 1. Reconcile balances 2. Manage accounting periods 3. Execute period close processes - Financial Reporting 1. Analyze budgets versus actuals 2. Use Smart View for analysis 3. Create and run financial reports
Topic 2: Enterprise and Financial Reporting Structures	20%	- Configure Financial Reporting Structures 1. Define reporting views and dimensions 2. Create accounting hierarchies - Configure Enterprise Structures 1. Set up chart of accounts structure and instances 2. Configure segment labels and value sets 3. Define legal entities and business units
Topic 3: Ledgers and Accounting Setup	25%	- Configure Ledgers 1. Configure ledger options and subledger accounting rules 2. Define primary and secondary ledgers 3. Set up calendars, currencies, and accounting conventions - Budgetary Control and Encumbrance 1. Define encumbrance accounting rules 2. Enable budgetary control
Topic 4: Intercompany Accounting	15%	- Configure Intercompany 1. Enable intercompany invoicing 2. Process intercompany transactions and reconciliation 3. Set up intercompany balancing rules
Topic 5: Journal Processing and Approval	20%	- Manage Journals 1. Configure journal approval rules 2. Create, import, and post journals 3. Define allocation and recurring journals

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

Question #1

You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

A. Offset
B. Allocation Range
C. Basis
D. Target
E. Source

Answer: E