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Updated: Sep 11, 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 |
| Passing Score: | 75% |
| Exam Duration: | 90 minutes |
| Exam Format: | Multiple Choice, Hands-on Performance-Based |
| Certificate Validity Period: | Version-specific, subject to Oracle Cloud recertification policy |
| Exam Price: | $245 USD |
| Related Certifications: | Oracle Fusion Cloud Financials Implementation Professional |
| Real Exam Qty: | 50-52 |
| Available Languages: | English |
| Recommended Training: | Oracle Financials Cloud: General Ledger Implementation Training |
| Exam Registration: | Pearson VUE Scheduling Oracle University Exam Registration |
| Sample Questions: | Oracle 1z0-1054-23 Sample Questions |
| Exam Way: | Online proctored via Pearson VUE or in-person at authorized test centers |
| Pre Condition: | No mandatory prerequisites; Oracle recommends hands-on implementation experience with Oracle Financials Cloud General Ledger |
| Official Syllabus URL: | https://education.oracle.com/ouexam-pexam_1z0-1054-23 |
Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Intercompany Accounting | 15% | - Configure Intercompany
|
| Topic 2: Period Close and Financial Reporting | 20% | - Financial Reporting
|
| Topic 3: Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
|
| Topic 4: Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
| Topic 5: Journal Processing and Approval | 20% | - Manage Journals
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
- A. Secondary ledger with the IFRS accounting convention
- B. Reporting currency with the IFRS accounting convention
- C. Primary ledger with the local accounting convention
- D. Reporting currency with the local accounting convention
- E. Primary ledger with the IFRS accounting convention
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Which delivered role can access the full functionality of Functional Setup Manager?
- A. Application Implementation Consultant
- B. Any functional user
- C. IT Security Manager
- D. Functional Setup Manager Superuser
- E. Application Implementation Manager
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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 there is a many-to-many journal and you want to use a clearing company
- C. when the journal is balanced by second balancing segment value
- D. when the journal is not balanced by the primary balancing segment value (BSV)
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A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
- A. Adjustment only level
- B. FBDI level
- C. Balance level
- D. Subledger level
- E. Journal level
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On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)
- A. Order Management
- B. Receipt accounting
- C. Receivables
- D. Revenue Management
- E. Assets
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