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Updated: Aug 25, 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 |
| Exam Price: | $245 USD |
| Related Certifications: | Oracle Fusion Cloud Financials Implementation Professional |
| Exam Duration: | 90 minutes |
| Passing Score: | 75% |
| Available Languages: | English |
| Certificate Validity Period: | Version-specific, subject to Oracle Cloud recertification policy |
| Real Exam Qty: | 50-52 |
| Exam Format: | Multiple Choice, Hands-on Performance-Based |
| 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 |
|---|---|---|
| Intercompany Accounting | 15% | - Configure Intercompany
|
| Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
|
| Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
| Period Close and Financial Reporting | 20% | - Perform Period Close
|
| Journal Processing and Approval | 20% | - Manage Journals
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Question 1
Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:
Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.
Question 2
You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
A. Style template
B. Data model
C. Output type
D. Sub template
E. Layout template
Question 3
You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'
A. End Date
B. Reconcile
C. Start Date
D. Financial Category
E. Third Party Control Account
Question 4
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 existing historical rate is deleted.
C. The historical rate is replaced.
D. Historical rates are converted into an average rate (original and new rate).
Question 5
You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?
A. the transaction type
B. the transaction source
C. the transaction batch
D. the transaction category
Solutions:
| Question 1 Answer: Only visible for members | Question 2 Answer: B,E | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: A |
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