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- Exam Code: 1z0-1054-23
- Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
- Updated: Sep 10, 2026
- Q & A: 52 Questions and Answers
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Oracle 1z0-1054-23 dumps - Testing Engine
- Exam Code: 1z0-1054-23
- Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
- Updated: Sep 10, 2026
- Q & A: 52 Questions and Answers
- Software Price: $59.99
- Testing Engine
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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Setup | - Enterprise Structure Configuration
|
| Period Close Process | - Close Activities
|
| Journal Processing | - Journal Creation and Posting
|
| Subledger Accounting | - Accounting Rules
|
| Reporting and Analysis | - Financial Reporting
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Question #1
You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?
- A. Redefine the location structure.
- B. Redefine the geography hierarchy.
- C. Define the Geography Validation for Country option to No Validation.
- D. Define the Geography Validation for Country option to Error.
Correct Answer: D 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
Question #2
Which two statements are true about balances cubes in General Ledger?
- A. A new balances cube is created for a unique combination of ledger and currency.
- B. New dimensions can be added to a General Ledger balances cube.
- C. They are updated automatically when the Revaluation process is run.
- D. They are updated automatically when the Translation process is run.
- E. They are updated automatically when the General Ledger period is opened.
Correct Answer: A,B 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
Question #3
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. Historical rates are converted into an average rate (original and new rate).
- B. The historical rate is replaced.
- C. Nothing, existing historical rates are not updated.
- D. The existing historical rate is deleted.
Correct Answer: B 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
Question #4
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
- A. Cost center
- B. Intercompany Segment
- C. Secondary Balancing
- D. Natural Account
- E. Primary Balancing
Correct Answer: A,D,E 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
Question #5
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. Target
- B. Offset
- C. Source
- D. Allocation Range
- E. Basis
Correct Answer: C 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
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