- Exam Code: 1z0-1054-23
- Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
- Updated: Aug 11, 2026
- Q & A: 52 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Period Close and Financial Reporting | 20% | - Financial Reporting
|
| Topic 2: Journal Processing and Approval | 20% | - Manage Journals
|
| Topic 3: Ledgers and Accounting Setup | 25% | - Configure Ledgers
|
| Topic 4: Intercompany Accounting | 15% | - Configure Intercompany
|
| Topic 5: Enterprise and Financial Reporting Structures | 20% | - Configure Financial Reporting Structures
|
1. Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)
A) Reports and Analytics
B) Enterprise Performance Management Workspace
C) Business Process Management Workspace
D) Universal Content Management Workspace
E) Scheduled Processes
2. 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) Receipt accounting
B) Order Management
C) Receivables
D) Revenue Management
E) Assets
3. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
A) Data is summarized across segments that are not mapped to Hyperion Financial Management.
B) No data is transferred.
C) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
D) The unmapped segments default to future use segments in Hyperion Financial Management.
4. 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.
5. 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) Third Party Control Account
B) End Date
C) Reconcile
D) Start Date
E) Financial Category
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: A,C,E | Question # 3 Answer: A | Question # 4 Answer: Only visible for members | Question # 5 Answer: E |
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