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Updated: Jul 30, 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 (varies by country/region) |
| Real Exam Qty: | 50-60 |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Response |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Financials Cloud: Accounts Payable Implementation Professional Oracle Financials Cloud: Accounts Receivable Implementation Professional Oracle Financials Cloud: Fixed Assets Implementation Professional |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1z0-1054-23 Sample Questions |
| Exam Way: | Online proctored or test center delivery via Pearson VUE |
| Pre Condition: | Recommended: experience with Oracle Financials Cloud and basic accounting knowledge. No mandatory prerequisite certification required. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Reporting and Analysis | - Financial Reporting
|
| General Ledger Setup | - Accounting Configuration
|
| Subledger Accounting | - Subledger to GL Integration
|
| Period Close Process | - Close Activities
|
| Journal Processing | - Journal Creation and Posting
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
1. Which two statements are true about the Intercompany Reconciliation report?
A) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
B) It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
C) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
D) It displays all clearing company balancing lines for a period.
E) It displays the intercompany receivables and intercompany payables balances in summary for a period.
2. 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) Basis
B) Target
C) Offset
D) Source
E) Allocation Range
3. Which two statements are true about infotiles and infolets?
A) Infotiles have Front view. Back view, and Expanded view.
B) You can refresh infolets to see up-to-date data.
C) Infolets are accessed only from the News Feed home page layout.
D) You can create your own user-defined infolets.
E) Infotiles pull data from a Smart View analysis.
4. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
A) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
B) Each product has its own Intercompany Accounting feature that needs to be configured separately.
C) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
D) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
5. Which delivered role can access the full functionality of Functional Setup Manager?
A) IT Security Manager
B) Application Implementation Consultant
C) Functional Setup Manager Superuser
D) Application Implementation Manager
E) Any functional user
Solutions:
| Question # 1 Answer: C,E | Question # 2 Answer: D | Question # 3 Answer: A,B | Question # 4 Answer: A,B | Question # 5 Answer: D |
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