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Exam Code: 1z0-1054-23
Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Updated: Aug 16, 2026
Q & A: 52 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Intercompany Accounting | 15% | - Configure Intercompany
|
| Journal Processing and Approval | 20% | - Manage Journals
|
| Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
| Period Close and Financial Reporting | 20% | - Perform Period Close
|
| Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
|
1. In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
A) They can format certain tables by hiding and showing columns, moving columns, and resizing columns
B) They can use "+" under the Apps section of the News Feed homepage
C) Users have very little control configuring their Springboards and Work Areas; they can only resize columns
D) They can have the System Administrator configuring pages for them using Page Composer
2. 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) Subledger level
B) Journal level
C) Adjustment only level
D) Balance level
E) FBDI level
3. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)
A) You can have only one version of a hierarchy published to the Essbase cube at any time.
B) Hierarchies for reporting and allocations have to be published to Essbase cubes.
C) Child values in these hierarchies can belong to only one parent.
D) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
4. Which two are valid Data Access Set types? (Choose two.)
A) Full access
B) Read Only access
C) Read and Write access
D) Full Ledger
E) Primary Balancing Segment Value
5. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?
A) OTBI report
B) Financial Reporting Web Studio report
C) Account group
D) Trial Balance report
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: C | Question # 3 Answer: A,C | Question # 4 Answer: A,B | Question # 5 Answer: B |
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