Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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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 Duration: | 90 minutes |
| Real Exam Qty: | 50 |
| Passing Score: | 68% |
| Certificate Validity Period: | Oracle Cloud certifications are typically valid for the corresponding product release cycle |
| Related Certifications: | Oracle Cloud ERP Financials Oracle Financials Cloud Certification |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored exam or test center delivery through Oracle Certification program. |
| Pre Condition: | Oracle recommends implementation experience with Oracle Financials Cloud General Ledger and related ERP Financials modules. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Data Access | - Access Management
|
| Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Intercompany Accounting | - Intercompany Processing
|
| Ledger Configuration | - Ledger Management
|
| Budgeting and Allocations | - Financial Planning
|
| Journal Processing | - Journal Management
|
| Period Close and Financial Reporting | - Close and Reporting Activities
|
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Exam: Common Questions
Oracle recommends these training resources for the Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam:
Follow the training with steady self-testing — the 52 practice questions from Prep4away help you apply theory and fill any gaps the training leaves.
The Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam contains 50 to complete within 90 minutes. Timed simulation in the Prep4away Desktop Test Engine teaches that rhythm before exam day does.
The official Oracle Financials Cloud: General Ledger 2023 Implementation Professional outline defines 7 domains. The leading three are Ledger Configuration, Enterprise Structure and General Ledger Setup, and Journal Processing. The full list is in the topics section above, and Prep4away's 52 practice questions cover each one.
The 1z0-1054-23 exam is a Oracle certification exam validating the Oracle Financials Cloud: General Ledger 2023 Implementation Professional syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud Certification, Oracle Cloud ERP Financials. Earning the credential in 2026 can strengthen a career, and Prep4away prepares candidates with 52 practice questions in PDF, Desktop Test Engine, and Online Test Engine formats.
Online proctored exam or test center delivery through Oracle Certification program. Register for the Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam through these official channels:
After booking, Prep4away delivers your practice questions within 1 minute — preparation starts the same day.
The Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam requires 68% to pass, and registration costs $245 USD. A failed attempt means paying the same fee again — a readiness check with the Prep4away engines before booking is the cheaper option.
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows that simulates the real exam with two practice modes and works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. Download the demo first, experience the materials, and choose the format you like best — all 52 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
Prep4away issues a full refund if you take the Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.
Oracle recommends implementation experience with Oracle Financials Cloud General Ledger and related ERP Financials modules. Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?
- A. Share the same value set for the company and intercompany segments.
- B. Create two different value sets for the company and intercompany segments.
- C. Define the intercompany segment with a default value.
- D. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
Correct Answer: A 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
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. Trial Balance report
- B. Financial Reporting Web Studio report
- C. Account group
- D. OTBI report
Correct Answer: B 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
Task3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values
Correct Answer:
See the Explanation for the complete Solution.
Explanation
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Chart of Accounts Mapping
Select the source chart of accounts (UK) and the target chart of accounts (CA) that you want to map.
Click on the Segment Rules tab to define the segment mapping rules. Enter the following information for each segment:
Segment Number: 1
Segment Name: Company
Mapping Type: Value
Source Value: *
Target Value: *
Segment Number: 2
Segment Name: LoB
Mapping Type: Value
Source Value: *
Target Value: *
Segment Number: 3
Segment Name: Account
Mapping Type: Range
Source From Value: 1000
Source To Value: 1999
Target Value: 11101
Mapping Type: Range
Source From Value: 2000
Source To Value: 2999
Target Value: 22100
Mapping Type: Range
Source From Value: 3000
Source To Value: 3999
Target Value: 34000
Mapping Type: Range
Source From Value: 4000
Source To Value: 4999
Target Value: 42000
Mapping Type: Range
Source From Value: 5000
Source To Value: 99999999
Target Value: 51100
Segment Number: 4
Segment Name: Cost Center
Mapping Type: Value
Source Value: 0
Target Value: Balance Sheet
Mapping Type: Value
Source Value: 000
Target Value: Balance Sheet
Mapping Type: Value
Source Value: *
Target Value: 610
Segment Number: 5
Segment Name: Product
Mapping Type: Value
Source Value: *
Target Value: *
Segment Number: 6
Segment Name: Intercompany
Mapping Type: Value
Source Value: *
Target Value: *
Click on the Save and Close button to save the segment mapping rules.
You have successfully created a Chart of Accounts mapping for the given scenario.
For more information, you can refer to the following resources:
Overview of the Chart of Accounts Mapping Page
Chart of Accounts Structures and Instances
How To Create A Chart Of Accounts Mapping For A Secondary Ledger
How To Bulk Upload The Mapping Rules In "Manage Chart of Accounts Mapping" Centralized Management of Chart of Accounts Configurations
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
- A. The original journal entry in Euros remains the same.
- B. You have an unrealized exchange loss recorded.
- C. The original journal entry in Euros is updated.
- D. You have an unrealized exchange gain recorded.
- E. There is no unrealized exchange gain or loss calculated.
Correct Answer: B,D 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
Which delivered role can access the full functionality of Functional Setup Manager?
- A. Application Implementation Consultant
- B. Functional Setup Manager Superuser
- C. Any functional user
- D. IT Security Manager
- E. Application Implementation Manager
Correct Answer: E 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
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