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 Premium Dumps
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A certification from Oracle still turns heads on a resume. The 1z0-1054-23 exam is your way in, and FreeCram gives you 52 practice questions aligned with the Oracle Financials Cloud: General Ledger 2023 Implementation Professional objectives to get you there.
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 Format: | Multiple Response, Multiple Choice |
| Exam Duration: | 90 minutes |
| Exam Price: | $245 USD (varies by country/region) |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud: Accounts Payable Implementation Professional Oracle Financials Cloud: Accounts Receivable Implementation Professional Oracle Financials Cloud: Fixed Assets Implementation Professional |
| Real Exam Qty: | 50-60 |
| 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 |
|---|---|
| Topic 1: Period Close Process | - Close Activities
|
| Topic 2: Subledger Accounting | - Accounting Rules
|
| Topic 3: Journal Processing | - Journal Creation and Posting
|
| Topic 4: General Ledger Setup | - Accounting Configuration
|
| Topic 5: Reporting and Analysis | - Financial Reporting
|
Common Questions About the Oracle 1z0-1054-23 Exam
The 1z0-1054-23 exam is the official exam behind the Oracle Financials Cloud Implementation Professional credential from Oracle. It sits at the Professional level of the Oracle certification track. It is also associated with Oracle Financials Cloud: Accounts Payable Implementation Professional, Oracle Financials Cloud: Accounts Receivable Implementation Professional, Oracle Financials Cloud: Fixed Assets Implementation Professional. The FreeCram practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.
The 1z0-1054-23 exam contains 50-60 questions and gives you 90 minutes to complete them. That pace leaves little room for getting stuck, so train yourself to flag a hard question, move on, and circle back later. Run at least one full timed session in the FreeCram test engine a week before your exam date to check whether your pacing holds under pressure.
Recommended: experience with Oracle Financials Cloud and basic accounting knowledge. No mandatory prerequisite certification required.
Requirements can change, so confirm the latest details on the official Oracle exam page before you register.
You can book the 1z0-1054-23 exam through the following official channels:
The exam is delivered Online proctored or test center delivery via Pearson VUE, so pick the option that suits you when booking.
Oracle points candidates to these official courses:
Once you have worked through the official material, wrap up your preparation with the 52 practice questions from FreeCram to lock in what you have learned.
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The 1z0-1054-23 syllabus is divided into 5 domains, including Journal Processing, General Ledger Setup, and Period Close Process. The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
Question 1
Which two statements are true about infotiles and infolets?
A. Infolets are accessed only from the News Feed home page layout.
B. Infotiles pull data from a Smart View analysis.
C. You can create your own user-defined infolets.
D. You can refresh infolets to see up-to-date data.
E. Infotiles have Front view. Back view, and Expanded view.
Question 2
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.
Question 3
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. Receivables
B. Assets
C. Revenue Management
D. Order Management
E. Receipt accounting
Question 4
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. The historical rate is replaced.
B. Historical rates are converted into an average rate (original and new rate).
C. Nothing, existing historical rates are not updated.
D. The existing historical rate is deleted.
Question 5
When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?
A. when there is a many-to-many journal and you want to use a clearing company
B. when the journal is balanced by second balancing segment value
C. when the journal is not balanced by the primary balancing segment value (BSV)
D. when the journal is balanced by the primary BSV but not by second or third BSV
Solutions:
| Question 1 Answer: D,E | Question 2 Answer: Only visible for members | Question 3 Answer: A,B,E | Question 4 Answer: A | Question 5 Answer: D |
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