Oracle 1z0-1054-23 : Oracle Financials Cloud: General Ledger 2023 Implementation Professional

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Jun 01, 2026
  • Q & A: 52 Questions and Answers

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Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

1. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A) You can download the template only from the Manage Chart of Accounts Mappings page.
B) You can create, update, and delete account rules for a chart of accounts mapping.
C) It supports external integration using REST services.
D) You can create, update, and delete segment rules for a chart of accounts mapping.


2. Which two statements are true about the Intercompany Reconciliation report?

A) It displays all clearing company balancing lines for a period.
B) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
C) 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.
D) It displays the intercompany receivables and intercompany payables balances in summary for a period.
E) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.


3. 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 existing historical rate is deleted.
B) Historical rates are converted into an average rate (original and new rate).
C) Nothing, existing historical rates are not updated.
D) The historical rate is replaced.


4. You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A) by using the Manage General Ledger Security page.
B) by using Cross-Validation Rules Import file-based data import (FBDI).
C) by using the Manage Cross-Validation Rules page.
D) by creating Cross-Validation Rules desktop-integrated spreadsheet.


5. You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?

A) Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
B) Set the relevant option on the Specify Ledger Options page.
C) You don't have to do anything; this option is enabled automatically.
D) Opt in to the Prevent Period Close option for the offering.


Solutions:

Question # 1
Answer: B,D
Question # 2
Answer: B,D
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: B

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