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Oracle 1z0-1054-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Subledger Accounting | - Accounting Rules
|
| Topic 2: General Ledger Setup | - Enterprise Structure Configuration
|
| Topic 3: Reporting and Analysis | - Financial Reporting
|
| Topic 4: Journal Processing | - Journal Creation and Posting
|
| Topic 5: Period Close Process | - Close Activities
|
Common Questions About the Oracle Financials Cloud: General Ledger 2023 Implementation Professional Exam
The Oracle Financials Cloud: General Ledger 2023 Implementation Professional (exam code 1z0-1054-23) is the exam you pass to earn the Oracle Financials Cloud Implementation Professional certification, a credential at the Professional level. It is also connected with related credentials such as Oracle Financials Cloud: Accounts Payable Implementation Professional, Oracle Financials Cloud: Accounts Receivable Implementation Professional, Oracle Financials Cloud: Fixed Assets Implementation Professional. If you are mapping out a certification path with Oracle, this exam is a milestone worth planning around.
The 1z0-1054-23 exam includes 50-60 questions, and you have 90 minutes to complete them. With that many questions on the clock, pacing is part of the challenge: divide your time into rough blocks as you go, and flag the items that stall you so you can circle back at the end instead of burning minutes on a single question. A week or two before your exam date, sit at least one full timed session in the ITCertMagic test engine under the same time limit, so the pace feels familiar rather than frantic on the day.
Recommended: experience with Oracle Financials Cloud and basic accounting knowledge. No mandatory prerequisite certification required.
Eligibility rules can be adjusted by Oracle over time, so before you register, confirm the current requirements on the official exam page: view the official 1z0-1054-23 exam information.
You can book the 1z0-1054-23 exam through the official registration channels below:
How the exam is taken: Online proctored or test center delivery via Pearson VUE.
Oracle lists the following official training options for candidates preparing for this exam:
Once you have worked through the training, measure your readiness with the 52 practice questions from ITCertMagic — they show you exactly which topics still need attention before you book the exam.
Yes. ITCertMagic offers a free PDF demo of the 1z0-1054-23 practice questions, so you can judge the quality of the material firsthand before paying anything. Every purchase also includes 365 days of free updates — if Oracle changes the exam during that year, your material changes with it. And when the free update period expires, you can extend it at a 50% discount from within your member zone.
Every 1z0-1054-23 purchase at ITCertMagic is backed by a 100% Money Back Guarantee: if you take the corresponding exam within 60 days of your purchase and do not pass, you can apply for a full refund. The guarantee has clear conditions — it does not apply if you sit the exam within 3 days of purchase, if you downloaded the material but never actually took the exam, or to free materials and expired orders, and the candidate name must match the payer name. To file a claim, send a scan of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam; claims are processed within 7 days. If you would rather not take a refund, you can exchange the product instead and receive two additional exam preparation products of equal value for free, while your original product keeps its update service. Delivery itself is instant: your material is available for download right after payment and is also sent to your email within one minute — if it has not arrived within 2 hours, contact our customer service. There is no limit on how many computers you can install it on.
The official Oracle Financials Cloud: General Ledger 2023 Implementation Professional outline divides the exam content into 5 main domains. The first three are:
- Journal Processing
- General Ledger Setup
- Reporting and Analysis
That is only the headline view — scroll back up to the Exam Topics section on this page for the complete domain-by-domain breakdown before you plan your study schedule.
Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?
- A. Adjustment only level
- B. Spreadsheet level
- C. Balances Level
- D. Subledger level
- E. Journal Level
Correct Answer: C 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
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. Infotiles pull data from a Smart View analysis.
- E. You can create your own user-defined infolets.
Correct Answer: A,B 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
- A. Secondary ledger with the IFRS accounting convention
- B. Reporting currency with the local accounting convention
- C. Primary ledger with the IFRS accounting convention
- D. Primary ledger with the local accounting convention
- E. Reporting currency with the IFRS accounting convention
Correct Answer: A,D 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
- A. Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
- B. The unmapped segments default to future use segments in Hyperion Financial Management.
- C. No data is transferred.
- D. Data is summarized across segments that are not mapped to Hyperion Financial Management.
Correct Answer: D 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
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. Order Management
- C. Receipt accounting
- D. Assets
- E. Revenue Management
Correct Answer: A,C,D 🗳️
Explanation: Only visible for ITCertMagic members. You can sign-up / login (it's free).
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