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Download Oracle : 1z0-1054-23 Questions & Answers as PDF & Test Software

Last Updated: Sep 06, 2026

No. of Questions: 52 Questions & Answers with Testing Engine

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Reading notes is one thing; performing under exam conditions is another. The TestSimulate test engines recreate the pace and pressure of the 1z0-1054-23 exam environment with timed practice modes, and the 52 Oracle Financials Cloud: General Ledger 2023 Implementation Professional practice questions give you a full rehearsal before exam day.

Oracle 1z0-1054-23 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Exam Number:1Z0-1054-23
Certificate Validity Period:Version-specific, subject to Oracle Cloud recertification policy
Exam Format:Multiple Choice, Hands-on Performance-Based
Exam Price:$245 USD
Real Exam Qty:50-52
Passing Score:75%
Available Languages:English
Exam Duration:90 minutes
Related Certifications:Oracle Fusion Cloud Financials Implementation Professional
Recommended Training:Oracle Financials Cloud: General Ledger Implementation Training
Exam Registration:Oracle University Exam Registration
Pearson VUE Scheduling
Sample Questions:Oracle 1z0-1054-23 Sample Questions
Exam Way:Online proctored via Pearson VUE or in-person at authorized test centers
Pre Condition:No mandatory prerequisites; Oracle recommends hands-on implementation experience with Oracle Financials Cloud General Ledger
Official Syllabus URL:https://education.oracle.com/ouexam-pexam_1z0-1054-23

Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionWeightObjectives
Enterprise and Financial Reporting Structures20%- Configure Enterprise Structures
  • 1. Set up chart of accounts structure and instances
    • 2. Define legal entities and business units
      • 3. Configure segment labels and value sets
        - Configure Financial Reporting Structures
        • 1. Define reporting views and dimensions
          • 2. Create accounting hierarchies
            Ledgers and Accounting Setup25%- Configure Ledgers
            • 1. Define primary and secondary ledgers
              • 2. Configure ledger options and subledger accounting rules
                • 3. Set up calendars, currencies, and accounting conventions
                  - Budgetary Control and Encumbrance
                  • 1. Enable budgetary control
                    • 2. Define encumbrance accounting rules
                      Journal Processing and Approval20%- Manage Journals
                      • 1. Configure journal approval rules
                        • 2. Create, import, and post journals
                          • 3. Define allocation and recurring journals
                            Intercompany Accounting15%- Configure Intercompany
                            • 1. Set up intercompany balancing rules
                              • 2. Enable intercompany invoicing
                                • 3. Process intercompany transactions and reconciliation
                                  Period Close and Financial Reporting20%- Financial Reporting
                                  • 1. Use Smart View for analysis
                                    • 2. Create and run financial reports
                                      • 3. Analyze budgets versus actuals
                                        - Perform Period Close
                                        • 1. Reconcile balances
                                          • 2. Execute period close processes
                                            • 3. Manage accounting periods

                                              Common Questions About the Oracle 1z0-1054-23 Exam

                                              The 1z0-1054-23 exam is the official Oracle exam behind Oracle Financials Cloud: General Ledger 2023 Implementation Professional — passing it earns you the Oracle Financials Cloud: General Ledger 2023 Certified Implementation Professional certification, a credential positioned at the Professional level. It is built for candidates who want to validate the skills measured by Oracle Financials Cloud: General Ledger 2023 Implementation Professional. Depending on your track, the exam is also linked to the Oracle Fusion Cloud Financials Implementation Professional certification, so one pass can move you toward more than one Oracle credential.

                                              The 1z0-1054-23 exam presents 50-52 questions to be completed within 90 minutes. That pace leaves little room for second-guessing: read each question carefully on the first pass, flag the ones you want to revisit, and keep moving instead of stalling on a single item. Before exam day, run at least one full timed session in the TestSimulate desktop or online test engine with a comparable question load — a steady rhythm under the clock is a trainable skill, and it is often what separates a pass from a near miss.

                                              To pass the 1z0-1054-23 exam you need 75%, and the official registration fee is $245 USD. Keep in mind that a failed attempt means paying that fee again in full — retakes are not discounted. Given the cost, self-test before you book: if you can score comfortably above the passing mark on two or three consecutive timed TestSimulate practice tests, your budget is far better spent on the exam itself than on a retake.

                                              No mandatory prerequisites; Oracle recommends hands-on implementation experience with Oracle Financials Cloud General Ledger Because Oracle revises its certification programs from time to time, treat this as a starting point rather than the final word. Confirm the current eligibility requirements on the official Oracle exam page before you register.

                                              Registration for the 1z0-1054-23 exam is handled through the official channels below:

                                              Delivery method: Online proctored via Pearson VUE or in-person at authorized test centers — pick the option that suits you best when booking your slot.

                                              Oracle points Oracle Financials Cloud: General Ledger 2023 Implementation Professional candidates toward the following official courses:

                                              Official courses build the foundation; pairing them with the 52 1z0-1054-23 practice questions from TestSimulate turns that knowledge into exam-day readiness.

                                              Yes. A free PDF demo of the 1z0-1054-23 practice questions is available, so you can check the question style and answer quality before spending anything. Every purchase also includes 365 days of free updates — whenever Oracle adjusts the Oracle Financials Cloud: General Ledger 2023 Implementation Professional blueprint, your material is refreshed at no cost during that period. After the first year, you can extend the update service at a 50% discount from your member zone.

                                              TestSimulate backs your purchase with a 100% Money Back Guarantee. If you take the corresponding exam within 60 days of purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip together with the official Score Report PDF within 2 days of your exam date; approved claims are processed within 7 days. The guarantee applies only to the exam matching your purchase, the candidate name must match the payer name, and it does not cover attempts taken within 3 days of purchase, candidates who downloaded the material but never sat the exam, expired orders, or free materials. If you would rather keep preparing, you can exchange the product for two free exam preparation packages of equal value and keep the update service on your original purchase.

                                              Delivery is instant: your download is available right after payment, and a copy is emailed to you within one minute. If nothing arrives within 2 hours, check your spam folder and contact our support team. There is no limit on the number of computers you can install the software on.

                                              The Oracle Financials Cloud: General Ledger 2023 Implementation Professional syllabus is organized into 5 domains. Among the headline areas are Period Close and Financial Reporting (20%), Intercompany Accounting (15%), Ledgers and Accounting Setup (25%). Rather than copying every subtopic here, we keep the complete, current outline in the Exam Topics section above — work through it domain by domain with the TestSimulate 1z0-1054-23 practice questions so nothing on the blueprint catches you off guard.

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

                                              Question #1

                                              You are planning to create an Income Statement using Smart View.
                                              Which Smart View tool should you use for this?

                                              • A. Query Designer
                                              • B. Smart Queries
                                              • C. Ad Hoc Analysis
                                              • D. Smart Slices
                                              Answer: C

                                              Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

                                              Question #2

                                              You are using account hierarchies for reporting and allocations.
                                              Which two statements are true about these types of hierarchies? (Choose two.)

                                              • A. Child values in these hierarchies can belong to only one parent.
                                              • B. You can have only one version of a hierarchy published to the Essbase cube at any time.
                                              • C. Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
                                              • D. Hierarchies for reporting and allocations have to be published to Essbase cubes.
                                              Answer: A,B

                                              Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

                                              Question #3

                                              When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

                                              • A. when the journal is balanced by the primary BSV but not by second or third BSV
                                              • B. when the journal is balanced by second balancing segment value
                                              • C. when there is a many-to-many journal and you want to use a clearing company
                                              • D. when the journal is not balanced by the primary balancing segment value (BSV)
                                              Answer: A

                                              Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

                                              Question #4

                                              Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
                                              What should you do to allow access to the ledger?

                                              • A. Assign the General Accounting Manager role to those users.
                                              • B. Create a data access set that allows access to the UK Ledger.
                                              • C. Assign the UK reference set to the user/role combination.
                                              • D. Assign the security context value of UK Ledger to the user/role combination.
                                              Answer: B

                                              Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

                                              Question #5

                                              Which two are valid Data Access Set types? (Choose two.)

                                              • A. Read Only access
                                              • B. Full access
                                              • C. Full Ledger
                                              • D. Read and Write access
                                              • E. Primary Balancing Segment Value
                                              Answer: A,B

                                              Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

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