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Last Updated: Jul 28, 2026

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Oracle 1z0-1054-23 Practice Q&A's

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Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Journal Creation and Posting
  • 1. Journal approval workflow
    • 2. Manual and recurring journals
      - Journal Import and Integration
      • 1. Spreadsheet upload and external sources
        Topic 2: Period Close Process- Close Activities
        • 1. Reconciliation and adjustments
          • 2. Close monitoring and reporting
            Topic 3: General Ledger Setup- Accounting Configuration
            • 1. Ledger options configuration
              • 2. Accounting calendars and periods
                - Enterprise Structure Configuration
                • 1. Legal entities and ledgers setup
                  • 2. Chart of Accounts structure design
                    Topic 4: Subledger Accounting- Accounting Rules
                    • 1. Journal line rules and account derivation
                      - Subledger to GL Integration
                      • 1. Transfer to General Ledger
                        Topic 5: Reporting and Analysis- Financial Reporting
                        • 1. Smart View reporting
                          • 2. Financial statements generation

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

                            1. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

                            A) Financial Statement Generator
                            B) Financial Reporting Studio
                            C) Smart View
                            D) Account Inspector


                            2. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
                            What is Oracle's recommended practice when this occurs?

                            A) Enter another adjusting journal entry in the target currency to true up the balances.
                            B) Rerun Revaluation and then rerun Translation.
                            C) Rerun Translation and then reconsolidate your results.
                            D) Translate only the adjusting journal entry.


                            3. You need to add new transactional attributes to the journal approval notification in an implementation project.
                            Which two Business Intelligence catalog objects should you copy (or customize) and edit?

                            A) Data model
                            B) Style template
                            C) Sub template
                            D) Output type
                            E) Layout template


                            4. You have a requirement to have invoices generated for certain Intercompany transactions.
                            Where do you enable invoicing?

                            A) the transaction source
                            B) the transaction type
                            C) the transaction category
                            D) the transaction batch


                            5. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
                            Where do you reference the statistical balance within the allocation component?

                            A) Target
                            B) Offset
                            C) Basis
                            D) Source
                            E) Allocation Range


                            Solutions:

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

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