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

  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: Sep 05, 2025
  • Q & A: 52 Questions and Answers

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

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

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


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


3. 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) Primary ledger with the local accounting convention
B) Secondary ledger with the IFRS accounting convention
C) Primary ledger with the IFRS accounting convention
D) Reporting currency with the local accounting convention
E) Reporting currency with the IFRS accounting convention


4. 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) You can create, update, and delete segment rules for a chart of accounts mapping.
D) It supports external integration using REST services.


5. You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

A) HZ_GEO_IDENTIFIER_SUBTYPE Lookup
B) Address Cleansing
C) Geocoding
D) Validation


Solutions:

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

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