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

1z0-1054-23 actual test
  • Exam Code: 1z0-1054-23
  • Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
  • Updated: May 30, 2026
  • Q & A: 52 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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

1. A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?

A) Query Designer
B) Account Groups
C) Smart Queries
D) Smart Slices


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) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
C) Hierarchies for reporting and allocations have to be published to Essbase cubes.
D) You can have only one version of a hierarchy published to the Essbase cube at any time.


3. 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 security context value of UK Ledger to the user/role combination.
D) Assign the UK reference set to the user/role combination.


4. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A) Ledger-level rule
B) Legal entity-level rule
C) Chart of accounts rule
D) Primary balancing segment rule


5. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A) Budgeting is not enabled in the Ledger options.
B) Transfer Budget Balances to Budget Cubes has not been run.
C) A value for the budget scenario is not created.
D) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
E) The Create Scenario Dimension Members program has not been run.


Solutions:

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

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