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Step into your Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam with absolute certainty. Actual4Labs equips you with 52 relevant 1z0-1054-23 practice questions, backed by a robust 2026 update policy to reflect any vendor changes.
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2023 Implementation Professional |
| Exam Number: | 1Z0-1054-23 |
| Real Exam Qty: | 50-60 |
| Available Languages: | English |
| Exam Price: | $245 USD (varies by country/region) |
| Exam Format: | Multiple Response, Multiple Choice |
| Related Certifications: | Oracle Financials Cloud: Fixed Assets Implementation Professional Oracle Financials Cloud: Accounts Payable Implementation Professional Oracle Financials Cloud: Accounts Receivable Implementation Professional |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or test center delivery via Pearson VUE |
| Pre Condition: | Recommended: experience with Oracle Financials Cloud and basic accounting knowledge. No mandatory prerequisite certification required. |
| Official Syllabus URL: | https://education.oracle.com |
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Analysis | - Financial Reporting
|
| Topic 2: Journal Processing | - Journal Creation and Posting
|
| Topic 3: General Ledger Setup | - Enterprise Structure Configuration
|
| Topic 4: Subledger Accounting | - Accounting Rules
|
| Topic 5: Period Close Process | - Close Activities
|
The 1z0-1054-23 exam is a core requirement for the Oracle Financials Cloud Implementation Professional certification at the Professional level. Earning this validates your skills for credentials like Oracle Financials Cloud: Accounts Payable Implementation Professional, Oracle Financials Cloud: Accounts Receivable Implementation Professional, Oracle Financials Cloud: Fixed Assets Implementation Professional.
Candidates will face 50-60 questions and have 90 minutes to complete the exam. This means you need strict time management. We strongly recommend taking timed practice tests to ensure you can maintain a steady pace without rushing when under actual exam time pressure.
Candidate requirements include: Recommended: experience with Oracle Financials Cloud and basic accounting knowledge. No mandatory prerequisite certification required.. Please verify all eligibility details on the official certification page before scheduling your appointment.
Registration is handled through official testing partners. The exam is delivered via Online proctored or test center delivery via Pearson VUE. You can sign up here:
The vendor suggests following official learning paths to build a foundational understanding:
Once you complete your training, use the 52 practice questions from Actual4Labs to refine your exam readiness.
Absolutely. A free PDF demo is available for you to evaluate the quality of our questions. Once purchased, you receive 365 days of free updates. If your access expires, you can renew it at a 50% discount to keep your materials current.
Your 1z0-1054-23 practice materials are delivered instantly. You can download them right away, and a copy will be sent to your email within one minute (contact support if not received in 2 hours). You can install the software on an unlimited number of computers. We also offer a 100% Money Back Guarantee: if you fail the corresponding exam within 60 days of purchase, you can claim a full refund. To apply, submit your enrollment slip and official Score Report PDF within 2 days after taking the test (processing takes up to 7 days). Note: failures within 3 days of purchase, downloaded but unattempted exams, free materials, and expired orders are excluded. The payer's name must match the candidate's name. Alternatively, you can exchange your order for two free exams of equal value and keep the original product's updates.
The syllabus is divided into 5 main domains. Key areas include "Journal Processing", "Reporting and Analysis", "General Ledger Setup". For a comprehensive breakdown of all measured skills, please review the complete exam outline table provided above.
Task3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values
Correct Answer:
See the Explanation for the complete Solution.
Explanation
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Chart of Accounts Mapping
Select the source chart of accounts (UK) and the target chart of accounts (CA) that you want to map.
Click on the Segment Rules tab to define the segment mapping rules. Enter the following information for each segment:
Segment Number: 1
Segment Name: Company
Mapping Type: Value
Source Value: *
Target Value: *
Segment Number: 2
Segment Name: LoB
Mapping Type: Value
Source Value: *
Target Value: *
Segment Number: 3
Segment Name: Account
Mapping Type: Range
Source From Value: 1000
Source To Value: 1999
Target Value: 11101
Mapping Type: Range
Source From Value: 2000
Source To Value: 2999
Target Value: 22100
Mapping Type: Range
Source From Value: 3000
Source To Value: 3999
Target Value: 34000
Mapping Type: Range
Source From Value: 4000
Source To Value: 4999
Target Value: 42000
Mapping Type: Range
Source From Value: 5000
Source To Value: 99999999
Target Value: 51100
Segment Number: 4
Segment Name: Cost Center
Mapping Type: Value
Source Value: 0
Target Value: Balance Sheet
Mapping Type: Value
Source Value: 000
Target Value: Balance Sheet
Mapping Type: Value
Source Value: *
Target Value: 610
Segment Number: 5
Segment Name: Product
Mapping Type: Value
Source Value: *
Target Value: *
Segment Number: 6
Segment Name: Intercompany
Mapping Type: Value
Source Value: *
Target Value: *
Click on the Save and Close button to save the segment mapping rules.
You have successfully created a Chart of Accounts mapping for the given scenario.
For more information, you can refer to the following resources:
Overview of the Chart of Accounts Mapping Page
Chart of Accounts Structures and Instances
How To Create A Chart Of Accounts Mapping For A Secondary Ledger
How To Bulk Upload The Mapping Rules In "Manage Chart of Accounts Mapping" Centralized Management of Chart of Accounts Configurations
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?
Correct Answer: C,E 🗳️
Explanation: Only visible for Actual4Labs members. You can sign-up / login (it's free).
In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
Correct Answer: D,E 🗳️
Explanation: Only visible for Actual4Labs members. You can sign-up / login (it's free).
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?
Correct Answer: A,C 🗳️
Explanation: Only visible for Actual4Labs members. You can sign-up / login (it's free).
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?
Correct Answer: A 🗳️
Explanation: Only visible for Actual4Labs members. You can sign-up / login (it's free).
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