Oracle Financials Cloud: General Ledger 2023 Implementation Professional

Here you have the best Oracle 1z0-1054-23 practice exam questions

You have 24 total questions to study from
Each page has 5 questions, making a total of 5 pages
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This questions were last updated on October 28, 2025
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Question 1 of 24

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

Historical rates are converted into an average rate (original and new rate).

The existing historical rate is deleted.

Nothing, existing historical rates are not updated.

The historical rate is replaced.

Correct Answer: D

Question 2 of 24

Which two statements are true about infotiles and infolets? (Choose two.)

You can refresh infolets to see up-to-date data.

Infotiles pull data from a Smart View analysis.

Infolets are accessed only from the News Feed home page layout.

You can create your own user-defined infolets.

Infotiles have Front view, Back view, and Expanded view.

Correct Answer: A, D

Question 3 of 24

A new cloud customer has designed a worldwide chart of accounts as follows:
Company (2 CHAR: Primary Balancing segment) — Department (3 CHAR: Cost Center) — Account (4 CHAR: Natural Account) — subAccount (4 CHAR: no label)
The project team has defined a new cross-validation combination set as follows:
Exam 1z0-1054-23: Question 3 - Image 1

The have loaded only the following data into the set:
Exam 1z0-1054-23: Question 3 - Image 2

They have completed all other setup steps. Which two new draft account code combinations will be created and added to the GL Code Combination table? (Choose two.)

03-120-1111-0001

01-110-1112-0001

02-120-1110-0001

03-111-1113-0001

02-110-1110-0001

Correct Answer: B, E

Question 4 of 24

Which two statements are true about balances cubes in General Ledger? (Choose two.)

They are updated automatically when the Translation process is run.

They are updated automatically when the General Ledger period is opened.

A new balances cube is created for a unique combination of ledger and currency.

New dimensions can be added to a General Ledger balances cube.

They are updated automatically when the Revaluation process is run.

Manage Chart of Accounts Structure and Instance

Correct Answer: A, C

Question 5 of 24

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?

Ledger-level rule

Legal entity-level rule

Chart of accounts rule

Primary balancing segment rule

Correct Answer: C