Prepare with latest Oracle 1z0-1054-23 Pass-King Actual Torrent

Last Updated: Oct 27, 2026

No. of Questions: 52 Questions & Answers with Testing Engine

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Reading notes is one thing; sitting a timed exam is another. The ActualTorrent test engines recreate the rhythm of the 1z0-1054-23 exam with timed practice sessions, so nothing on exam day feels unfamiliar. Combined with 52 practice questions, it is the closest rehearsal available in 2026.

Oracle 1z0-1054-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Period Close and Financial Reporting20%- Perform Period Close
  • 1. Execute period close processes
    • 2. Manage accounting periods
      • 3. Reconcile balances
        - Financial Reporting
        • 1. Analyze budgets versus actuals
          • 2. Create and run financial reports
            • 3. Use Smart View for analysis
              Topic 2: Enterprise and Financial Reporting Structures20%- Configure Enterprise Structures
              • 1. Define legal entities and business units
                • 2. Configure segment labels and value sets
                  • 3. Set up chart of accounts structure and instances
                    - Configure Financial Reporting Structures
                    • 1. Define reporting views and dimensions
                      • 2. Create accounting hierarchies
                        Topic 3: Ledgers and Accounting Setup25%- Configure Ledgers
                        • 1. Set up calendars, currencies, and accounting conventions
                          • 2. Define primary and secondary ledgers
                            • 3. Configure ledger options and subledger accounting rules
                              - Budgetary Control and Encumbrance
                              • 1. Define encumbrance accounting rules
                                • 2. Enable budgetary control
                                  Topic 4: Journal Processing and Approval20%- Manage Journals
                                  • 1. Configure journal approval rules
                                    • 2. Define allocation and recurring journals
                                      • 3. Create, import, and post journals
                                        Topic 5: Intercompany Accounting15%- Configure Intercompany
                                        • 1. Set up intercompany balancing rules
                                          • 2. Process intercompany transactions and reconciliation
                                            • 3. Enable intercompany invoicing

                                              Common Questions About the Oracle Financials Cloud: General Ledger 2023 Implementation Professional Exam

                                              The Oracle Financials Cloud: General Ledger 2023 Implementation Professional (exam code 1z0-1054-23) is the exam you pass to earn the Oracle Financials Cloud: General Ledger 2023 Certified Implementation Professional certification, a credential at the Professional level. It is also connected with related credentials such as Oracle Fusion Cloud Financials Implementation Professional. If you are mapping out a certification path with Oracle, this exam is a milestone worth planning around.

                                              The 1z0-1054-23 exam includes 50-52 questions, and you have 90 minutes to complete them. With that many questions on the clock, pacing is part of the challenge: divide your time into rough blocks as you go, and flag the items that stall you so you can circle back at the end instead of burning minutes on a single question. A week or two before your exam date, sit at least one full timed session in the ActualTorrent test engine under the same time limit, so the pace feels familiar rather than frantic on the day.

                                              You need 75% to pass the 1z0-1054-23 exam, and the official registration fee is $245 USD. That fee is due again in full for every retake, which makes thorough preparation the cheaper investment by far. Before you book your seat, test yourself with the ActualTorrent practice questions until you are scoring comfortably above the passing mark on a consistent basis — it is the simplest way to avoid paying for the same exam twice.

                                              No mandatory prerequisites; Oracle recommends hands-on implementation experience with Oracle Financials Cloud General Ledger

                                              Eligibility rules can be adjusted by Oracle over time, so before you register, confirm the current requirements on the official exam page: view the official 1z0-1054-23 exam information.

                                              You can book the 1z0-1054-23 exam through the official registration channels below:

                                              How the exam is taken: Online proctored via Pearson VUE or in-person at authorized test centers.

                                              Oracle lists the following official training options for candidates preparing for this exam:

                                              Once you have worked through the training, measure your readiness with the 52 practice questions from ActualTorrent — they show you exactly which topics still need attention before you book the exam.

                                              Yes. ActualTorrent offers a free PDF demo of the 1z0-1054-23 practice questions, so you can judge the quality of the material firsthand before paying anything. Every purchase also includes 365 days of free updates — if Oracle changes the exam during that year, your material changes with it. And when the free update period expires, you can extend it at a 50% discount from within your member zone.

                                              Every 1z0-1054-23 purchase at ActualTorrent is backed by a 100% Money Back Guarantee: if you take the corresponding exam within 60 days of your purchase and do not pass, you can apply for a full refund. The guarantee has clear conditions — it does not apply if you sit the exam within 3 days of purchase, if you downloaded the material but never actually took the exam, or to free materials and expired orders, and the candidate name must match the payer name. To file a claim, send a scan of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam; claims are processed within 7 days. If you would rather not take a refund, you can exchange the product instead and receive two additional exam preparation products of equal value for free, while your original product keeps its update service. Delivery itself is instant: your material is available for download right after payment and is also sent to your email within one minute — if it has not arrived within 2 hours, contact our customer service. There is no limit on how many computers you can install it on.

                                              The official Oracle Financials Cloud: General Ledger 2023 Implementation Professional outline divides the exam content into 5 main domains. The first three are:

                                              • Ledgers and Accounting Setup — 25%
                                              • Period Close and Financial Reporting — 20%
                                              • Enterprise and Financial Reporting Structures — 20%

                                              That is only the headline view — scroll back up to the Exam Topics section on this page for the complete domain-by-domain breakdown before you plan your study schedule.

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

                                              Question #1

                                              What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

                                              • A. Optimize parent/child relationships.
                                              • B. Verify correctness of trees.
                                              • C. Create additional versions of a tree.
                                              • D. Set the status of a tree to active.
                                              • E. View information for runtime performance.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B,D  🗳️

                                              Explanation: Only visible for ActualTorrent members. You can sign-up / login (it's free).

                                              Question #2

                                              You are planning to create an Income Statement using Smart View.
                                              Which Smart View tool should you use for this?

                                              • A. Smart Queries
                                              • B. Query Designer
                                              • C. Smart Slices
                                              • D. Ad Hoc Analysis
                                              Reveal Solution  Discussion  0

                                              Correct Answer: D  🗳️

                                              Explanation: Only visible for ActualTorrent members. You can sign-up / login (it's free).

                                              Question #3

                                              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.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C,E  🗳️

                                              Explanation: Only visible for ActualTorrent members. You can sign-up / login (it's free).

                                              Question #4

                                              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. Reporting currency with the IFRS accounting convention
                                              • B. Reporting currency with the local accounting convention
                                              • C. Secondary ledger with the IFRS accounting convention
                                              • D. Primary ledger with the local accounting convention
                                              • E. Primary ledger with the IFRS accounting convention
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C,D  🗳️

                                              Explanation: Only visible for ActualTorrent members. You can sign-up / login (it's free).

                                              Question #5

                                              You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
                                              At what level should you define the default intercompany balancing rule?

                                              • A. Primary balancing segment rule
                                              • B. Ledger-level rule
                                              • C. Chart of accounts rule
                                              • D. Legal entity-level rule
                                              Reveal Solution  Discussion  0

                                              Correct Answer: C  🗳️

                                              Explanation: Only visible for ActualTorrent members. You can sign-up / login (it's free).

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