Last Updated: Oct 27, 2026
No. of Questions: 52 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Period Close and Financial Reporting | 20% | - Perform Period Close
|
| Topic 2: Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
| Topic 3: Ledgers and Accounting Setup | 25% | - Configure Ledgers
|
| Topic 4: Journal Processing and Approval | 20% | - Manage Journals
|
| Topic 5: Intercompany Accounting | 15% | - Configure Intercompany
|
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.
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The official Oracle Financials Cloud: General Ledger 2023 Implementation Professional outline divides the exam content into 5 main domains. The first three are:
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.
What are two uses of the Column Flattening and Row Flattening features? (Choose two.)
Correct Answer: B,D 🗳️
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You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
Correct Answer: D 🗳️
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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: C,E 🗳️
Explanation: Only visible for ActualTorrent members. You can sign-up / login (it's free).
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,D 🗳️
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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?
Correct Answer: C 🗳️
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