Most Recent Oracle 1Z0-1054-23 Exam Dumps

Prepare for the Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-1054-23 exam and achieve success.

The questions for 1Z0-1054-23 were last updated on Mar 30, 2025.

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Question No. 1

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

AYou can only drill down to the general ledger journal and then from there to the subledger journal entry.

BThe report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

CThe report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

DThe report displays the intercompany receivables and intercompany payables balances in summary for a period.

EThe report displays all clearing company balancing lines for a period.

Show Answer

Correct Answer: B, C

According to the Oracle documentation12, the Intercompany Reconciliation Report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison (option C). The report also includes ledger balancing lines generated when the primary balancing segment value is in balance, but either the second or third balancing segment values are not (option B).Option A is incorrect because you can drill down to the general ledger journal, subledger accounting entry, and source receivables or payables transaction2.Option D is incorrect because the report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them1.Option E is incorrect because the report does not display clearing company balancing lines2.

Question No. 2

Which two statements are true regarding the Translation process? (Choose two.)

AAny resulting offset from the translation is entered in the Cumulative Translation Adjustment account.

BIf necessary, before submitting the Translation process, the Revaluation process should be completed.

CThe Translation process should be run before posting Period Close adjustment entries.

DThe Translation process can only be used for translating the balances of Secondary ledgers.

EThe Translation process can only be used to translate balance sheet accounts.

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Correct Answer: A, B

Question No. 3

In which two ways can your users personalize the Springboards and Work Areas to suit their individual

working styles? (Choose two.)

AThey can format certain tables by hiding and showing columns, moving columns, and resizing columns

BUsers have very little control configuring their Springboards and Work Areas; they can only resize columns

CThey can have the System Administrator configuring pages for them using Page Composer

DThey can use ''+'' under the Apps section of the News Feed homepage

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Correct Answer: A, D

According to Oracle documentation2, your users can personalize the Springboards and Work Areas to suit their individual working styles in these two ways: They can format certain tables by hiding and showing columns, moving columns, and resizing columns, and they can use ''+'' under the Apps section of the News Feed homepage. Springboards and Work Areas are user interface components that enable users to access tasks and information relevant to their roles. Users can customize these components by adding or removing tiles, changing layouts, filtering data, and formatting tables. Therefore, options A and D are correct. Option B is incorrect because users have more control over configuring their Springboards and Work Areas than just resizing columns. Option C is incorrect because users do not need to have the System Administrator configuring pages for them using Page Composer.

Question No. 4

You need to add new transactional attributes to the journal approval notification in an implementation project. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

ASub template

BStyle template

CLayout template

DOutput type

EData model

Show Answer

Correct Answer: C, E

To modify the journal approval notification, you need to copy (or customize) and edit the layout template and the data model of the Analytics Publisher report. The layout template defines the appearance and content of the notification, such as the text, fields, tables, and images. The data model defines the data sources and queries that provide the data for the notification, such as the journal attributes, amounts, and statuses. You can use Template Builder for Word to edit the layout template and Analytics Publisher to edit the data model. You also need to download the Workflow Notification Subtemplate, which is a common subtemplate that contains the header and footer of the notification. You can preview the modified notification using the subtemplate and the data model.Reference:

Modify Journal Approval Notifications with Analytics Publisher

[Creating Analytics and Reports for Financials Cloud]

Question No. 5

Your customer uses Financials Cloud, Projects, Inventory, and SCM.

Which two statements are true regarding intercompany accounting for these products? (Choose two.)

AEach product has its own Intercompany Accounting feature that needs to be configured separately.

BIn Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.

CIntercompany Balancing Rules are defined centrally and applied across Financials and Projects.

DIntercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.

Show Answer

Correct Answer: A, C

According to Oracle documentation1, the following statements are true regarding intercompany accounting for Financials Cloud, Projects, Inventory, and SCM: Each product has its own Intercompany Accounting feature that needs to be configured separately, and Intercompany Balancing Rules are defined centrally and applied across Financials and Projects. Intercompany accounting is the process of recording transactions between related entities within an enterprise or between groups in the same legal entity. Each product has its own Intercompany Accounting feature that enables you to create, process, and reconcile intercompany transactions. Intercompany Balancing Rules are used to generate balancing entries for journals that are out of balance by legal entity or primary balancing segment values. Intercompany Balancing Rules are defined in General Ledger and applied across Financials and Projects. Therefore, options A and C are correct. Option B is incorrect because Intercompany Balancing Rules are not used to balance cross-ledger allocation journals. Option D is incorrect because Intercompany balancing rules in General Ledger do not need to be mapped with the intercompany configuration in each product.

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