Prepare with Oracle 1z0-1054-23 exam torrent, pass for sure
Updated: Jun 23, 2026
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Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
1. Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
A) The report displays all clearing company balancing lines for a period.
B) The report displays the intercompany receivables and intercompany payables balances in summary for a period.
C) You can only drill down to the general ledger journal and then from there to the subledger journal entry.
D) The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
E) The 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.
2. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?
A) Rerun Translation and then reconsolidate your results.
B) Translate only the adjusting journal entry.
C) Rerun Revaluation and then rerun Translation.
D) Enter another adjusting journal entry in the target currency to true up the balances.
3. You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'
A) Financial Category
B) Start Date
C) End Date
D) Third Party Control Account
E) Reconcile
4. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)
A) You can create, update, and delete segment rules for a chart of accounts mapping.
B) You can download the template only from the Manage Chart of Accounts Mappings page.
C) It supports external integration using REST services.
D) You can create, update, and delete account rules for a chart of accounts mapping.
5. There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?
A) Journal Level
B) Adjustment only level
C) Balances Level
D) Spreadsheet level
E) Subledger level
Solutions:
| Question # 1 Answer: D,E | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A,D | Question # 5 Answer: C |
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