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Oracle 1z0-1054-23 Dumps Questions Answers

Exam Code: 1z0-1054-23
Exam Name: Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Last Update: Jul 13, 2024
51 Questions Answers with Explanation Detail
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Oracle Financials Cloud 1z0-1054-23 Exam Domains

Main Domains Covered in the Oracle Financials Cloud 1z0-1054-23 Exam

The Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam assesses a candidate's knowledge and skills across several key domains. Below are the primary areas of focus:

  • Initial Configuration for Financials: This domain covers the foundational setup required for Oracle Financials Cloud, including creating legal entities, ledgers, and business units essential for processing financial transactions.
  • General Ledger: Candidates must understand the configuration and management of the General Ledger, including chart of accounts design, accounting calendar setup, journal processing, intercompany transactions, and period close processes.
  • Payables and Payments: This area focuses on the Accounts Payable module, emphasizing supplier management, invoice processing, payments setup and execution, as well as expense reporting integration.
  • Receivables and Collections: Knowledge in configuring Receivables including customer management, billing and revenue recognition processes, receipt management, and collections is assessed here.
  • Expenses Management: Candidates need to demonstrate their understanding of managing employee expenses from report submission to payment reconciliation.
  • Fixed Assets: This domain evaluates a candidate’s ability to manage fixed assets lifecycle from acquisition through depreciation to retirement.
  • Cash Management: It involves setting up bank accounts for cash management purposes, performing bank statement reconciliation processes, and managing cash positions effectively.
  • Tax Configuration: Understanding how to configure tax regimes, rates, rules for calculating taxes on transactions across modules within Oracle Financials Cloud is crucial in this domain.
  • Reporting and Analytics for Financials: This encompasses creating financial reports using various tools available within Oracle Financials Cloud such as Smart View or Financial Reporting Studio (FRS), alongside leveraging analytical features for insights into financial data.
  • Cross-functional Setup & Integration Points: A comprehensive understanding of how different modules within Oracle Financials Cloud integrate with each other is necessary. It includes knowing common technologies used for integration like SOAP or REST APIs.

The above domains collectively ensure that certified professionals are equipped with a thorough understanding of Oracle Financials Cloud capabilities. Mastery over these areas enables them to efficiently implement and manage financial processes within an organization leveraging the power of Oracle's cloud solutions.

The Oracle 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam is specifically designed for professionals who are looking to establish or enhance their career in the field of cloud-based financial management. This certification is ideal for individuals who already have a foundational understanding of finance and accounting principles and are seeking to leverage Oracle Financials Cloud solutions to optimize business processes, ensure compliance, and improve operational efficiency.

The target audience for this exam includes but is not limited to:

  • Financial analysts
  • Accountants
  • Finance managers
  • Oracle ERP consultants
  • Implementation specialists

Candidates aiming for these roles typically work within finance departments across a variety of industries, including manufacturing, retail, healthcare, and more. By obtaining this certification, they demonstrate a robust understanding of the General Ledger module within Oracle Financials Cloud, covering essential functionalities such as ledger management, reporting and analytics, period close procedures, and financial consolidation.

To be considered an ideal candidate for the 1z0-1054-23 exam, individuals should possess:

  • A solid background in finance or accounting
  • Basic knowledge of ERP systems
  • Prior experience with cloud computing platforms (preferred)
  • An understanding of business processes related to financial operations

This certification validates the candidate's competence in implementing Oracle Financials Cloud solutions effectively. It signifies their readiness to take on key roles within their organizations by ensuring accurate financial reporting, enhancing decision-making capabilities, and driving operational efficiencies. For professionals aiming to advance their careers in cloud-based financial management, passing the 1z0-1054-23 exam can be a significant milestone.

Oracle 1z0-1054-23 Exam Format and Duration

Oracle 1z0-1054-23: Oracle Financials Cloud: General Ledger 2023 Implementation Professional Exam Format and Duration

  • Exam Code: 1z0-1054-23
  • Type of Questions: The exam consists of multiple-choice questions, which may include scenario-based items.
  • Number of Questions: The exam typically contains around 55 to 85 questions. However, the exact number can vary.
  • Total Exam Duration: Candidates are allotted a total of 120 minutes (2 hours) to complete the exam.
  • Passing Score: Oracle does not always publish the exact passing score as it is subject to change. Candidates should aim for a high level of competency across all topics.

This information is based on official Oracle certification resources available at the time of writing. Candidates are encouraged to verify any details directly through the official Oracle Certification website or their certification dashboard for the most current information before scheduling their exam.

Certainly, here are the prerequisites for the Oracle 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam structured in HTML format:

Oracle 1z0-1054-23 Exam Prerequisites

Prerequisites for the Oracle 1z0-1054-23 Exam

To be eligible to take the Oracle 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam, candidates must meet the following prerequisites:

  • Educational Background: While Oracle does not explicitly require a specific educational background, a bachelor's degree in finance, accounting, computer science, or related fields is highly beneficial.
  • Prior Certification: There are no mandatory prior certifications required to sit for the 1z0-1054-23 exam. However, having certifications in related fields may provide a foundational understanding beneficial for preparation.
  • Work Experience: It is recommended that candidates have:
    • A minimum of one year of experience working with Oracle Financials Cloud solutions.
    • Hands-on experience with General Ledger implementations.
    • Familiarity with financial processes and an understanding of how to integrate Oracle Financials Cloud within an organization's workflow.
  • Training Courses: Although not strictly required, completing training courses offered by Oracle University on Oracle Financials Cloud can significantly enhance your readiness for the exam. These courses cover key concepts and practical skills needed for implementation success.

Note: Meeting these prerequisites will prepare you well for taking the 1z0-1054-23 exam but does not guarantee passing scores. Adequate preparation through study and practical application is critical.

This HTML content outlines the educational background, prior certification requirements (or lack thereof), recommended work experience, and suggested training courses to help prepare for the Oracle 1z0-1054-23 exam efficiently.

The Oracle 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam has a specific retake policy designed to provide candidates with ample opportunity to pass while maintaining the integrity of the certification process. Understanding this policy is crucial for effective exam preparation and planning.

  • First Attempt Failure: If you do not pass the 1z0-1054-23 exam on your first attempt, you are required to wait a period of 14 days before you can retake the exam. This waiting period is intended to give you sufficient time to prepare adequately for your next attempt.
  • Subsequent Attempts: After the second attempt, should you need to retake the exam again, the same 14-day waiting period applies between each subsequent attempt. This rule ensures that candidates have time to address any knowledge gaps before attempting the exam again.
  • Limitation on Attempts: There is no explicit limit on the number of times you can retake the Oracle 1z0-1054-23 exam. However, it's important to utilize each waiting period effectively for additional study and preparation to improve your chances of success in future attempts.
  • Associated Costs: Each attempt at taking the Oracle 1z0-1054-23 exam requires payment of the examination fee. Thus, it's financially beneficial to prepare thoroughly for each attempt to minimize additional costs associated with multiple retakes.

This retake policy aims to balance accessibility with ensuring that certified professionals have truly mastered the necessary material. Proper preparation and understanding of this policy will help streamline your path towards becoming an Oracle Financials Cloud: General Ledger 2023 Implementation Professional.

The 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional certification is an acknowledgment of your expertise in implementing solutions within the Oracle Financials Cloud environment. Upon successfully passing the examination, this certification holds its validity indefinitely. This means that once you have achieved it, there's no expiration date nor a requirement for renewal to maintain its status.

However, it's important to note that Oracle frequently updates its software and certifications to reflect the latest technology and best practices. As such, professionals are encouraged to stay informed about new versions and advancements:

  • Keep abreast of any updates or new releases related to the Oracle Financials Cloud suite.
  • Consider pursuing further certifications or learning paths offered by Oracle to enhance your knowledge and skills continuously.

While your 1z0-1054-23 certification remains valid indefinitely, staying updated with the latest developments ensures that your skills remain relevant in a rapidly evolving technological landscape.

Certainly, when preparing for the 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam, it's crucial to have access to the best study materials that can offer comprehensive and detailed insights into the exam content. Examstrack stands out as a premier resource provider specifically tailored for this purpose. Here’s how Examstrack can support your preparation:

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Choosing Examstrack as your preparation resource for the 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam offers several advantages:

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In conclusion, leveraging Examstrack’s PDF Study Guides, Testing Engine, and Practice Question Banks will significantly enhance your chances of success in achieving certification on your first attempt. These resources are designed not just to help you pass but also to gain a profound understanding of Oracle Financials Cloud: General Ledger functionalities which is essential for professional growth in this domain.

The amount of time you should dedicate to studying for the 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam significantly depends on several factors, including your prior knowledge of Oracle Financials Cloud, your study pace, and how thoroughly you wish to understand the material before taking the exam. It's crucial to consider these elements when planning your study schedule.

For individuals with a solid background in Oracle Financials Cloud or similar systems, a shorter preparation period may be sufficient. In such cases, dedicating around 60-80 hours of focused study could be enough to cover the necessary material and feel confident about the exam content.

However, for those new to Oracle Financials Cloud or who prefer a more leisurely pace to absorb information comprehensively, it might be beneficial to allocate more time. A recommended range would be between 100-120 hours of study. This allows for a deeper understanding of the concepts and more practice with the system itself.

It's important to remember that these are general guidelines. The optimal study duration varies from person to person based on their unique circumstances and learning preferences. Here are steps to tailor your study schedule effectively:

  1. Assess your current level of expertise and familiarity with Oracle Financials Cloud.
  2. Determine how much time you can realistically dedicate each week towards studying while balancing other commitments.
  3. Adjust your study hours based on your personal pace of learning and desired level of mastery over the subject matter.

Ultimately, ensuring that you give yourself enough time to review all relevant materials, practice sufficiently, and feel confident in your understanding is key. Tailoring your study plan according to your needs will help maximize efficiency and effectiveness in preparing for the 1z0-1054-23 exam.

Utilizing ExamTrack for the 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam offers a multitude of specific benefits that can significantly enhance a candidate's preparation and likelihood of success. The structured approach to exam material provided by ExamTrack ensures that learners have clear learning objectives, which helps in focusing study efforts on key topics and understanding the core requirements of the certification.

  • Simple and Informative Oracle 1z0-1054-23 Exams Material: The materials are designed to convey complex information in an easily digestible format, enabling candidates to grasp difficult concepts quickly. This simplicity aids in efficient revision and retention of knowledge.
  • Free Demos for Oracle 1z0-1054-23 Tests: Access to free demos allows candidates to familiarize themselves with the format and structure of the exam before committing to the full preparation material. This can help in adjusting study strategies according to the actual test layout.
  • A Promised Success in Oracle 1z0-1054-23 Certification Exams: With a focus on organized multiple-choice questions and answers, ExamTrack provides an extensive practice environment that mirrors the real exam scenario. This practice not only boosts confidence but also assists in efficient time management during the actual exam.

The combination of these elements ensures that candidates are well-prepared, not just in terms of knowledge, but also with respect to exam strategy and time management. Consequently, this comprehensive preparation approach significantly increases the probability of achieving success in the 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam.

Enroll in Oracle 1z0-1054-23 Course

How to Enroll in the Oracle 1z0-1054-23 Oracle Financials Cloud: General Ledger 2023 Implementation Professional Exam Course

To enroll in the Oracle 1z0-1054-23 exam course and access high-quality Dumps Questions Answers, follow these steps:

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1z0-1054-23 Overview

Oracle 1Z0-1054-23: Oracle Financials Cloud: General Ledger 2023 Implementation Professional Exam Overview
Aspect Description
Certification Name Oracle Financials Cloud: General Ledger 2023 Certified Implementation Professional
Exam Code 1Z0-1054-23
Target Audience Individuals responsible for implementing and administering Oracle Cloud Financials General Ledger
Level Professional
Exam Format Hands-on performance-based and multiple-choice questions
Number of Questions Not applicable for hands-on performance-based; variable number for multiple-choice
Time Limit 90 minutes
Passing Score 75% for each section (hands-on and multiple-choice)
Cost USD $245
Renewal Not required

1z0-1054-23 Q&A's Detail

Exam Code:
1z0-1054-23
Total Questions:
51 Q&A's
Single Choice Questions:
23 Q&A's
Multiple Choice Questions:
25 Q&A's
Simulation Questions:
3 Q&A's

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