Oracle 1Z0-1054-26 : Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

1Z0-1054-26 real exams

Exam Code: 1Z0-1054-26

Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

Updated: Sep 26, 2026

Q & A: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Configuration- Accounting configuration
  • 1. Accounting calendars
    • 2. Currency setup and revaluation
      - Enterprise structure setup for Financials
      • 1. Chart of Accounts design and setup
        • 2. Ledger configuration
          Topic 2: Accounting and Close Processes- Period close activities
          • 1. Subledger to GL reconciliation
            • 2. Close monitoring and reconciliation
              - Financial reporting
              • 1. Account analysis and reporting
                • 2. Financial Reporting Studio usage
                  Topic 3: Journal Processing- Journal creation and management
                  • 1. Recurring journals
                    • 2. Manual journals
                      - Journal approvals and posting
                      • 1. Approval workflows
                        • 2. Posting process and controls
                          Topic 4: Advanced Financials Features- Intercompany accounting
                          • 1. Intercompany transactions
                            • 2. Balancing and eliminations
                              - Allocations and automation
                              • 1. Allocation rules
                                • 2. Automated accounting processes
                                  Topic 5: Security and Integration- Role-based access control
                                  • 1. Financial roles and privileges
                                    - Integration with subledgers
                                    • 1. Data import and export processes
                                      • 2. AP/AR integration with GL

                                        Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:

                                        Question #1

                                        You want to achievemulti-step cascading allocations. Which feature do you use?

                                        • A. General Ledger journal entries
                                        • B. Formulas
                                        • C. Point of View (POV)
                                        • D. RuleSets
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        Question #2

                                        You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values.
                                        Which two are the reasons for this?

                                        • A. Budgeting has not been enabled in the ledger options.
                                        • B. The Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
                                        • C. The Create Scenario Dimension Members program has not been run.
                                        • D. A value for the budget scenario has not been created.
                                        • E. The Transfer Budget Balances to Budget Cubes has not been run.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C,D  🗳️

                                        Question #3

                                        In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

                                        • A. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
                                        • B. They can use "+" under the Apps section of the News Feed homepage
                                        • C. They can have the System Administrator configuring pages for them using Page Composer
                                        • D. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,B  🗳️

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                                        Question #4

                                        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. Adjustment only level
                                        • B. Spreadsheet level
                                        • C. Subledger level
                                        • D. Journal Level
                                        • E. Balances Level
                                        Reveal Solution  Discussion  0

                                        Correct Answer: E  🗳️

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                                        Question #5

                                        What are The two advantages of having an intercompany segment in the Chart of Accounts?

                                        • A. Assists reconciling intercompany transactions and helps identify elimination entries.
                                        • B. Enables balancing of many to-many primary balancing segment value journals and many to many legal entity journals
                                        • C. Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.
                                        • D. Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C  🗳️

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