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

1Z0-1054-26 Exam Questions
  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Oct 02, 2026
  • Q & A: 145 Questions and Answers
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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
General Ledger Configuration- Enterprise structure setup for Financials
  • 1. Chart of Accounts design and setup
    • 2. Ledger configuration
      - Accounting configuration
      • 1. Accounting calendars
        • 2. Currency setup and revaluation
          Security and Integration- Role-based access control
          • 1. Financial roles and privileges
            - Integration with subledgers
            • 1. AP/AR integration with GL
              • 2. Data import and export processes
                Journal Processing- Journal approvals and posting
                • 1. Posting process and controls
                  • 2. Approval workflows
                    - Journal creation and management
                    • 1. Manual journals
                      • 2. Recurring journals
                        Advanced Financials Features- Intercompany accounting
                        • 1. Intercompany transactions
                          • 2. Balancing and eliminations
                            - Allocations and automation
                            • 1. Allocation rules
                              • 2. Automated accounting processes
                                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

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

                                        Question #1

                                        Which three factors should you consider while specifying Intercompany System options?

                                        • A. Automatic or manual batch numbering and the minimum transaction amount
                                        • B. Approvers who will approve intercompany transactions
                                        • C. Whether to allow receivers to reject intercompany transactions
                                        • D. Automatic or manual batch numbering and the maximum transaction amount
                                        • E. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C,E  🗳️

                                        Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

                                        Question #2

                                        When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

                                        • A. when there is a many-to-many journal and you want to use a clearing company
                                        • B. when the journal is balanced by second balancing segment value
                                        • C. when the journal is balanced by the primary BSV but not by second or third BSV
                                        • D. when the journal is not balanced by the primary balancing segment value (BSV)
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

                                        Question #3

                                        An Oracle Fusion Cloud customer operating in the financial services sector requires only a subset of the legal entities data captured in the primary ledgers to be transferred to the secondary ledgers.
                                        Which journal data conversion level should be selected between the primary and secondary ledgers to achieve this?

                                        • A. Journal
                                        • B. Balance
                                        • C. Adjustment only
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Question #4

                                        A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
                                        Which Smart View tool would be best for this?

                                        • A. Account Groups
                                        • B. Smart Queries
                                        • C. Smart Slices
                                        • D. Query Designer
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

                                        Question #5

                                        Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
                                        What two statements are true about the resulting revaluation run?

                                        • A. The original journal entry in Euros is updated.
                                        • B. There is no unrealized exchange gain or loss calculated.
                                        • C. You have an unrealized exchange gain recorded.
                                        • D. The original journal entry in Euros remains the same.
                                        • E. You have an unrealized exchange loss recorded.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D,E  🗳️

                                        Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

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