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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Configuring Financial Reports15%- Financial reporting options
- Financial report and analysis creation
  • 1. General Accounting infolets
Implementing Ledgers15%- Ledger configuration
Processing Intercompany15%- Intercompany transaction configuration
- Intercompany transaction processing and reconciliation
Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Implementing and Managing Journals20%- Journal configuration
- Key features and capabilities of journal processing
Implementing Enterprise and Financial Reporting Structures15%- Key features and capabilities of Enterprise and Financial Reporting Structures
  • 1. Chart of Accounts design
- Configuration of Financial Reporting Structures
Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Performing Period Close15%- Period Close process overview
- Period Close configuration

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

1. You have enabled the ledger option "Limit a journal to a single currency." However, users are reporting that they can enter more than one currency when using the Create Journal task.
How would you resolve this issue?

A) Enable the Limit Journal to the Single Currency option for the ledger currency.
B) Enable the Limit Journal to the Single Currency option for the Manual category.
C) Enable the Limit Journal to the Single Currency option for the Manual source.
D) Enable the Limit Journal to the Single Currency option for the required currencies.


2. You want to automatically post journal batches imported from subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

A) Schedule your AutoPost Criteria set to run during off-peak hours only.
B) Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
C) Create your AutoPost criteria using minimal sources and categories.
D) Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.


3. You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?

A) The rules validate and apply tonew accounts only.
B) You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
C) The rules will validate and apply tonew and existing accounts.
D) You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
E) There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.


4. The Vision Corporation Chart of Accounts is used by four ledgers, two of which share the same calendar and the other two have their own distinct calendars.
How many balances cubes are automatically created?

A) Two balances cubes
B) Three balances cubes
C) One balances cube
D) Four balances cubes


5. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A) Primary ledger with the local accounting convention
B) Reporting currency with the local accounting convention
C) Secondary ledger with the IFRS accounting convention
D) Primary ledger with the IFRS accounting convention
E) Reporting currency with the IFRS accounting convention


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B,D
Question # 3
Answer: C,D
Question # 4
Answer: B
Question # 5
Answer: A,C

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