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

  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Sep 12, 2026
  • Q & A: 145 Questions and Answers

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1Z0-1054-26 exam dumps

Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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

                                        Question #1

                                        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. Four balances cubes
                                        • B. One balances cube
                                        • C. Two balances cubes
                                        • D. Three balances cubes
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

                                        Question #2

                                        An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

                                        • A. Chart of accounts rule
                                        • B. Legal entity-level rule
                                        • C. Primary balancing segment rule
                                        • D. Ledger-level rule
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

                                        Question #3

                                        You have decided to use the Journal Attachments Audit feature to monitor and adhere to compliance policies.
                                        Journals created from which mode are eligible for auditing?

                                        • A. Journals created in the user interface
                                        • B. Journals created using ADFdi
                                        • C. Journals created using Journal Import
                                        • D. Journals created using FBDI templates
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

                                        Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

                                        Question #4

                                        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. Secondary ledger with the IFRS accounting convention
                                        • B. Reporting currency with the local accounting convention
                                        • C. Primary ledger with the local accounting convention
                                        • D. Primary ledger with the IFRS accounting convention
                                        • E. Reporting currency with the IFRS accounting convention
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C  🗳️

                                        Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).

                                        Question #5

                                        When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?

                                        • A. Make sure to flatten the rows of the tree version.
                                        • B. Redeploy the chart of accounts.
                                        • C. Make sure the tree version was published successfully.
                                        • D. Make sure the tree is active.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

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