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Oracle 1Z0-1054-26 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional |
| Exam Number: | 1Z0-1054-26 |
| Available Languages: | English |
| Related Certifications: | Oracle Fusion Cloud Financials Implementation Professional |
| Exam Format: | Multiple Response, Multiple Choice |
| Exam Duration: | 120 minutes |
| Recommended Training: | Oracle University Training - Fusion Financials |
| Exam Registration: | Oracle Certification Portal Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1Z0-1054-26 Sample Questions |
| Exam Way: | Online proctored or onsite via Pearson VUE testing centers |
| Pre Condition: | Recommended experience with Oracle Fusion Cloud Financials and General Ledger implementation concepts. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| Journal Processing | - Journal import and automation - Recurring journals and allocations - Journal creation and approval workflows |
| General Ledger Configuration | - Accounting calendar and currency setup - Ledger setup and accounting configuration - Chart of Accounts structure and segments |
| Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?
- A. when the journal is balanced by the primary BSV but not by second or third BSV
- B. when the journal is balanced by second balancing segment value
- C. when there is a many-to-many journal and you want to use a clearing company
- D. when the journal is not balanced by the primary balancing segment value (BSV)
Correct Answer: A 🗳️
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TheDelete Translated Balancesprocess provides the ability to completely reset translations in the event thatsignificant changesare made to the accounting configuration.
Once the deletion process completes, what additional process must you run?
- A. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- B. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- C. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- D. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
Correct Answer: A 🗳️
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. A value for the budget scenario has not been created.
- D. The Create Scenario Dimension Members program has not been run.
- E. The Transfer Budget Balances to Budget Cubes has not been run.
Correct Answer: C,D 🗳️
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
- A. Balance level
- B. FBDI level
- C. Journal level
- D. Adjustment only level
- E. Subledger level
Correct Answer: D 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.
- A. Capture accounting events.
- B. Create the accounting in the source system and then import the journal entries into subledger accounting.
- C. Analyze external system transactions.
- D. Determine the accounting impact of transactions.
Correct Answer: B 🗳️
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