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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Reporting- Real-time reporting and analytics
- Financial Statement Generator (FSG) and reporting tools
Topic 2: Period Close and Reconciliation- Period close process in General Ledger
- Account reconciliation and balancing
Topic 3: Journal Processing- Journal import and automation
- Recurring journals and allocations
- Journal creation and approval workflows
Topic 4: General Ledger Configuration- Accounting calendar and currency setup
- Chart of Accounts structure and segments
- Ledger setup and accounting configuration
Topic 5: Security and Controls- Audit and compliance controls
- Role-based access control in General Ledger

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

Question #1

Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
What should you create to achieve this?

  • A. A Condition Filter
  • B. An Exception
  • C. An Exclusion
  • D. A Validation Filter
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

Which three Oracle Transactional Business Intelligence (OTBI) objects can be created by using the tools in the Oracle Business Intelligence (BI) catalog?

  • A. Infotiles
  • B. Infolets
  • C. Reports
  • D. Dashboards
  • E. Analyses
Reveal Solution  Discussion  0

Correct Answer: C,D,E  🗳️

Question #3

In a primary ledger, under the System options, in the Close section, the " Prevent General Ledger Period Closure When Open Subledger Periods Exist " option has been selected.
For which subledger can you opt out of the Period Close Checking feature by using the ORA_GL_INCLD_STRICT_PRD_CLOSE lookup?

  • A. Lease Accounting
  • B. Accounts Payable
  • C. Order Management
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

You are processing intercompany transactions in a country where accounting regulations require backing documents for each intercompany transfer. You decide to use the Intercompany module to ensure you can produce the relevant Accounts Payable and Accounts Receivable invoices.
How would you enable invoicing?

  • A. Select the invoicing option for the relevant Intercompany Transaction Type.
  • B. Select the invoicing option when assigning the Receivables business unit.
  • C. Select the invoicing option for the relevant Intercompany Organizations.
  • D. Select the invoicing option in Intercompany System Options.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

Correct Answer: A,E  🗳️

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