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

1Z0-1054-26 pass collection

Exam Code: 1Z0-1054-26

Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

Updated: Aug 12, 2026

Q & A: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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

1. You are creating a Multitier Intercompany agreement and haven chosen to use a clearing organization in Financial Route.
How many clearing organizations can be involved in Financial Route?

A) 5
B) 2
C) 3
D) 9


2. You have created an OTBI analysis with more than one view. You plan to add prompts to the report that are specific to each view.
Where should you define your prompts?

A) View Selector
B) Prompts Tab
C) Compound Layout
D) Analysis Properties


3. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) Layout template
B) Output type
C) Data model
D) Sub template
E) Style template


4. 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) Adjustment only
B) Balance
C) Journal


5. What is the key function of currency translation?

A) Creating unrealized gain or loss journals for foreign currency transactions.
B) Measuring current financial transactions that are denominated or stated in an accounting currency into the functional currency of the entity.
C) Expressing the functional currency financial results of a subsidiary in the entity's reporting or consolidated currency.
D) Adjusting the accounted value of foreign currency-denominated balances according to current conversion rates.


Solutions:

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

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