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

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

Question 1

You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?

A. Banks, Bank Accounts, and Branches
B. Chart of account values, accounting calendar, and ledger
C. Suppliers and Customers
D. Complete Accounting Configuration
E. Setup data for Receivables and Payables product.

Question 2

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. Determine the accounting impact of transactions.
D. Analyze external system transactions.

Question 3

You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?

A. Chart of Accounts
B. Accounting Calendar
C. Legal Entities, Business Units, and Chart of Accounts
D. Chart of Accounts and Business Units
E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

Question 4

You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?

A. The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.
B. The members of the Close Monitor hierarchy must all share the same accounting convention.
C. The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.

Question 5

You attempt to activate a tree version, but the audit process fails. In which two ways can you resolve this?

A. Run the Publish Chart of Accounts Dimension Members and Hierarchies program.
B. Make sure all users sign out of the calculation manager.
C. Ensure that you do not assign children to child values.
D. Ensure that parent values have the summary attributes set correctly.
E. Run the Chart of Accounts Deployment process.

Solutions: