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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:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Journal import and automation - Recurring journals and allocations - Journal creation and approval workflows |
| Topic 2: Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls |
| Topic 3: Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
| Topic 4: Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Topic 5: General Ledger Configuration | - Ledger setup and accounting configuration - Chart of Accounts structure and segments - Accounting calendar and currency setup |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
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.
Correct Answer: A,B,C 🗳️
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.
Correct Answer: B 🗳️
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
Correct Answer: A,B 🗳️
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.
Correct Answer: A 🗳️
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.
Correct Answer: C,D 🗳️
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