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

  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Aug 15, 2026
  • Q & A: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Security and Integration- Integration with subledgers
  • 1. Data import and export processes
    • 2. AP/AR integration with GL
      - Role-based access control
      • 1. Financial roles and privileges
        Topic 2: Journal Processing- Journal creation and management
        • 1. Recurring journals
          • 2. Manual journals
            - Journal approvals and posting
            • 1. Approval workflows
              • 2. Posting process and controls
                Topic 3: Accounting and Close Processes- Period close activities
                • 1. Close monitoring and reconciliation
                  • 2. Subledger to GL reconciliation
                    - Financial reporting
                    • 1. Account analysis and reporting
                      • 2. Financial Reporting Studio usage
                        Topic 4: General Ledger Configuration- Enterprise structure setup for Financials
                        • 1. Chart of Accounts design and setup
                          • 2. Ledger configuration
                            - Accounting configuration
                            • 1. Currency setup and revaluation
                              • 2. Accounting calendars
                                Topic 5: Advanced Financials Features- Intercompany accounting
                                • 1. Intercompany transactions
                                  • 2. Balancing and eliminations
                                    - Allocations and automation
                                    • 1. Automated accounting processes
                                      • 2. Allocation rules

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

                                        1. Challenge 2
                                        Manage Shorthand Aliases
                                        Scenario
                                        Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.
                                        Task 2
                                        Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

                                        Note:
                                        . Prefix your alias name with 07, where 07 is
                                        your exam ID.
                                        . There is no Product or Intercompany
                                        impact.


                                        2. There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
                                        Given that:
                                        The subsidiary is in another country from the parent.
                                        There is no requirement to have daily balances.
                                        The objective is to minimize the data stored in the reporting currency.
                                        Which data conversion level should you recommend?

                                        A) Adjustment only level
                                        B) Spreadsheet level
                                        C) Balances Level
                                        D) Subledger level
                                        E) Journal Level


                                        3. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
                                        What are two reasons for this?

                                        A) Transfer Budget Balances to Budget Cubes has not been run.
                                        B) A value for the budget scenario is not created.
                                        C) Budgeting is not enabled in the Ledger options.
                                        D) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
                                        E) The Create Scenario Dimension Members program has not been run.


                                        4. The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
                                        Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

                                        A) Output type
                                        B) The Data Model
                                        C) The Sub_Template
                                        D) The layout-Template
                                        E) The Data Source


                                        5. Which two statements are true about balances cubes in General Ledger?

                                        A) They are updated automatically when the Translation process is run.
                                        B) A new balances cube is created for a unique combination of ledger and currency.
                                        C) They are updated automatically when the Revaluation process is run.
                                        D) They are updated automatically when the General Ledger period is opened.
                                        E) New dimensions can be added to a General Ledger balances cube.


                                        Solutions:

                                        Question # 1
                                        Answer: Only visible for members
                                        Question # 2
                                        Answer: C
                                        Question # 3
                                        Answer: B,E
                                        Question # 4
                                        Answer: B,D
                                        Question # 5
                                        Answer: B,E

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