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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Recurring journals and allocations - Journal import and automation - Journal creation and approval workflows |
| Topic 2: Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
| Topic 3: Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| Topic 4: Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
| Topic 5: General Ledger Configuration | - Chart of Accounts structure and segments - Ledger setup and accounting configuration - Accounting calendar and currency setup |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.
- A. Determine the accounting impact of transactions.
- B. Create the accounting in the source system and then import the journal entries into subledger accounting.
- C. Analyze external system transactions.
- D. Capture accounting events.
Correct Answer: B 🗳️
You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?
- A. Basis
- B. Target
- C. Allocation Range
- D. Source
- E. Offset
Correct Answer: D 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
You have configured Transaction Account Definition rules to automatically populate the Provider and Receiver distributions for your intercompany transactions. However, while testing, you find there are no distributions created.
What is the reason for this?
- A. Transaction Account Definition is not selected in System Options.
- B. Transaction Account Definition is not assigned to the Intercompany Organization.
- C. Transaction Account Definition is not assigned to the ledger.
- D. Transaction Account Definition is not assigned to the transaction type.
Correct Answer: C 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
- A. Subledger level
- B. Balance level
- C. Adjustment only level
- D. FBDI level
- E. Journal level
Correct Answer: C 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
What type ofusermust be defined before you can create anImplementation Project?
- A. All roles that will be used throughout the implementation
- B. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
- C. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
- D. Implementation Users
- E. A full-time employee that has the FSM Superuser role assigned
Correct Answer: C 🗳️
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