Study with 1Z0-1054-26 Actual Test Questions
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Updated: Aug 03, 2026
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Oracle 1Z0-1054-26 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional |
| Exam Number: | 1Z0-1054-26 |
| Related Certifications: | Oracle Fusion Cloud Financials Implementation Professional |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Response |
| Recommended Training: | Oracle University Training - Fusion Financials |
| Exam Registration: | Oracle Certification Portal Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1Z0-1054-26 Sample Questions |
| Exam Way: | Online proctored or onsite via Pearson VUE testing centers |
| Pre Condition: | Recommended experience with Oracle Fusion Cloud Financials and General Ledger implementation concepts. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| Journal Processing | - Journal creation and approval workflows - Recurring journals and allocations - Journal import and automation |
| Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing |
| General Ledger Configuration | - Chart of Accounts structure and segments - Ledger setup and accounting configuration - Accounting calendar and currency setup |
| Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
1. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
A) Primary balancing segment rule
B) Ledger-level rule
C) Chart of accounts rule
D) Legal entity-level rule
2. Task 3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values
3. Which two data conversion levels are compatible with the Opening Balance Initialization feature for new reporting or secondary ledgers?
A) Journal level
B) Subledger level
C) Balance level
D) Currency level
E) Adjustment only level
4. You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report? '
A) End Date
B) Reconcile
C) Third Party Control Account
D) Financial Category
E) Start Date
5. Which two are predefined roles in General Ledger?
A) General Accounting Clerk
B) General Accounting Supervisor
C) General Accounting Manager
D) General Accountant
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: Only visible for members | Question # 3 Answer: C,E | Question # 4 Answer: D | Question # 5 Answer: C,D |
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