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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
Exam Format:Scenario-based Questions, Multiple Choice
Exam Duration:90 minutes
Related Certifications:Oracle Fusion Cloud Financials Implementation Professional
Oracle Cloud Financials Certification Track
Passing Score:~68%
Certificate Validity Period:2 years
Available Languages:English
Exam Price:USD 245
Real Exam Qty:55
Sample Questions:Oracle 1Z0-1054-26 Sample Questions
Exam Way:Online proctored exam via Oracle Testing Centers or Pearson VUE
Pre Condition:Recommended: Basic understanding of Oracle Fusion Cloud Financials or accounting principles
Official Syllabus URL:https://education.oracle.com

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. Posting process and controls
              • 2. Approval workflows
                Topic 3: General Ledger Configuration- Accounting configuration
                • 1. Accounting calendars
                  • 2. Currency setup and revaluation
                    - Enterprise structure setup for Financials
                    • 1. Ledger configuration
                      • 2. Chart of Accounts design and setup
                        Topic 4: Accounting and Close Processes- Period close activities
                        • 1. Subledger to GL reconciliation
                          • 2. Close monitoring and reconciliation
                            - Financial reporting
                            • 1. Financial Reporting Studio usage
                              • 2. Account analysis and reporting
                                Topic 5: Advanced Financials Features- Allocations and automation
                                • 1. Automated accounting processes
                                  • 2. Allocation rules
                                    - Intercompany accounting
                                    • 1. Intercompany transactions
                                      • 2. Balancing and eliminations

                                        Your Oracle 1Z0-1054-26 Exam Questions, Answered

                                        The Oracle 1Z0-1054-26 exam, officially titled Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional, is the required test for earning the Oracle Cloud certification, a credential at the Professional level. Passing it validates the skills Oracle expects from certified professionals, and it can also support progress toward related credentials such as Oracle Fusion Cloud Financials Implementation Professional, Oracle Cloud Financials Certification Track.

                                        The 1Z0-1054-26 exam includes 55 questions, and you have 90 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the Actualtests4sure test engine are the easiest way to build that rhythm before it counts.

                                        You need ~68% to pass the 1Z0-1054-26 exam, and the official registration fee is USD 245. Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the Actualtests4sure practice test until your scores sit comfortably above the passing requirement before you schedule the exam.

                                        Oracle asks candidates to meet the following requirement before registering: Recommended: Basic understanding of Oracle Fusion Cloud Financials or accounting principles. Exam policies do change, so confirm the latest details on the official exam page at https://education.oracle.com before you book.

                                        Yes. Actualtests4sure offers a free PDF demo of the Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional practice questions, so you can judge the quality and format before purchasing. After you buy, your purchase includes 365 days of free updates; if the product expires after that period, you can extend the update service at a 50% discount from your member zone.

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                                        The Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional exam is organized into 5 major domains. Some of the key domains include:

                                        • Security and Integration
                                        • Advanced Financials Features
                                        • General Ledger Configuration

                                        Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.

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

                                        Question #1

                                        After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
                                        To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
                                        (Choose two.)

                                        • A. Profile option
                                        • B. Journal category
                                        • C. Journal lookup codes
                                        • D. Journal sources
                                        • E. Ledger options
                                        Answer: D,E

                                        Explanation: Only visible for Actualtests4sure members. You can sign-up / login (it's free).

                                        Question #2

                                        Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
                                        What should you create to achieve this?

                                        • A. An Exception
                                        • B. A Condition Filter
                                        • C. An Exclusion
                                        • D. A Validation Filter
                                        Answer: B
                                        Question #3

                                        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 all be primary ledgers or secondary ledgers.
                                        • B. The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.
                                        • C. The members of the Close Monitor hierarchy must all share the same accounting convention.
                                        Answer: B
                                        Question #4

                                        Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
                                        A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
                                        Which statement is true?

                                        • A. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
                                        • B. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
                                        • C. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
                                        • D. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.
                                        • E. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD only will be carried forward.
                                        Answer: D
                                        Question #5

                                        You have a requirement to override the Period End or Period Average rate that is used for translating several accounts at month end. How can you achieve this?

                                        • A. Use the Manage Historical Rates task to assign a historical rate or amount to those accounts.
                                        • B. Use the Manage Revaluations task to create a revaluation definition for those accounts.
                                        • C. Use the Translate Balances process parameters to specify the rate or amount for those accounts.
                                        Answer: A

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