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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Journal Processing- Journal creation and approval workflows
- Journal import and automation
- Recurring journals and allocations
General Ledger Configuration- Chart of Accounts structure and segments
- Accounting calendar and currency setup
- Ledger setup and accounting configuration
Security and Controls- Role-based access control in General Ledger
- Audit and compliance controls
Financial Reporting- Real-time reporting and analytics
- Financial Statement Generator (FSG) and reporting tools
Period Close and Reconciliation- Account reconciliation and balancing
- Period close process in General Ledger

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

1. Financial Reporting Web Studio is a powerful tool within the Oracle Fusion Cloud suite, designed to empower financial professionals with advanced reporting capabilities.
Which two are key capabilities of Financial Reporting Web Studio?

A) It uses a drag and drop interface for report design.
B) It provides Batch Bursting options including e-mail and print.
C) It can be used to create financial statements.
D) It helps group reports or books into batches for processing or scheduling.


2. You already ranTranslation, but a last-minuteadjusting journal entryin yourledger currencywas entered after you consolidated your results.
What does Oracle considerbest practicewhen this occurs?

A) Rerun Translation and then reconsolidate your results.
B) Enter another adjusting journal entry in the target currency to true up the balances.
C) Translate only the adjusting journal entry.
D) Rerun Revaluation and then rerun Translation.


3. You are designing an approval rule where a specific person is required to approve the journal. Which two list builders should you use to achieve this?

A) Supervisory Hierarchy approval routing
B) Approval Group approval routing
C) Position Hierarchy approval routing
D) Resource approval routing
E) Job Level Hierarchy approval routing


4. 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) Legal entity-level rule
B) Ledger-level rule
C) Chart of accounts rule
D) Primary balancing segment rule


5. You have created several account groups with the Display in option as Expenses.
Which setting determines the account group that will be displayed in the General Accounting infolets on your home page?

A) Set in Expenses
B) Access is Shared
C) Access is Public
D) Set as Default


Solutions:

Question # 1
Answer: A,C
Question # 2
Answer: A
Question # 3
Answer: B,D
Question # 4
Answer: D
Question # 5
Answer: D

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