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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Configuration | - Ledger setup and accounting configuration - Accounting calendar and currency setup - Chart of Accounts structure and segments |
| Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls |
| Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
| Journal Processing | - Journal creation and approval workflows - Journal import and automation - Recurring journals and allocations |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?
- A. Accounting Attributes
- B. Transaction Objects
- C. Mapping Sets
- D. Event Entities
Correct Answer: B 🗳️
InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?
- A. Smart View
- B. Oracle Transactions Business Intelligence
- C. Oracle Enterprise Repository
- D. Application Composer
- E. Financial Reporting Studio
Correct Answer: A,B,E 🗳️
You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?
- A. You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
- B. There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.
- C. The rules will validate and apply tonew and existing accounts.
- D. The rules validate and apply tonew accounts only.
- E. You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
Correct Answer: C,E 🗳️
Which two statements are true regarding the Translation process? (Choose two.)
- A. If necessary, before submitting the Translation process, the Revaluation process should be completed.
- B. The Translation process can only be used to translate balance sheet accounts.
- C. The Translation process can only be used for translating the balances of Secondary ledgers.
- D. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
- E. The Translation process should be run before posting Period Close adjustment entries.
Correct Answer: A,D 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
An Oracle Fusion Cloud customer operating in the financial services sector requires only a subset of the legal entities data captured in the primary ledgers to be transferred to the secondary ledgers.
Which journal data conversion level should be selected between the primary and secondary ledgers to achieve this?
- A. Balance
- B. Adjustment only
- C. Journal
Correct Answer: B 🗳️
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