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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Journal creation and approval workflows - Recurring journals and allocations - Journal import and automation |
| Topic 2: Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Topic 3: Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| Topic 4: General Ledger Configuration | - Accounting calendar and currency setup - Ledger setup and accounting configuration - Chart of Accounts structure and segments |
| Topic 5: 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:
Question 1
Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
A. Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
B. No data is transferred.
C. Data is summarized across segments that are not mapped to Hyperion Financial Management.
D. The unmapped segments default to future use segments in Hyperion Financial Management.
Question 2
Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
A. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
B. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
C. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.
The system will automatically update the translated balances.
D. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
Question 3
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.
Question 4
Your customer is a financial institution that needs to maintain average daily balances (ADB).
Which statement is true about this functionality in Oracle Fusion Cloud applications?
A. Average balances are maintained for both actual and budget balances.
B. When using ADB, you must define a transaction calendar and assign it to your ledger.
C. Average balances are stored for both subledger and general ledger balances.
Question 5
Which three Oracle Transactional Business Intelligence (OTBI) objects can be created by using the tools in the Oracle Business Intelligence (BI) catalog?
A. Infolets
B. Analyses
C. Reports
D. Dashboards
E. Infotiles
Solutions:
| Question 1 Answer: C | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: A | Question 5 Answer: B,C,D |
