Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional : 1Z0-1054-26

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Exam Code: 1Z0-1054-26

Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

Updated: Sep 10, 2026

Q & A: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Advanced Financials Features- Intercompany accounting
  • 1. Intercompany transactions
    • 2. Balancing and eliminations
      - Allocations and automation
      • 1. Allocation rules
        • 2. Automated accounting processes
          Topic 2: Security and Integration- Integration with subledgers
          • 1. AP/AR integration with GL
            • 2. Data import and export processes
              - Role-based access control
              • 1. Financial roles and privileges
                Topic 3: Accounting and Close Processes- Period close activities
                • 1. Close monitoring and reconciliation
                  • 2. Subledger to GL reconciliation
                    - Financial reporting
                    • 1. Financial Reporting Studio usage
                      • 2. Account analysis and reporting
                        Topic 4: General Ledger Configuration- Accounting configuration
                        • 1. Currency setup and revaluation
                          • 2. Accounting calendars
                            - Enterprise structure setup for Financials
                            • 1. Ledger configuration
                              • 2. Chart of Accounts design and setup
                                Topic 5: Journal Processing- Journal creation and management
                                • 1. Manual journals
                                  • 2. Recurring journals
                                    - Journal approvals and posting
                                    • 1. Posting process and controls
                                      • 2. Approval workflows

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

                                        Question #1

                                        Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
                                        (Choose two.)

                                        • A. Business Process Management Workspace
                                        • B. Reports and Analytics
                                        • C. Enterprise Performance Management Workspace
                                        • D. Scheduled Processes
                                        • E. Universal Content Management Workspace
                                        Answer: B,C

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

                                        Question #2

                                        You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
                                        What is Oracle ' s recommended practice when this occurs?

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

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

                                        Question #3

                                        You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

                                        • A. Address Cleansing
                                        • B. Validation
                                        • C. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
                                        • D. Geocoding
                                        Answer: D

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

                                        Question #4

                                        You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
                                        What should you associate with the ledger set to achieve this?

                                        • A. OTBI report
                                        • B. Trial Balance report
                                        • C. Financial Reporting Web Studio report
                                        • D. Account group
                                        Answer: C

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

                                        Question #5

                                        Your userforgot the password. How do you resolve this?

                                        • A. Create a new user ID and password for the user.
                                        • B. Use the Manage Users page to update the user ' s information and change the password.
                                        • C. Use Access Policy Manager (APM) to reset the user ' s password.
                                        • D. Use Oracle Identity Management (OIM) to reset the user ' s password.
                                        • E. Log in to the user ' s machine as an Administrator and change the password from the login password.
                                        Answer: D

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