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

  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Nov 03, 2026     Q & A: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Implementing and Managing Journals20%- Key features and capabilities of journal processing
- Journal configuration
Performing Period Close15%- Period Close process overview
- Period Close configuration
Configuring Financial Reports15%- Financial report and analysis creation
  • 1. General Accounting infolets
- Financial reporting options
Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Processing Intercompany15%- Intercompany transaction configuration
- Intercompany transaction processing and reconciliation
Implementing Enterprise and Financial Reporting Structures15%- Key features and capabilities of Enterprise and Financial Reporting Structures
  • 1. Chart of Accounts design
- Configuration of Financial Reporting Structures
Implementing Ledgers15%- Ledger configuration

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

Question #1

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. Access is Shared
  • B. Set as Default
  • C. Set in Expenses
  • D. Access is Public
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

  • A. Budget journal spreadsheet
  • B. File-based data import
  • C. Application Developer Framework desktop integrator
  • D. Enterprise Resource Budget Integrator
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report? '

  • A. End Date
  • B. Financial Category
  • C. Start Date
  • D. Reconcile
  • E. Third Party Control Account
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

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. There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.
  • B. The rules will validate and apply tonew and existing accounts.
  • C. The rules validate and apply tonew accounts only.
  • D. You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
  • E. You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
Reveal Solution  Discussion  0

Correct Answer: B,E  🗳️

Question #5

You create a Trial Balance type report using Smart View. As you include all segments for the Chart of Accounts, you expect to see zero balance. Further with the Zoom Out function, you expect to see the balances in each account.
Instead, IMTSSTNG is appearing in the report output.
What is the issue with this report?

  • A. You have not selected a member for Balance Amount.
  • B. You have not selected a member for Currency.
  • C. You have not selected a member for Amount Type.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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