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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?

A) FBDI can be used to upload journal entry data from external sources into General Ledger.
B) You can only validate and select to transfer journal data in the Summary mode.
C) Any error transactions from Oracle Subledgers can be easily deleted and resubmitted.
D) The process validates all your data before it creates journal entries in General Ledger.

2. Your UK operation has a requirement to maintain its ledger balances in USD to facilitate reporting to the parent company. A balance-level reporting currency has been created and linked to the primary ledger.
How are balances transferred to the reporting currency?

A) By running the Revalue Balances process at month end
B) By running the Translate General Ledger Account Balances process
C) By running the final Create Accounting process at month end
D) By running the Journal Import process

3. You have set up Close Monitor for your organization, but when you navigate to the Profit and Loss tab, you see no results for the summarized income statement.
What could be the reason?

A) An account group is not associated with the ledger set.
B) A Financial Reporting Web Studio report is not associated with the ledger set.
C) A trial balance report is not associated with the ledger set.
D) An OTBI report is not associated with the ledger set.

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.

5. When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets.
When defining new related value sets, which three configuration steps should be considered?

A) Link multiple value sets together
B) Order of the segments determines filtering sequence
C) Use independent validation type value sets only
D) Link two value sets together
E) Use table validated type value sets only
F) Order of the segments does not determine filtering sequence.

Solutions: