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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Implementing and Managing Journals | 20% | - Journal configuration - Key features and capabilities of journal processing |
| Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Configuring Financial Reports | 15% | - Financial reporting options - Financial report and analysis creation
|
| Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Implementing Ledgers | 15% | - Ledger configuration |
| Performing Period Close | 15% | - Period Close configuration - Period Close process overview |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Which two statements are true if a journal description rule is defined with sources?
- A. The description rule may be assigned to either the header or line level, or to both.
- B. The description rule can only be assigned to the journal line level.
- C. The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.
- D. You cannot assign journal description rules to sources.
- E. The description rule can only be assigned to the header or line level.
Correct Answer: A,C 🗳️
You already ranTranslation, but a last-minuteadjusting journal entryin yourledger currencywas entered after you consolidated your results.
What does Oracle considerbest practicewhen this occurs?
- A. Rerun Translation and then reconsolidate your results.
- B. Translate only the adjusting journal entry.
- C. Rerun Revaluation and then rerun Translation.
- D. Enter another adjusting journal entry in the target currency to true up the balances.
Correct Answer: A 🗳️
Which Two predefined job roles automatically have the assigned privileges to access Financial Reporting Center?
- A. Account Receivables Manager
- B. Payables Supervisor
- C. General Accounting Manager
- D. Intercompany Manager
- E. Budget Manager
Correct Answer: C,E 🗳️
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
Which feature can be used to proactively notify you of account anomalies in a more timely manner?
- A. Account Inspector and its charts
- B. Financial reports with embedded charts
- C. Account Monitor
- D. Smart View
Correct Answer: C 🗳️
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
- A. Primary ledger with the local accounting convention
- B. Secondary ledger with the IFRS accounting convention
- C. Reporting currency with the IFRS accounting convention
- D. Primary ledger with the IFRS accounting convention
- E. Reporting currency with the local accounting convention
Correct Answer: A,B 🗳️
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