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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Security and Controls- Audit and compliance controls
- Role-based access control in General Ledger
Topic 2: General Ledger Configuration- Ledger setup and accounting configuration
- Accounting calendar and currency setup
- Chart of Accounts structure and segments
Topic 3: Financial Reporting- Real-time reporting and analytics
- Financial Statement Generator (FSG) and reporting tools
Topic 4: Journal Processing- Journal creation and approval workflows
- Journal import and automation
- Recurring journals and allocations
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:

1. Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
What should you create to achieve this?

A) A Validation Filter
B) A Condition Filter
C) An Exception
D) An Exclusion


2. Which two infolets are used for monitoring day-to-day operations?

A) Account Monitor
B) Close Monitor
C) Open Subledgers
D) Unallocated
E) IC Transactions


3. Which two can you use to import geographical data?

A) Geographical data providers
B) ADF desktop integration
C) File-based data import (FBDI)
D) SQL Data loader


4. You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

A) Chart of accounts rule
B) Primary balancing segment rule
C) Legal entity-level rule
D) Ledger-level rule


5. Your current Oracle Fusion Cloud implementation project includes the configuration of multiple ledgers per country and the setting up of accounting automation to drive journal processing efficiencies. In a particular country (which has a primary, secondary, and multiple reporting currency ledgers), there is a requirement to exclude the country ' s journal processing from accounting automation.
If you enter a ledger set (including all ledgers for that country) on the Exclusion tab of Manage Accounting Automation, what is removed from accounting automation processing?

A) Just the primary ledger
B) The secondary and reporting currency ledgers only
C) The primary, secondary, and reporting currency ledgers
D) The primary and reporting ledgers only


Solutions:

Question # 1
Answer: B
Question # 2
Answer: C,E
Question # 3
Answer: A,C
Question # 4
Answer: A
Question # 5
Answer: C

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