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Oracle 1Z0-1054-26 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional |
| Exam Number: | 1Z0-1054-26 |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Response |
| Related Certifications: | Oracle Fusion Cloud Financials Implementation Professional |
| Recommended Training: | Oracle University Training - Fusion Financials |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Portal |
| Sample Questions: | Oracle 1Z0-1054-26 Sample Questions |
| Exam Way: | Online proctored or onsite via Pearson VUE testing centers |
| Pre Condition: | Recommended experience with Oracle Fusion Cloud Financials and General Ledger implementation concepts. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Topic 2: Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
| Topic 3: General Ledger Configuration | - Chart of Accounts structure and segments - Accounting calendar and currency setup - Ledger setup and accounting configuration |
| Topic 4: Journal Processing | - Recurring journals and allocations - Journal creation and approval workflows - Journal import and automation |
| Topic 5: Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
1. What is the key functionality of Smart View in Oracle Cloud Financial Reporting?
A) It is an Excel based add in that integrates with Oracle Essbase GL data for performing financial analysis and reporting.
B) It is a data visualization tool that offers a library of interactive charts and graphs for financial analysis.
C) It is a mobile application for accessing real-time financial dashboards on smartphones and tablets.
2. Your customer has alarge number of legal entities. Thelegal entity valuesare defined in thecompany segment and the primary balancing segment.
They want to easily createeliminating entriesfor theintercompany activity.
What should you recommend?
A) Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
B) There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
C) There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
D) Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
3. You define intercompany balancing rules that are applied to a specific source and category, such as Payables and Invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which statement on intercompany configuration is true?
A) You must define intercompany balancing rules for all sources, categories, and transaction types.
B) You can create a rule for all sources and categories by selecting the source " Other " and category " Other "
C) Intercompany balancing evaluates the rules in the following order: ledger, legal entity, chart of accounts, and primary balancing segment value.
4. What type ofusermust be defined before you can create anImplementation Project?
A) All roles that will be used throughout the implementation
B) A full-time employee that has the FSM Superuser role assigned
C) Implementation Users
D) None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
E) None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
5. You are processing intercompany transactions in a country where accounting regulations require backing documents for each intercompany transfer. You decide to use the Intercompany module to ensure you can produce the relevant Accounts Payable and Accounts Receivable invoices.
How would you enable invoicing?
A) Select the invoicing option when assigning the Receivables business unit.
B) Select the invoicing option for the relevant Intercompany Organizations.
C) Select the invoicing option for the relevant Intercompany Transaction Type.
D) Select the invoicing option in Intercompany System Options.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: E | Question # 5 Answer: C |
By Olivia
