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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Recurring journals and allocations - Journal import and automation - Journal creation and approval workflows |
| Topic 2: Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Topic 3: General Ledger Configuration | - Ledger setup and accounting configuration - Chart of Accounts structure and segments - Accounting calendar and currency setup |
| Topic 4: Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| 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:
Which Two predefined job roles automatically have the assigned privileges to access Financial Reporting Center?
- A. Budget Manager
- B. Payables Supervisor
- C. General Accounting Manager
- D. Account Receivables Manager
- E. Intercompany Manager
Correct Answer: A,C 🗳️
Which two statements are true regarding the Translation process? (Choose two.)
- A. The Translation process can only be used to translate balance sheet accounts.
- B. The Translation process can only be used for translating the balances of Secondary ledgers.
- C. The Translation process should be run before posting Period Close adjustment entries.
- D. If necessary, before submitting the Translation process, the Revaluation process should be completed.
- E. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
Correct Answer: D,E 🗳️
Explanation: Only visible for Exam-Killer members. You can sign-up / login (it's free).
You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?
- A. Legal Entities, Business Units, and Chart of Accounts
- B. Chart of Accounts
- C. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
- D. Accounting Calendar
- E. Chart of Accounts and Business Units
Correct Answer: B,D 🗳️
You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?
- A. by using the Manage General Ledger Security page.
- B. by using Cross-Validation Rules Import file-based data import (FBDI).
- C. by creating Cross-Validation Rules desktop-integrated spreadsheet.
- D. by using the Manage Cross-Validation Rules page.
Correct Answer: B 🗳️
Explanation: Only visible for Exam-Killer members. You can sign-up / login (it's free).
Your organization has implemented a global Chart of Accounts, which is used by all ledgers. It has the following segments: Company, Department, Account, Intercompany and Future.
Your business practice allows for one intercompany receivable natural account and one intercompany payable natural account.
What is the minimum level for configuring intercompany balancing rules?
- A. Chart of Accounts Rules
- B. Primary Segment Rules
- C. Legal Entity Rules
- D. Ledger Rules
Correct Answer: A 🗳️
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