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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
| Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| General Ledger Configuration | - Accounting calendar and currency setup - Ledger setup and accounting configuration - Chart of Accounts structure and segments |
| Journal Processing | - Recurring journals and allocations - Journal creation and approval workflows - Journal import and automation |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?
- A. Make sure the tree is active.
- B. Make sure to flatten the rows of the tree version.
- C. Make sure the tree version was published successfully.
- D. Redeploy the chart of accounts.
Correct Answer: C 🗳️
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
- A. The original journal entry in Euros remains the same.
- B. The original journal entry in Euros is updated.
- C. You have an unrealized exchange gain recorded.
- D. You have an unrealized exchange loss recorded.
- E. There is no unrealized exchange gain or loss calculated.
Correct Answer: C,D 🗳️
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InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?
- A. Smart View
- B. Application Composer
- C. Oracle Transactions Business Intelligence
- D. Oracle Enterprise Repository
- E. Financial Reporting Studio
Correct Answer: A,C,E 🗳️
You are required to changetoday's daily ratesfor convertingGBP to USD. What are three ways in which you can update existing daily rates?
- A. Import daily rates through the Daily Rates open interface table.
- B. Use the spreadsheet loader from the Currency Rates Manager.
- C. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
- D. Edit existing transactions and update the rates manually.
- E. Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.
Correct Answer: A,B,E 🗳️
You are designing an approval rule where a specific person is required to approve the journal. Which two list builders should you use to achieve this?
- A. Approval Group approval routing
- B. Supervisory Hierarchy approval routing
- C. Position Hierarchy approval routing
- D. Job Level Hierarchy approval routing
- E. Resource approval routing
Correct Answer: A,E 🗳️
