1Z0-1054-26 Questions & Answers & 1Z0-1054-26 Study Guide & 1Z0-1054-26 Exam Preparation

Oracle 1Z0-1054-26 : Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

Exam Code: 1Z0-1054-26

Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

Updated: Aug 07, 2026

Q & A: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Accounting and Close Processes- Period close activities
  • 1. Close monitoring and reconciliation
    • 2. Subledger to GL reconciliation
      - Financial reporting
      • 1. Financial Reporting Studio usage
        • 2. Account analysis and reporting
          Topic 2: Journal Processing- Journal approvals and posting
          • 1. Posting process and controls
            • 2. Approval workflows
              - Journal creation and management
              • 1. Recurring journals
                • 2. Manual journals
                  Topic 3: General Ledger Configuration- Enterprise structure setup for Financials
                  • 1. Chart of Accounts design and setup
                    • 2. Ledger configuration
                      - Accounting configuration
                      • 1. Currency setup and revaluation
                        • 2. Accounting calendars
                          Topic 4: Security and Integration- Integration with subledgers
                          • 1. Data import and export processes
                            • 2. AP/AR integration with GL
                              - Role-based access control
                              • 1. Financial roles and privileges
                                Topic 5: Advanced Financials Features- Allocations and automation
                                • 1. Automated accounting processes
                                  • 2. Allocation rules
                                    - Intercompany accounting
                                    • 1. Balancing and eliminations
                                      • 2. Intercompany transactions

                                        Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:

                                        1. You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
                                        Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?

                                        A) Banks, Bank Accounts, and Branches
                                        B) Complete Accounting Configuration
                                        C) Setup data for Receivables and Payables product.
                                        D) Chart of account values, accounting calendar, and ledger
                                        E) Suppliers and Customers


                                        2. You have decided to use the Journal Attachments Audit feature to monitor and adhere to compliance policies.
                                        Journals created from which mode are eligible for auditing?

                                        A) Journals created using ADFdi
                                        B) Journals created using FBDI templates
                                        C) Journals created in the user interface
                                        D) Journals created using Journal Import


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

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


                                        4. You need to have invoices generated for certain intercompany transactions.
                                        Where do you enable invoicing?

                                        A) Manage Intercompany Receivables Assignment
                                        B) Manage Intercompany System Options
                                        C) Manage Intercompany Organizations
                                        D) Manage Intercompany Transaction Types


                                        5. You are implementing amultipillarimplementation of bothHCM CloudandERP Cloud. You are implementingERP first, followed byHCM Cloud. You want to ensure yourledgers and chart of accountsare correctly defined.
                                        What should you do? (Choose three.)

                                        A) Use HCM's Enterprise Structure Configurator (ESC) first.
                                        B) Use the Rapid Implementation spreadsheet when creating your enterprise structure.
                                        C) Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies.
                                        D) Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets.
                                        E) Deploy your chart of accounts.


                                        Solutions:

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

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