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: Sep 20, 2026     Q & A: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Implementing and Managing Journals20%- Journal configuration
- Key features and capabilities of journal processing
Topic 2: Configuring Financial Reports15%- Financial report and analysis creation
  • 1. General Accounting infolets
- Financial reporting options
Topic 3: Implementing Ledgers15%- Ledger configuration
Topic 4: Performing Period Close15%- Period Close configuration
- Period Close process overview
Topic 5: Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Topic 6: Implementing Enterprise and Financial Reporting Structures15%- Configuration of Financial Reporting Structures
- Key features and capabilities of Enterprise and Financial Reporting Structures
  • 1. Chart of Accounts design
Topic 7: Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Topic 8: Processing Intercompany15%- Intercompany transaction configuration
- Intercompany transaction processing and reconciliation

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

Question #1

You have set up asupporting reference with balancesto capturerevenue by account manager.
Which option should you use to view thesupporting reference balances?

  • A. An OTBI analysis
  • B. A SmartView analysis
  • C. General Ledger inquiries and reports
  • D. An Account Group
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

  • A. Financial Statement Generator
  • B. Financial Reporting Studio
  • C. Account Inspector
  • D. Smart View
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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Question #3

You entered users who are bothemployees and contingent workers. You want an automated way toassign, reassign, and remove rolesfrom users. What feature do you use?

  • A. Oracle Identity Manager Roles Assignment
  • B. Access Policy Manager ' s Role Generation
  • C. Data Roles
  • D. You cannot reassign contingent workers
  • E. Role Mappings
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

Question #4

Which three are considered legal jurisdictions?

  • A. State
  • B. Identifying Zone
  • C. Group of Countries
  • D. Single Country
  • E. Post Code
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

Question #5

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

  • A. Nothing, existing historical rates are not updated.
  • B. Historical rates are converted into an average rate (original and new rate).
  • C. The existing historical rate is deleted.
  • D. The historical rate is replaced.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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