Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Journal Processing | - Journal import and automation - Recurring journals and allocations - Journal creation and approval workflows |
| Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls |
| General Ledger Configuration | - Accounting calendar and currency setup - Ledger setup and accounting configuration - Chart of Accounts structure and segments |
| Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Which two data conversion levels are compatible with the Opening Balance Initialization feature for new reporting or secondary ledgers?
- A. Currency level
- B. Subledger level
- C. Balance level
- D. Adjustment only level
- E. Journal level
Correct Answer: C,D 🗳️
Explanation: Only visible for Pass4sures members. You can sign-up / login (it's free).
Budgetary control for accounts5020and5021has a budget of$90,000 USDeach for the year2012. The accounts also have balances onobligation of $10,000 USDfor each and anexpenditure of $20,000 USDfor each.
AFund of $50,000 USDis available for account5020only. You have run theEncumbrance Year End Carry Forward processfor obligation from the last period of the year2012to the first period of year2013.
Which statement is true?
- A. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
- B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
- C. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- D. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.
Correct Answer: D 🗳️
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. You have an unrealized exchange loss recorded.
- B. You have an unrealized exchange gain recorded.
- C. The original journal entry in Euros remains the same.
- D. The original journal entry in Euros is updated.
- E. There is no unrealized exchange gain or loss calculated.
Correct Answer: A,B 🗳️
Explanation: Only visible for Pass4sures members. You can sign-up / login (it's free).
What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?
- A. Transaction Objects
- B. Accounting Attributes
- C. Mapping Sets
- D. Event Entities
Correct Answer: A 🗳️
You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?
- A. OTBI report
- B. Trial Balance report
- C. Account group
- D. Financial Reporting Web Studio report
Correct Answer: D 🗳️
Explanation: Only visible for Pass4sures members. You can sign-up / login (it's free).
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