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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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

                                        1. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
                                        Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

                                        A) The Sub Template
                                        B) The Data Model
                                        C) Output type
                                        D) The layout Template
                                        E) The Style Template


                                        2. You have exported data from your budgeting application into a .csv file.
                                        What should you use to load that data into General Ledger?

                                        A) Application Developer Framework desktop integrator
                                        B) Budget journal spreadsheet
                                        C) File-based data import
                                        D) Enterprise Resource Budget Integrator


                                        3. You are using account hierarchies for reporting and allocations.
                                        Which two statements are true about these types of hierarchies? (Choose two.)

                                        A) Hierarchies for reporting and allocations have to be published to Essbase cubes.
                                        B) Child values in these hierarchies can belong to only one parent.
                                        C) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
                                        D) You can have only one version of a hierarchy published to the Essbase cube at any time.


                                        4. When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets.
                                        When defining new related value sets, which three configuration steps should be considered?

                                        A) Use table validated type value sets only
                                        B) Order of the segments determines filtering sequence
                                        C) Link two value sets together
                                        D) Use independent validation type value sets only
                                        E) Link multiple value sets together
                                        F) Order of the segments does not determine filtering sequence.


                                        5. 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 137,000 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.25 USD.
                                        What two statements are true about the resulting revaluation run?

                                        A) The original journal entry in Euros remains the same.
                                        B) You have an unrealized exchange gain recorded.
                                        C) The original journal entry in Euros is updated.
                                        D) You have an unrealized exchange loss recorded.


                                        Solutions:

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

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