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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Accounting and Close Processes | - Period close activities
|
| Topic 2: General Ledger Configuration | - Enterprise structure setup for Financials
|
| Topic 3: Journal Processing | - Journal approvals and posting
|
| Topic 4: Advanced Financials Features | - Intercompany accounting
|
| Topic 5: Security and Integration | - Integration with subledgers
|
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
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. The existing historical rate is deleted.
- B. Historical rates are converted into an average rate (original and new rate).
- C. Nothing, existing historical rates are not updated.
- D. The historical rate is replaced.
Correct Answer: D 🗳️
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Which two statements are true regarding the Translation process? (Choose two.)
- A. The Translation process can only be used for translating the balances of Secondary ledgers.
- B. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
- C. If necessary, before submitting the Translation process, the Revaluation process should be completed.
- D. The Translation process can only be used to translate balance sheet accounts.
- E. The Translation process should be run before posting Period Close adjustment entries.
Correct Answer: B,C 🗳️
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InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?
- A. Financial Reporting Studio
- B. Oracle Transactions Business Intelligence
- C. Smart View
- D. Oracle Enterprise Repository
- E. Application Composer
Correct Answer: A,B,C 🗳️
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)
Correct Answer: C,D 🗳️
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
Correct Answer: A,D,E 🗳️
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