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Oracle 1Z0-1054-26 Q&A - in .pdf
- Exam Code: 1Z0-1054-26
- Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
- Updated: Sep 26, 2026
- Q & A: 145 Questions and Answers
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- Exam Code: 1Z0-1054-26
- Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
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- Q & A: 145 Questions and Answers
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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Performing Period Close | 15% | - Period Close configuration - Period Close process overview |
| Configuring Financial Reports | 15% | - Financial report and analysis creation
|
| Processing Intercompany | 15% | - Intercompany transaction configuration - Intercompany transaction processing and reconciliation |
| Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Implementing and Managing Journals | 20% | - Journal configuration - Key features and capabilities of journal processing |
| Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Implementing Ledgers | 15% | - Ledger configuration |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Question #1
What are The two advantages of having an intercompany segment in the Chart of Accounts?
- A. Enables balancing of many to-many primary balancing segment value journals and many to many legal entity journals
- B. Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.
- C. Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.
- D. Assists reconciling intercompany transactions and helps identify elimination entries.
Correct Answer: C,D 🗳️
Question #2
You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
- A. Layout template
- B. Style template
- C. Sub template
- D. Output type
- E. Data model
Correct Answer: A,E 🗳️
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Question #3
You are planning to use Financial Reporting Web Studio to create your income statement and balance sheet reports.
Which report component allows you to connect with GL Balances Cube?
- A. Design Canvas
- B. Object Browser
- C. Grid
- D. Point of View
Correct Answer: C 🗳️
Question #4
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 gain recorded.
- B. You have an unrealized exchange loss recorded.
- C. The original journal entry in Euros is updated.
- D. The original journal entry in Euros remains the same.
- E. There is no unrealized exchange gain or loss calculated.
Correct Answer: A,B 🗳️
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Question #5
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
- A. Ad Hoc Analysis
- B. Query Designer
- C. Smart Queries
- D. Smart Slices
Correct Answer: A 🗳️
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