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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing
- Journal configuration
|
| Implementing Ledgers | 15% | - Ledger configuration
|
| Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency
|
| Configuring Financial Reports | 15% | - Financial report and analysis creation
- 1. General Accounting infolets
- Financial reporting options
|
| Processing Intercompany | 15% | - Intercompany transaction configuration
- Intercompany transaction processing and reconciliation
|
| Performing Period Close | 15% | - Period Close process overview
- Period Close configuration
|
| Implementing Enterprise and Financial Reporting Structures | 15% | - Configuration of Financial Reporting Structures
- Key features and capabilities of Enterprise and Financial Reporting Structures
- 1. Chart of Accounts design
|
| Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts
|
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
1. You have enabled the ledger option "Limit a journal to a single currency." However, users are reporting that they can enter more than one currency when using the Create Journal task.
How would you resolve this issue?
A) Enable the Limit Journal to the Single Currency option for the ledger currency.
B) Enable the Limit Journal to the Single Currency option for the required currencies.
C) Enable the Limit Journal to the Single Currency option for the Manual source.
D) Enable the Limit Journal to the Single Currency option for the Manual category.
2. Your customer has alarge number of legal entities. Thelegal entity valuesare defined in thecompany segment and the primary balancing segment.
They want to easily createeliminating entriesfor theintercompany activity.
What should you recommend?
A) Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
B) There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
C) There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
D) Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
3. You have a requirement to override the Period End or Period Average rate that is used for translating several accounts at month end. How can you achieve this?
A) Use the Manage Historical Rates task to assign a historical rate or amount to those accounts.
B) Use the Translate Balances process parameters to specify the rate or amount for those accounts.
C) Use the Manage Revaluations task to create a revaluation definition for those accounts.
4. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?
A) Allocation Range
B) Basis
C) Target
D) Offset
E) Source
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) The original journal entry in Euros is updated.
C) You have an unrealized exchange gain recorded.
D) You have an unrealized exchange loss recorded.
Solutions:
Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: E | Question # 5 Answer: A,C |