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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. In a primary ledger, under the System options, in the Close section, the " Prevent General Ledger Period Closure When Open Subledger Periods Exist " option has been selected.
For which subledger can you opt out of the Period Close Checking feature by using the ORA_GL_INCLD_STRICT_PRD_CLOSE lookup?

A) Order Management
B) Accounts Payable
C) Lease Accounting

2. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A) The Create Scenario Dimension Members program has not been run.
B) Transfer Budget Balances to Budget Cubes has not been run.
C) A value for the budget scenario is not created.
D) Budgeting is not enabled in the Ledger options.
E) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.

3. You define intercompany balancing rules that are applied to a specific source and category, such as Payables and Invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which statement on intercompany configuration is true?

A) Intercompany balancing evaluates the rules in the following order: ledger, legal entity, chart of accounts, and primary balancing segment value.
B) You must define intercompany balancing rules for all sources, categories, and transaction types.
C) You can create a rule for all sources and categories by selecting the source " Other " and category " Other "

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 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

A) The original journal entry in Euros is updated.
B) You have an unrealized exchange loss recorded.
C) The original journal entry in Euros remains the same.
D) There is no unrealized exchange gain or loss calculated.
E) You have an unrealized exchange gain recorded.

5. Financial Reporting Web Studio is a powerful tool within the Oracle Fusion Cloud suite, designed to empower financial professionals with advanced reporting capabilities.
Which two are key capabilities of Financial Reporting Web Studio?

A) It provides Batch Bursting options including e-mail and print.
B) It uses a drag and drop interface for report design.
C) It helps group reports or books into batches for processing or scheduling.
D) It can be used to create financial statements.

Solutions: