Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional : 1Z0-1054-26 exam

Oracle 1Z0-1054-26 Actual PDF
  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Sep 11, 2026
  • Q & A: 145 Questions and Answers
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About Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional : 1Z0-1054-26 Exam

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Implementing Ledgers15%- Ledger configuration
Implementing and Managing Journals20%- Journal configuration
- Key features and capabilities of journal processing
Processing Intercompany15%- Intercompany transaction processing and reconciliation
- Intercompany transaction configuration
Performing Period Close15%- Period Close configuration
- Period Close process overview
Implementing Enterprise and Financial Reporting Structures15%- Key features and capabilities of Enterprise and Financial Reporting Structures
  • 1. Chart of Accounts design
- Configuration of Financial Reporting Structures
Configuring Financial Reports15%- Financial report and analysis creation
  • 1. General Accounting infolets
- Financial reporting options

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

Question #1

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. Historical rates are converted into an average rate (original and new rate).
  • B. Nothing, existing historical rates are not updated.
  • C. The historical rate is replaced.
  • D. The existing historical rate is deleted.
Answer: C

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Question #2

After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

  • A. Journal category
  • B. Ledger options
  • C. Journal sources
  • D. Profile option
  • E. Journal lookup codes
Answer: B,C

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Question #3

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. You have an unrealized exchange gain recorded.
  • E. There is no unrealized exchange gain or loss calculated.
Answer: B,C

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Question #4

You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?

  • A. There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.
  • B. The rules validate and apply tonew accounts only.
  • C. You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
  • D. You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
  • E. The rules will validate and apply tonew and existing accounts.
Answer: C,E
Question #5

Which Two are key capabilities of Account Groups within the General Accounting Dashboard?

  • A. Monitor key accounts automatically in real time on an exception or permanent basis.
  • B. Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.
  • C. Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.
  • D. Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.
Answer: A,C

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