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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

A) Subledger level
B) Balance level
C) FBDI level
D) Journal level
E) Adjustment only level

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

3. Which three Oracle Transactional Business Intelligence (OTBI) objects can be created by using the tools in the Oracle Business Intelligence (BI) catalog?

A) Reports
B) Infotiles
C) Dashboards
D) Analyses
E) Infolets

4. You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)

A) You have not saved it in the Shared Folder/Custom/Financials directory.
B) You have not downloaded the report to your local drive.
C) You have not uploaded it to Financial Reporting Center.
D) You have not saved it in the MyFolders directory.

5. What are two uses of theColumn FlatteningandRow Flatteningfeatures?

A) Create additional versions of a tree.
B) Verify correctness of trees.
C) View information for runtime performance.
D) Set the status of a tree to active.
E) Optimize parent/child relationships.

Solutions: