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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Implementing and Managing Journals20%- Key features and capabilities of journal processing
- Journal configuration
Topic 2: Performing Period Close15%- Period Close process overview
- Period Close configuration
Topic 3: Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Topic 4: Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Topic 5: 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
Topic 6: Configuring Financial Reports15%- Financial reporting options
- Financial report and analysis creation
  • 1. General Accounting infolets
Topic 7: Implementing Ledgers15%- Ledger configuration
Topic 8: Processing Intercompany15%- Intercompany transaction processing and reconciliation
- Intercompany transaction configuration

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

1. You have configured Transaction Account Definition rules to automatically populate the Provider and Receiver distributions for your intercompany transactions. However, while testing, you find there are no distributions created.
What is the reason for this?

A) Transaction Account Definition is not assigned to the ledger.
B) Transaction Account Definition is not assigned to the Intercompany Organization.
C) Transaction Account Definition is not selected in System Options.
D) Transaction Account Definition is not assigned to the transaction type.


2. Your UK operation has a requirement to maintain its ledger balances in USD to facilitate reporting to the parent company. A balance-level reporting currency has been created and linked to the primary ledger.
How are balances transferred to the reporting currency?

A) By running the Translate General Ledger Account Balances process
B) By running the Journal Import process
C) By running the final Create Accounting process at month end
D) By running the Revalue Balances process at month end


3. 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.


4. You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.

You get #Missing instead of a balance. What value did you not specify, which resulted in this?

A) Intercompany
B) Product
C) Cost Center
D) A particular currency


5. A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?

A) Smart Queries
B) Query Designer
C) Smart Slices
D) Account Groups


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: C,E
Question # 4
Answer: D
Question # 5
Answer: B

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