Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Check Updated on: Sep 30, 2026
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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Configuring Financial Reports | 15% | - Financial reporting options - Financial report and analysis creation
|
| Topic 2: Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Topic 3: Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Topic 4: Implementing Ledgers | 15% | - Ledger configuration |
| Topic 5: Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Topic 6: Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Topic 7: Performing Period Close | 15% | - Period Close process overview - Period Close configuration |
| Topic 8: Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
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.
Correct Answer: A 🗳️
Explanation: Only visible for Exams4sures members. You can sign-up / login (it's free).
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
Correct Answer: A 🗳️
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.
Correct Answer: C,E 🗳️
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
Correct Answer: D 🗳️
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
Correct Answer: B 🗳️
Explanation: Only visible for Exams4sures members. You can sign-up / login (it's free).
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