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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Topic 2: Performing Period Close | 15% | - Period Close configuration - Period Close process overview |
| Topic 3: Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Topic 4: Implementing Enterprise and Financial Reporting Structures | 15% | - Configuration of Financial Reporting Structures - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Topic 5: Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Topic 6: Configuring Financial Reports | 15% | - Financial report and analysis creation
|
| Topic 7: Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Topic 8: Implementing Ledgers | 15% | - Ledger configuration |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
1. 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) You can create a rule for all sources and categories by selecting the source " Other " and category " Other "
B) You must define intercompany balancing rules for all sources, categories, and transaction types.
C) Intercompany balancing evaluates the rules in the following order: ledger, legal entity, chart of accounts, and primary balancing segment value.
2. You are reviewing the Intercompany Reconciliation report for the current period and notice that there is a difference for the period as indicated.
What could be reason for this difference?
A) The transaction needs to be transferred to Receivables and accounted in the UK ledger.
B) The transaction needs to be transferred to Payables and accounted in the UK ledger.
C) The transaction needs to be transferred to Payables and accounted in the US ledger.
D) The transaction needs to be transferred to Receivables and accounted in the US ledger.
3. Your organization has implemented a global Chart of Accounts, which is used by all ledgers. It has the following segments: Company, Department, Account, Intercompany and Future.
Your business practice allows for one intercompany receivable natural account and one intercompany payable natural account.
What is the minimum level for configuring intercompany balancing rules?
A) Ledger Rules
B) Primary Segment Rules
C) Legal Entity Rules
D) Chart of Accounts Rules
4. You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?
A) Chart of Accounts and Business Units
B) Accounting Calendar
C) Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
D) Chart of Accounts
E) Legal Entities, Business Units, and Chart of Accounts
5. Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
A) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
B) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
C) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.
The system will automatically update the translated balances.
D) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B,D | Question # 5 Answer: D |






