Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
| General Ledger Configuration | - Accounting calendar and currency setup - Ledger setup and accounting configuration - Chart of Accounts structure and segments |
| Journal Processing | - Recurring journals and allocations - Journal creation and approval workflows - Journal import and automation |
| Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
What are two uses of theColumn FlatteningandRow Flatteningfeatures?
- A. Create additional versions of a tree.
- B. View information for runtime performance.
- C. Set the status of a tree to active.
- D. Verify correctness of trees.
- E. Optimize parent/child relationships.
Correct Answer: B,E 🗳️
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. Legal Entity Rules
- B. Primary Segment Rules
- C. Ledger Rules
- D. Chart of Accounts Rules
Correct Answer: D 🗳️
Where would you enable Dynamic Combination Creation if you want account combinations to be created automatically?
- A. Chart of Accounts instance
- B. Chart of Accounts structure
- C. Code Combination table
- D. Chart of Accounts hierarchy
Correct Answer: A 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?
- A. The members of the Close Monitor hierarchy must all share the same accounting convention.
- B. The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.
- C. The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.
Correct Answer: C 🗳️
Your userforgot the password. How do you resolve this?
- A. Log in to the user ' s machine as an Administrator and change the password from the login password.
- B. Use the Manage Users page to update the user ' s information and change the password.
- C. Use Access Policy Manager (APM) to reset the user ' s password.
- D. Create a new user ID and password for the user.
- E. Use Oracle Identity Management (OIM) to reset the user ' s password.
Correct Answer: E 🗳️
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