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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional : 1Z0-1054-26
- Exam Code: 1Z0-1054-26
- Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
- Updated: Oct 09, 2026
- Q & A: 145 Questions and Answers
About Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional : 1Z0-1054-26 Exam
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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing |
| General Ledger Configuration | - Accounting calendar and currency setup - Ledger setup and accounting configuration - Chart of Accounts structure and segments |
| Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| Journal Processing | - Journal creation and approval workflows - Journal import and automation - Recurring journals and allocations |
| Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Question #1
Which three are considered legal jurisdictions?
- A. Post Code
- B. State
- C. Single Country
- D. Identifying Zone
- E. Group of Countries
Correct Answer: B,C,E 🗳️
Question #2
You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?
- A. The rules validate and apply tonew accounts only.
- B. There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.
- C. The rules will validate and apply tonew and existing accounts.
- D. You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
- E. You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
Correct Answer: C,D 🗳️
Question #3
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 share a common Chart of Accounts and calendar.
- C. The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.
Correct Answer: B 🗳️
Question #4
What type ofusermust be defined before you can create anImplementation Project?
- A. All roles that will be used throughout the implementation
- B. A full-time employee that has the FSM Superuser role assigned
- C. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
- D. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
- E. Implementation Users
Correct Answer: C 🗳️
Question #5
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. Intercompany balancing evaluates the rules in the following order: ledger, legal entity, chart of accounts, and primary balancing segment value.
- C. You must define intercompany balancing rules for all sources, categories, and transaction types.
Correct Answer: A 🗳️
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