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 |
|---|---|
| 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 |
| Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Journal Processing | - Journal import and automation - Journal creation and approval workflows - Recurring journals and allocations |
| Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Your current Oracle Fusion Cloud implementation project includes the configuration of multiple ledgers per country and the setting up of accounting automation to drive journal processing efficiencies. In a particular country (which has a primary, secondary, and multiple reporting currency ledgers), there is a requirement to exclude the country ' s journal processing from accounting automation.
If you enter a ledger set (including all ledgers for that country) on the Exclusion tab of Manage Accounting Automation, what is removed from accounting automation processing?
- A. The primary and reporting ledgers only
- B. The secondary and reporting currency ledgers only
- C. The primary, secondary, and reporting currency ledgers
- D. Just the primary ledger
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
- A. You have an unrealized exchange loss recorded.
- B. The original journal entry in Euros is updated.
- C. There is no unrealized exchange gain or loss calculated.
- D. The original journal entry in Euros remains the same.
- E. You have an unrealized exchange gain recorded.
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The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
- A. Cost center
- B. Secondary Balancing
- C. Primary Balancing
- D. Natural Account
- E. Intercompany Segment
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You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?
- A. Ledger-level rule
- B. Chart of accounts rule
- C. Legal entity-level rule
- D. Primary balancing segment rule
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Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
- B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
- C. Each product has its own Intercompany Accounting feature that needs to be configured separately.
- D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
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