Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional : 1Z0-1054-26

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:

Question 1

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. Chart of Accounts Rules
C. Legal Entity Rules
D. Primary Segment Rules

Question 2

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. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
B. 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.
C. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
D. 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.

Question 3

You attempt to activate a tree version, but the audit process fails. In which two ways can you resolve this?

A. Run the Chart of Accounts Deployment process.
B. Ensure that parent values have the summary attributes set correctly.
C. Make sure all users sign out of the calculation manager.
D. Ensure that you do not assign children to child values.
E. Run the Publish Chart of Accounts Dimension Members and Hierarchies program.

Question 4

You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

A. Basis
B. Source
C. Target
D. Offset
E. Allocation Range

Question 5

You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

A. You can have only one version of a hierarchy published to the Essbase cube at any time.
B. Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
C. Child values in these hierarchies can belong to only one parent.
D. Hierarchies for reporting and allocations have to be published to Essbase cubes.

Solutions: