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:

1. 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) Legal Entities, Business Units, and Chart of Accounts
B) Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
C) Chart of Accounts and Business Units
D) Accounting Calendar
E) Chart of Accounts

2. On a primary ledger in Use system options close section, the following field has been selected:
' Prevent General Ledger Period Close When Open Subledger Periods Exist ' .
What three exceptions will prevent closing of the accounting period?

A) Pending Transaction in General Ledger Interface
B) Pending Intercompany Transactions
C) No pending transaction in the General Ledger Interface table
D) Intercompany Transactions are completed

3. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

A) Journal lookup codes
B) Journal sources
C) Profile option
D) Journal category
E) Ledger options

4. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A) You can create, update, and delete segment rules for a chart of accounts mapping.
B) You can create, update, and delete account rules for a chart of accounts mapping.
C) It supports external integration using REST services.
D) You can download the template only from the Manage Chart of Accounts Mappings page.

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

Solutions: