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  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Aug 27, 2026
  • Q & A: 145 Questions and Answers
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  • Exam Code: 1Z0-1054-26
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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Financial Reporting- Financial Statement Generator (FSG) and reporting tools
- Real-time reporting and analytics
Period Close and Reconciliation- Period close process in General Ledger
- Account reconciliation and balancing
Journal Processing- Journal import and automation
- Recurring journals and allocations
- Journal creation and approval workflows
Security and Controls- Role-based access control in General Ledger
- Audit and compliance controls
General Ledger Configuration- Accounting calendar and currency setup
- Chart of Accounts structure and segments
- Ledger setup and accounting configuration

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

1. You are planning to use Financial Reporting Web Studio to create your income statement and balance sheet reports.
Which report component allows you to connect with GL Balances Cube?

A) Grid
B) Design Canvas
C) Point of View
D) Object Browser


2. 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) Create a new user ID and password for the user.
C) Use the Manage Users page to update the user ' s information and change the password.
D) Use Oracle Identity Management (OIM) to reset the user ' s password.
E) Use Access Policy Manager (APM) to reset the user ' s password.


3. Which two infolets are used for monitoring day-to-day operations?

A) IC Transactions
B) Unallocated
C) Close Monitor
D) Account Monitor
E) Open Subledgers


4. Which two statements are true about the Intercompany Reconciliation report?

A) It displays all clearing company balancing lines for a period.
B) It displays the intercompany receivables and intercompany payables balances in summary for a period.
C) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
D) It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
E) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.


5. Which two are predefined roles in General Ledger?

A) General Accountant
B) General Accounting Clerk
C) General Accounting Supervisor
D) General Accounting Manager


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D
Question # 3
Answer: A,E
Question # 4
Answer: B,E
Question # 5
Answer: A,D

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