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  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Nov 05, 2026
  • Q & A: 145 Questions and Answers
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  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Nov 05, 2026
  • Q & A: 145 Questions and Answers
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  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Nov 05, 2026
  • Q & A: 145 Questions and Answers
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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
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
Period Close and Reconciliation- Period close process in General Ledger
- Account reconciliation and balancing
General Ledger Configuration- Chart of Accounts structure and segments
- Ledger setup and accounting configuration
- Accounting calendar and currency setup
Journal Processing- Recurring journals and allocations
- Journal import and automation
- Journal creation and approval workflows

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

Question #1

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

  • A. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
  • B. The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
  • C. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
  • D. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
  • E. The report displays all clearing company balancing lines for a period.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).

Question #2

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. Chart of Accounts and Business Units
  • B. Accounting Calendar
  • C. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
  • D. Chart of Accounts
  • E. Legal Entities, Business Units, and Chart of Accounts
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Question #3

When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

  • A. when the journal is balanced by second balancing segment value
  • B. when the journal is not balanced by the primary balancing segment value (BSV)
  • C. when there is a many-to-many journal and you want to use a clearing company
  • D. when the journal is balanced by the primary BSV but not by second or third BSV
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for Exam4Free members. You can sign-up / login (it's free).

Question #4

You are creating a Multitier Intercompany agreement and haven chosen to use a clearing organization in Financial Route.
How many clearing organizations can be involved in Financial Route?

  • A. 9
  • B. 2
  • C. 5
  • D. 3
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

An Oracle Fusion Cloud customer operating in the financial services sector requires only a subset of the legal entities data captured in the primary ledgers to be transferred to the secondary ledgers.
Which journal data conversion level should be selected between the primary and secondary ledgers to achieve this?

  • A. Adjustment only
  • B. Balance
  • C. Journal
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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