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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Configuration | - Accounting configuration
|
| Topic 2: Security and Integration | - Role-based access control
|
| Topic 3: Accounting and Close Processes | - Financial reporting
|
| Topic 4: Advanced Financials Features | - Allocations and automation
|
| Topic 5: Journal Processing | - Journal approvals and posting
|
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?
- A. Redefine the location structure.
- B. Define the Geography Validation for Country option to Error.
- C. Define the Geography Validation for Country option to No Validation.
- D. Redefine the geography hierarchy.
Correct Answer: B 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?
- A. The members of the Close Monitor hierarchy must all share the same accounting convention.
- B. The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.
- C. The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.
Correct Answer: C 🗳️
There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?
- A. Journal Level
- B. Subledger level
- C. Spreadsheet level
- D. Adjustment only level
- E. Balances Level
Correct Answer: E 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
You have set up Close Monitor for your organization, but when you navigate to the Profit and Loss tab, you see no results for the summarized income statement.
What could be the reason?
- A. A Financial Reporting Web Studio report is not associated with the ledger set.
- B. A trial balance report is not associated with the ledger set.
- C. An account group is not associated with the ledger set.
- D. An OTBI report is not associated with the ledger set.
Correct Answer: C 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
Which three are considered legal jurisdictions?
- A. Identifying Zone
- B. State
- C. Post Code
- D. Single Country
- E. Group of Countries
Correct Answer: B,D,E 🗳️
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