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

  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Sep 30, 2026
  • Q&As: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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

Question #1

You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

  • A. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
  • B. Address Cleansing
  • C. Geocoding
  • D. Validation
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

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.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

What is the key functionality of Smart View in Oracle Cloud Financial Reporting?

  • A. It is a data visualization tool that offers a library of interactive charts and graphs for financial analysis.
  • B. It is a mobile application for accessing real-time financial dashboards on smartphones and tablets.
  • C. It is an Excel based add in that integrates with Oracle Essbase GL data for performing financial analysis and reporting.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

You are defining an income statement report using Financial Reporting Web Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?

  • A. Drill Down in Report Functions
  • B. Allow Expansion in Report Functions
  • C. Drill Through in Grid Properties
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #5

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

  • A. when there is a many-to-many journal and you want to use a clearing company
  • B. when the journal is not balanced by the primary balancing segment value (BSV)
  • C. when the journal is balanced by second balancing segment value
  • 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 TestkingPass members. You can sign-up / login (it's free).

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