Oracle 1Z0-1054-26 Valid Test : 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: Aug 09, 2026
  • Q&As: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
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
Period Close and Reconciliation- Period close process in General Ledger
- Account reconciliation and balancing
Financial Reporting- Real-time reporting and analytics
- Financial Statement Generator (FSG) and reporting tools

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

1. InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?

A) Financial Reporting Studio
B) Smart View
C) Oracle Transactions Business Intelligence
D) Oracle Enterprise Repository
E) Application Composer


2. You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values.
Which two are the reasons for this?

A) The Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
B) The Transfer Budget Balances to Budget Cubes has not been run.
C) The Create Scenario Dimension Members program has not been run.
D) Budgeting has not been enabled in the ledger options.
E) A value for the budget scenario has not been created.


3. You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?

A) You don ' t have to do anything; this option is enabled automatically.
B) Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
C) Opt in to the Prevent Period Close option for the offering.
D) Set the relevant option on the Specify Ledger Options page.


4. You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?

A) Chart of account values, accounting calendar, and ledger
B) Suppliers and Customers
C) Banks, Bank Accounts, and Branches
D) Complete Accounting Configuration
E) Setup data for Receivables and Payables product.


5. When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?

A) Make sure to flatten the rows of the tree version.
B) Make sure the tree version was published successfully.
C) Redeploy the chart of accounts.
D) Make sure the tree is active.


Solutions:

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

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