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Oracle 1Z0-1054-26 : 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 11, 2026

Q & A: 145 Questions and Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Journal Processing- Journal approvals and posting
  • 1. Approval workflows
    • 2. Posting process and controls
      - Journal creation and management
      • 1. Manual journals
        • 2. Recurring journals
          Accounting and Close Processes- Financial reporting
          • 1. Financial Reporting Studio usage
            • 2. Account analysis and reporting
              - Period close activities
              • 1. Close monitoring and reconciliation
                • 2. Subledger to GL reconciliation
                  Security and Integration- Role-based access control
                  • 1. Financial roles and privileges
                    - Integration with subledgers
                    • 1. Data import and export processes
                      • 2. AP/AR integration with GL
                        Advanced Financials Features- Allocations and automation
                        • 1. Automated accounting processes
                          • 2. Allocation rules
                            - Intercompany accounting
                            • 1. Balancing and eliminations
                              • 2. Intercompany transactions
                                General Ledger Configuration- Enterprise structure setup for Financials
                                • 1. Ledger configuration
                                  • 2. Chart of Accounts design and setup
                                    - Accounting configuration
                                    • 1. Currency setup and revaluation
                                      • 2. Accounting calendars

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

                                        1. Your company hascomplex consolidation requirementswithmultiple general ledger instances. You are usingOracle Hyperion Financial Managementto consolidate the disparateGeneral Ledgers.
                                        You can typically map segments between yourgeneral ledger segmentto aHyperion Financial Management segment, such as:
                                        Company to Entity
                                        Department to Department
                                        Account to Account
                                        What happens to segments in yoursource general ledger, such asProgram, thatcannot be mappedtoHyperion Financial Management?

                                        A) The data is not transferred.
                                        B) Data is summarized across segments that are not mapped to Hyperion Financial Management.
                                        C) The unmapped segments default tofuture use segmentsin Hyperion Financial Management.
                                        D) Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.


                                        2. Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?

                                        A) New dimensions can be added to a General Ledger Balances Cube.
                                        B) They are updated automatically when the Translation process is run.
                                        C) A new Balances Cube is created for a unique combination of Ledger and Currency.
                                        D) They are updated automatically when the Revaluation process is run.
                                        E) They are updated automatically when the General Ledger period is opened.


                                        3. Manage Chart of Accounts Structure and Instance
                                        Scenario
                                        Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
                                        Task 1
                                        Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

                                        Note:
                                        Prefix all your setups with 07, where 07 is your candidate ID
                                        There is one balancing segment.
                                        Choose the appropriate segment labels.
                                        . For the purpose of this test there is no need to deploy the flexfield.
                                        . Valid code combinations should be added to the Code Combination table automatically.
                                        Shorthand aliases will not be implemented.
                                        . Accept the defaults for the instance segments.


                                        4. Task 3
                                        Manage Chart of Accounts Mappings
                                        Scenario
                                        Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
                                        Company-LoB-Account-Cost Center-Product-Intercompany
                                        Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
                                        Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
                                        Cost Center Mapping
                                        . Balance Sheet (0 and 000) should be mapped to
                                        Balance Sheet
                                        . All other cost centers should be mapped to 610
                                        Account Mapping
                                        . Asset accounts (in the 1000 range) should be
                                        mapped to account 11101
                                        . Liability accounts (in the 2000 range) should be
                                        mapped to account 22100
                                        . Equity accounts (in the 3000 range) should be
                                        mapped to account 34000
                                        . Revenue accounts (in the 4000 range) should be
                                        mapped to account 42000
                                        . Expense accounts (from 5000 onwards) should be
                                        mapped to account 51100
                                        Note:
                                        Do not use conditions based on parents.
                                        . Treat any account after the 5000 range as an expense.
                                        Ensure all maps are numeric only.
                                        When creating your mapping rules for each segment
                                        please allow for existing and future segment values


                                        5. You have created several account groups with the Display in option as Expenses.
                                        Which setting determines the account group that will be displayed in the General Accounting infolets on your home page?

                                        A) Access is Public
                                        B) Set as Default
                                        C) Access is Shared
                                        D) Set in Expenses


                                        Solutions:

                                        Question # 1
                                        Answer: B
                                        Question # 2
                                        Answer: B,E
                                        Question # 3
                                        Answer: Only visible for members
                                        Question # 4
                                        Answer: Only visible for members
                                        Question # 5
                                        Answer: B

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