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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Topic 2: Configuring Financial Reports | 15% | - Financial report and analysis creation
|
| Topic 3: Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Topic 4: Implementing Ledgers | 15% | - Ledger configuration |
| Topic 5: Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Topic 6: Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Topic 7: Processing Intercompany | 15% | - Intercompany transaction configuration - Intercompany transaction processing and reconciliation |
| Topic 8: Performing Period Close | 15% | - Period Close configuration - Period Close process overview |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
You have a requirement to override the Period End or Period Average rate that is used for translating several accounts at month end. How can you achieve this?
- A. Use the Manage Historical Rates task to assign a historical rate or amount to those accounts.
- B. Use the Manage Revaluations task to create a revaluation definition for those accounts.
- C. Use the Translate Balances process parameters to specify the rate or amount for those accounts.
Correct Answer: A 🗳️
You define intercompany balancing rules that are applied to a specific source and category, such as Payables and Invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which statement on intercompany configuration is true?
- A. You can create a rule for all sources and categories by selecting the source " Other " and category " Other "
- B. Intercompany balancing evaluates the rules in the following order: ledger, legal entity, chart of accounts, and primary balancing segment value.
- C. You must define intercompany balancing rules for all sources, categories, and transaction types.
Correct Answer: A 🗳️
You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?
- A. Financial Reporting Web Studio report
- B. Trial Balance report
- C. Account group
- D. OTBI report
Correct Answer: A 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
What is the key function of currency revaluation?
- A. Adjusting the accounted value of foreign currency denominated balances according to current conversion rates
- B. Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity
- C. Converting the accounted balances from one currency to another target currency
Correct Answer: A 🗳️
Which two infolets are used for monitoring day-to-day operations?
- A. Close Monitor
- B. Account Monitor
- C. Open Subledgers
- D. IC Transactions
- E. Unallocated
Correct Answer: C,D 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
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