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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

Question 1

Which two statements are true regarding the Translation process? (Choose two.)

A. The Translation process can only be used for translating the balances of Secondary ledgers.
B. The Translation process can only be used to translate balance sheet accounts.
C. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
D. The Translation process should be run before posting Period Close adjustment entries.
E. If necessary, before submitting the Translation process, the Revaluation process should be completed.

Question 2

You have configured Transaction Account Definition rules to automatically populate the Provider and Receiver distributions for your intercompany transactions. However, while testing, you find there are no distributions created.
What is the reason for this?

A. Transaction Account Definition is not assigned to the ledger.
B. Transaction Account Definition is not assigned to the Intercompany Organization.
C. Transaction Account Definition is not assigned to the transaction type.
D. Transaction Account Definition is not selected in System Options.

Question 3

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
B. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
C. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
D. The report displays all clearing company balancing lines for a period.
E. The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

Question 4

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.

Question 5

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

Solutions: