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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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

2. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

A) Financial Statement Generator
B) Account Inspector
C) Financial Reporting Studio
D) Smart View

3. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A) Primary ledger with the local accounting convention
B) Primary ledger with the IFRS accounting convention
C) Reporting currency with the local accounting convention
D) Secondary ledger with the IFRS accounting convention
E) Reporting currency with the IFRS accounting convention

4. Your customer is a financial institution that needs to maintain average daily balances (ADB).
Which statement is true about this functionality in Oracle Fusion Cloud applications?

A) Average balances are stored for both subledger and general ledger balances.
B) When using ADB, you must define a transaction calendar and assign it to your ledger.
C) Average balances are maintained for both actual and budget balances.

5. Your current Oracle Fusion Cloud implementation project includes the configuration of multiple ledgers per country and the setting up of accounting automation to drive journal processing efficiencies. In a particular country (which has a primary, secondary, and multiple reporting currency ledgers), there is a requirement to exclude the country ' s journal processing from accounting automation.
If you enter a ledger set (including all ledgers for that country) on the Exclusion tab of Manage Accounting Automation, what is removed from accounting automation processing?

A) The primary and reporting ledgers only
B) The secondary and reporting currency ledgers only
C) Just the primary ledger
D) The primary, secondary, and reporting currency ledgers

Solutions: