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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Topic 2: Implementing Ledgers15%- Ledger configuration
Topic 3: Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Topic 4: Implementing Enterprise and Financial Reporting Structures15%- Key features and capabilities of Enterprise and Financial Reporting Structures
  • 1. Chart of Accounts design
- Configuration of Financial Reporting Structures
Topic 5: Processing Intercompany15%- Intercompany transaction configuration
- Intercompany transaction processing and reconciliation
Topic 6: Configuring Financial Reports15%- Financial report and analysis creation
  • 1. General Accounting infolets
- Financial reporting options
Topic 7: Implementing and Managing Journals20%- Journal configuration
- Key features and capabilities of journal processing
Topic 8: Performing Period Close15%- Period Close configuration
- Period Close process overview

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

1. You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A) by using the Manage General Ledger Security page.
B) by using the Manage Cross-Validation Rules page.
C) by using Cross-Validation Rules Import file-based data import (FBDI).
D) by creating Cross-Validation Rules desktop-integrated spreadsheet.


2. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

A) Target
B) Basis
C) Offset
D) Allocation Range
E) Source


3. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
B) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
C) Each product has its own Intercompany Accounting feature that needs to be configured separately.
D) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.


4. You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September
2016, your budget for a given account combination is$5,000 USD.
In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase orderfor that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.
Aninvoice is matchedto the purchase order for$2,100 USD.
Which two statements are true? (Choose two.)

A) Funds reservation only happens for non-matched invoices, so the system will not reserve funds.
B) As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016.
C) Purchase order encumbrance will be released for $2,100 USD.
D) The system always consumes the budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation.


5. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) Output type
B) Data model
C) Sub template
D) Style template
E) Layout template


Solutions:

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

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