2026 Oracle Pass-Sure 1Z0-1054-26: New Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Test Online

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Configuration- Accounting configuration
  • 1. Accounting calendars
    • 2. Currency setup and revaluation
      - Enterprise structure setup for Financials
      • 1. Chart of Accounts design and setup
        • 2. Ledger configuration
          Topic 2: Advanced Financials Features- Allocations and automation
          • 1. Automated accounting processes
            • 2. Allocation rules
              - Intercompany accounting
              • 1. Balancing and eliminations
                • 2. Intercompany transactions
                  Topic 3: Journal Processing- Journal approvals and posting
                  • 1. Approval workflows
                    • 2. Posting process and controls
                      - Journal creation and management
                      • 1. Manual journals
                        • 2. Recurring journals
                          Topic 4: Accounting and Close Processes- Period close activities
                          • 1. Close monitoring and reconciliation
                            • 2. Subledger to GL reconciliation
                              - Financial reporting
                              • 1. Account analysis and reporting
                                • 2. Financial Reporting Studio usage
                                  Topic 5: Security and Integration- Integration with subledgers
                                  • 1. AP/AR integration with GL
                                    • 2. Data import and export processes
                                      - Role-based access control
                                      • 1. Financial roles and privileges

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                                        Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q27-Q32):

                                        NEW QUESTION # 27
                                        On a primary ledger in Use system options close section, the following field has been selected:
                                        'Prevent General Ledger Period Close When Open Subledger Periods Exist'.
                                        What three exceptions will prevent closing of the accounting period?

                                        Answer: B,C,D


                                        NEW QUESTION # 28
                                        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?

                                        Answer: B

                                        Explanation:
                                        According to Oracle documentation1, the most efficient way to update your existing cross-validation rules when you have redesigned your chart of accounts is to use Cross-Validation Rules Import file-based data import (FBDI). FBDI enables you to import cross-validation rules from a spreadsheet template into General Ledger. You can use FBDI to create new rules, update existing rules, or delete rules. Therefore, option C is correct. Option A is incorrect because using the Manage General Ledger Security page does not enable you to update cross-validation rules. Option B is incorrect because creating Cross-Validation Rules desktop-integrated spreadsheet does not enable you to update cross-validation rules. Option D is incorrect because using the Manage Cross-Validation Rules page does not enable you to update cross-validation rules efficiently.
                                        According to Oracle documentation2, you should create a Data Access Set that allows access to the UK Ledger to allow users with the General Accountant job role to access the UK Ledger. A Data Access Set is a security feature that defines the ledgers and balancing segment values that a user can access. You can assign Data Access Sets to users or roles using the Manage Data Access for Users page. Therefore, option B is correct. Option A is incorrect because assigning the security context value of UK Ledger to the user/role combination does not enable access to the ledger. Option C is incorrect because assigning the General Accounting Manager role to those users does not enable access to the ledger. Option D is incorrect because assigning the UK reference set to the user/role combination does not enable access to the ledger.


                                        NEW QUESTION # 29
                                        Your customer isexpanding its operations. You defined a newledgerand severalbusiness units. However, you areunable to assignthe newly generateddata rolesto existingAccounts Payables and Accounts Receivablesusers in the shared service center.
                                        What should you do to correct the problem?

                                        Answer: D


                                        NEW QUESTION # 30
                                        Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
                                        What should you do to allow access to the ledger?

                                        Answer: B

                                        Explanation:
                                        Data access sets are collections of ledgers that define the data security for users who access General Ledger.
                                        Users can only access the ledgers that are assigned to them through data access sets. To allow users with the General Accountant job role to access the UK Ledger, you need to create a data access set that includes the UK Ledger and assign it to the user/role combination. You also need to specify the access privilege for the data access set, which can be Full Ledger, Both Read and Write, or Read Only. In this case, you need to select Both Read and Write to allow read/write access to the full ledger. References:
                                        Implement General Ledger
                                        GL_ACCESS_SET_LEDGERS
                                        The Default Data Access Set
                                        Overview of General Ledger Security


                                        NEW QUESTION # 31
                                        Which two are valid Data Access Set types? (Choose two.)

                                        Answer: B,E

                                        Explanation:
                                        The two valid Data Access Set types are Full access and Read Only access. A Data Access Set is a security feature that defines the access level that users have to ledger data, such as balances, budgets, or journals. A Data Access Set type is an attribute that determines the type of access that users have to ledger data within a Data Access Set. The two valid Data Access Set types are Full access and Read Only access. Full access allows users to view and enter data for ledger data within a Data Access Set. Read Only access allows users to view but not enter data for ledger data within a Data Access Set. Full Ledger is not a valid Data Access Set type, but an option that determines whether a Data Access Set grants access to all balancing segment values in a ledger or only specific balancing segment values. Primary Balancing Segment Value is not a valid Data Access Set type, but an attribute that identifies the legal entity or business unit for which financial statements are prepared and balanced. Read and Write access is not a valid Data Access Set type, but an alternative term for Full access.Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers12


                                        NEW QUESTION # 32
                                        ......

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