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Oracle 1Z0-1054-26 Exam Syllabus Topics:

Section	Weight	Objectives
Implementing Ledgers	15%	- Ledger configuration
Performing Period Close	15%	- Period Close process overview - Period Close configuration
Implementing Enterprise and Financial Reporting Structures	15%	- Key features and capabilities of Enterprise and Financial Reporting Structures 1. Chart of Accounts design - Configuration of Financial Reporting Structures
Configuring Financial Reports	15%	- Financial report and analysis creation 1. General Accounting infolets - Financial reporting options
Enabling Redwood Capabilities	2%	- Enable Redwood capabilities and understand configuration impacts
Implementing and Managing Journals	20%	- Journal configuration - Key features and capabilities of journal processing
Leveraging AI/ML/Mobile and Automation Features	3%	- Use AI/ML/mobile and automation features for process efficiency
Processing Intercompany	15%	- Intercompany transaction configuration - Intercompany transaction processing and reconciliation

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q61-Q66):

NEW QUESTION # 61
You are planning to use the Related Value Sets feature with your Chart of Accounts to create a dependency between the Company and Cost Center segments. For example, when using Company 101, the list of displayed cost centers should be in the range 100 to 199. When setting up your value sets, which validation type should you choose for the Cost Center segment?

A. Independent
B. Subset
C. Table
D. Dependent

Answer: A

Explanation:
Related Value Sets in Oracle Fusion Cloud are used to create a relationship between two value sets so that the valid values of one segment are restricted based on the value selected in a preceding segment.
The important correction here is that the value sets used in related value set configuration must be Independent value sets, not Dependent value sets. A Dependent validation type is a different value-set mechanism and is not the correct setup for Related Value Sets in the Chart of Accounts. Oracle documentation explains that related value sets define dependencies where the values shown for a succeeding segment are filtered by the selected predecessor value, and both value sets must be independent.

NEW QUESTION # 62
You are defining an income statement report using Financial Reporting Web Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?

A. Allow Expansion in Report Functions
B. Drill Down in Report Functions
C. Drill Through in Grid Properties

Answer: C

NEW QUESTION # 63
Which two can you use to import geographical data?

A. ADF desktop integration
B. File-based data import (FBDI)
C. SQL Data loader
D. Geographical data providers

Answer: B,D

NEW QUESTION # 64
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A. 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.
B. The report displays all clearing company balancing lines for a period.
C. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
D. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
E. You can only drill down to the general ledger journal and then from there to the subledger journal entry.

Answer: A,C

Explanation:
According to the Oracle documentation12, the Intercompany Reconciliation Report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison (option C). The report also includes ledger balancing lines generated when the primary balancing segment value is in balance, but either the second or third balancing segment values are not (option B).Option A is incorrect because you can drill down to the general ledger journal, subledger accounting entry, and source receivables or payables transaction2.Option D is incorrect because the report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them1.Option E is incorrect because the report does not display clearing company balancing lines2.

NEW QUESTION # 65
Which two statements are true about balances cubes in General Ledger?

A. They are updated automatically when the Revaluation process is run.
B. A new balances cube is created for a unique combination of ledger and currency.
C. New dimensions can be added to a General Ledger balances cube.
D. They are updated automatically when the General Ledger period is opened.
E. They are updated automatically when the Translation process is run.

Answer: B,C

Explanation:
Balances cubes are multidimensional databases that store financial balances for interactive reporting and analysis. A balances cube is created for each unique combination of ledger and currency, and it contains dimensions such as chart of accounts segments, periods, scenarios, and other user-defined attributes. New dimensions can be added to a balances cube by using the Manage Balances Cube Dimensions task in General Ledger. Balances cubes are updated automatically when journals are posted in General Ledger, and they can also be refreshed manually by using the Refresh Balances Cube task. Balances cubes are not affected by the Translation or Revaluation processes, as these processes only update the balances tables in General Ledger. References:
Overview of Oracle General Ledger Balances Cubes1
Considerations for General Ledger Balances Cubes2
Overview of Oracle Essbase Balances Cubes3

NEW QUESTION # 66
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