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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Implementing Ledgers15%- Ledger configuration
Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Performing Period Close15%- Period Close configuration
- Period Close process overview
Configuring Financial Reports15%- Financial report and analysis creation
  • 1. General Accounting infolets
- Financial reporting options
Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Processing Intercompany15%- Intercompany transaction configuration
- Intercompany transaction processing and reconciliation
Implementing and Managing Journals20%- Key features and capabilities of journal processing
- Journal configuration
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

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q21-Q26):

NEW QUESTION # 21
What is the key functionality of Smart View in Oracle Cloud Financial Reporting?

Answer: C


NEW QUESTION # 22
Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:
. Prefix your alias name with 07, where 07 is
your exam ID.
. There is no Product or Intercompany
impact.

Answer:

Explanation:
See the Explanation for the complete Solution.
Explanation:
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Shorthand Aliases
Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
Click on the Add Row icon to create a new alias. Enter the following information:
Alias Name: RevDom
Account Template: 101-2000-400000-000-000-000
Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today's date End Date: Blank Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
Account Aliases
Enter a GL Account Alias
Short Hand Alias in Fusion Financials Key Flexfield
How to Enable Account Shorthand Aliases


NEW QUESTION # 23
You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values.
Which two are the reasons for this?

Answer: A,E


NEW QUESTION # 24
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: A


NEW QUESTION # 25
Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

Answer: C

Explanation:
When integrating with Oracle Hyperion Financial Management, you can use the following dimensions for consolidation: Entity, Scenario, Year, Period, Value, Account, Intercompany, Custom1 to Custom4, and View. You can map one to one, or concatenate segments from your source General Ledger to a single Hyperion Financial Management dimension. For example, you can map Company to Entity, Department to Department, and Account to Account. However, if you have segments in your source General Ledger that cannot be mapped to any Hyperion Financial Management dimension, such as Program, then the data is summarized across those segments. This means that the data is aggregated to the highest level of the unmapped segments, and the detail information is lost. For example, if you have Program as a segment in your source General Ledger, and you do not map it to any Hyperion Financial Management dimension, then the data is summarized by Program, and you cannot see the data by individual Program values in Hyperion Financial Management. References:
Example of Mapping Segments to Financial Management Dimensions
Overview of the Chart of Accounts Mapping Page


NEW QUESTION # 26
......

Candidates who become Oracle 1Z0-1054-26 certified demonstrate their worth in the Oracle field. 1Z0-1054-26 certification is proof of their competence and skills. This is a highly sought after credential and it makes career advancement easier for the candidate. To become Oracle 1Z0-1054-26 Certified, you must pass the Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional (1Z0-1054-26) Exam. For this task, you need actual and updated 1Z0-1054-26 Questions.

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