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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Recurring journals and allocations
- Journal import and automation
- Journal creation and approval workflows
Topic 2: Period Close and Reconciliation- Period close process in General Ledger
- Account reconciliation and balancing
Topic 3: General Ledger Configuration- Chart of Accounts structure and segments
- Ledger setup and accounting configuration
- Accounting calendar and currency setup
Topic 4: Security and Controls- Audit and compliance controls
- Role-based access control in General Ledger
Topic 5: Financial Reporting- Real-time reporting and analytics
- Financial Statement Generator (FSG) and reporting tools

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2026 1Z0-1054-26 Valid Braindumps Ppt: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional โ€“ Realistic 1Z0-1054-26 Valid Test Answers

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q70-Q75):

NEW QUESTION # 70
You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.

You get #Missing instead of a balance. What value did you not specify, which resulted in this?

Answer: D


NEW QUESTION # 71
You are processing intercompany transactions in a country where accounting regulations require backing documents for each intercompany transfer. You decide to use the Intercompany module to ensure you can produce the relevant Accounts Payable and Accounts Receivable invoices.
How would you enable invoicing?

Answer: D

Explanation:
Invoicing behavior for intercompany transactions is controlled by the Intercompany Transaction Type.
The transaction type determines whether the intercompany transaction is transferred directly to General Ledger or whether it requires invoicing through Receivables and Payables. This is why the invoicing option must be selected for the relevant transaction type, not merely in system options or on the intercompany organization. Assigning Receivables and Payables business units is necessary when invoices are required, but that assignment does not itself enable invoicing for the transaction flow. The key setup decision is made at the transaction type level. Oracle documentation explains that intercompany transaction type attributes determine whether transactions are sent to General Ledger or require invoice generation in Receivables and Payables.


NEW QUESTION # 72
Which two are valid Data Access Set types? (Choose two.)

Answer: D,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. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers 12


NEW QUESTION # 73
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?

Answer: C


NEW QUESTION # 74
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?

Answer: B


NEW QUESTION # 75
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