Oracle - 1Z0-1054-26 - Exam Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Passing Score

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| Section | Objectives |
|---|
| Advanced Financials Features | - Allocations and automation
- 1. Automated accounting processes
- 2. Allocation rules
- Intercompany accounting
- 1. Balancing and eliminations
- 2. Intercompany transactions
|
| Accounting and Close Processes | - Financial reporting
- 1. Financial Reporting Studio usage
- 2. Account analysis and reporting
- Period close activities
- 1. Subledger to GL reconciliation
- 2. Close monitoring and reconciliation
|
| General Ledger Configuration | - Accounting configuration
- 1. Accounting calendars
- 2. Currency setup and revaluation
- Enterprise structure setup for Financials
- 1. Ledger configuration
- 2. Chart of Accounts design and setup
|
| Journal Processing | - Journal approvals and posting
- 1. Approval workflows
- 2. Posting process and controls
- Journal creation and management
- 1. Manual journals
- 2. Recurring journals
|
| Security and Integration | - Integration with subledgers
- 1. Data import and export processes
- 2. AP/AR integration with GL
- Role-based access control
- 1. Financial roles and privileges
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q82-Q87):
NEW QUESTION # 82
You have created an OTBI analysis with more than one view. You plan to add prompts to the report that are specific to each view.
Where should you define your prompts?
- A. Prompts Tab
- B. Compound Layout
- C. View Selector
- D. Analysis Properties
Answer: A
NEW QUESTION # 83
Which delivered role can access the full functionality of Functional Setup Manager?
- A. Application Implementation Consultant
- B. Any functional user
- C. IT Security Manager
- D. Application Implementation Manager
- E. Functional Setup Manager Superuser
Answer: D
Explanation:
According to Oracle documentation2, the delivered role that can access the full functionality of Functional Setup Manager is Application Implementation Manager. Functional Setup Manager is a tool that enables you to manage and perform all of the setup tasks required for an application implementation. Application Implementation Manager is a predefined role that grants access to Functional Setup Manager and all of its features, such as setup tasks, implementation projects, setup export and import, and setup reports. Therefore, option A is correct. Option B is incorrect because Functional Setup Manager Superuser is not a delivered role.
Option C is incorrect because IT Security Manager is a role that grants access to security-related tasks, not Functional Setup Manager. Option D is incorrect because any functional user does not have access to Functional Setup Manager by default. Option E is incorrect because Application Implementation Consultant is not a delivered role.
NEW QUESTION # 84
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?
- A. Share the same value set for the company and intercompany segments.
- B. Define the intercompany segment with a default value.
- C. Create two different value sets for the company and intercompany segments.
- D. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
Answer: A
Explanation:
According to Oracle documentation3, Oracle's recommended method to define a chart of accounts that includes an intercompany segment when your customer plans to use segment value security rules for the Company segment is to share the same value set for the company and intercompany segments. Sharing the same value set enables you to use segment value security rules for both segments and ensures that the values in both segments are consistent. Therefore, option B is correct. Option A is incorrect because defining the intercompany segment with a default value does not enable segment value security rules for the intercompany segment. Option C is incorrect because defining the company segment and assigning both the primary balancing segment and intercompany segment labels does not enable segment value security rules for the intercompany segment. Option D is incorrect because creating two different value sets for the company and intercompany segments does not ensure that the values in both segments are consistent.
NEW QUESTION # 85
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Each product has its own Intercompany Accounting feature that needs to be configured separately.
- B. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
- C. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
- D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
Answer: A,C
Explanation:
According to Oracle documentation1, the following statements are true regarding intercompany accounting for Financials Cloud, Projects, Inventory, and SCM: Each product has its own Intercompany Accounting feature that needs to be configured separately, and Intercompany Balancing Rules are defined centrally and applied across Financials and Projects. Intercompany accounting is the process of recording transactions between related entities within an enterprise or between groups in the same legal entity. Each product has its own Intercompany Accounting feature that enables you to create, process, and reconcile intercompany transactions. Intercompany Balancing Rules are used to generate balancing entries for journals that are out of balance by legal entity or primary balancing segment values. Intercompany Balancing Rules are defined in General Ledger and applied across Financials and Projects. Therefore, options A and C are correct. Option B is incorrect because Intercompany Balancing Rules are not used to balance cross-ledger allocation journals. Option D is incorrect because Intercompany balancing rules in General Ledger do not need to be mapped with the intercompany configuration in each product.
NEW QUESTION # 86
You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?
- A. Define the Geography Validation for Country option to No Validation.
- B. Define the Geography Validation for Country option to Error.
- C. Redefine the location structure.
- D. Redefine the geography hierarchy.
Answer: B
Explanation:
Geography validation is a feature that enables you to validate the address information entered for a location against the geography hierarchy defined for a country. You can set the Geography Validation for Country option to one of the following values:
No Validation: No validation is performed on the address information.
Warning: A warning message is displayed if the address information does not match the geography hierarchy, but the user can still save the address.
Error: An error message is displayed if the address information does not match the geography hierarchy, and the user cannot save the address until the error is corrected. To ensure that only valid addresses are entered in the system, you should set the Geography Validation for Country option to Error. This will prevent users from saving erroneous address data and enforce data quality and accuracy.Reference:
Oracle Financials Cloud: Enterprise Structures with General Ledger Implementation, Chapter 2: Define Geographies, Section: Geography Validation Oracle Financials Cloud: Implementing Enterprise Structures and General Ledger, Chapter 2: Define Geographies, Section: Geography Validation
NEW QUESTION # 87
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