1Z0-1054-26 Reliable Study Guide - Pass Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Forever

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q127-Q132):

NEW QUESTION # 127
You are implementing amultipillarimplementation of bothHCM CloudandERP Cloud. You are implementingERP first, followed byHCM Cloud. You want to ensure yourledgers and chart of accountsare correctly defined.
What should you do? (Choose three.)

A. Deploy your chart of accounts.
B. Use HCM's Enterprise Structure Configurator (ESC) first.
C. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies.
D. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets.
E. Use the Rapid Implementation spreadsheet when creating your enterprise structure.

Answer: B,D,E

NEW QUESTION # 128
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. Dependent
C. Table
D. Subset

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 # 129
You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?

A. Chart of Accounts
B. Chart of Accounts and Business Units
C. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
D. Accounting Calendar
E. Legal Entities, Business Units, and Chart of Accounts

Answer: A,D

NEW QUESTION # 130
You want to automatically post journal batches imported from subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

A. Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
B. Create your AutoPost criteria using minimal sources and categories.
C. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
D. Schedule your AutoPost Criteria set to run during off-peak hours only.

Answer: A,C

NEW QUESTION # 131
Which two statements are true if a journal description rule is defined with sources?

A. The description rule can only be assigned to the journal line level.
B. The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.
C. You cannot assign journal description rules to sources.
D. The description rule may be assigned to either the header or line level, or to both.
E. The description rule can only be assigned to the header or line level.

Answer: B,D

NEW QUESTION # 132
......

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