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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Security and Integration- Integration with subledgers
  • 1. AP/AR integration with GL
    • 2. Data import and export processes
      - Role-based access control
      • 1. Financial roles and privileges
        Accounting and Close Processes- Period close activities
        • 1. Subledger to GL reconciliation
          • 2. Close monitoring and reconciliation
            - Financial reporting
            • 1. Account analysis and reporting
              • 2. Financial Reporting Studio usage
                Advanced Financials Features- Allocations and automation
                • 1. Allocation rules
                  • 2. Automated accounting processes
                    - Intercompany accounting
                    • 1. Intercompany transactions
                      • 2. Balancing and eliminations
                        Journal Processing- Journal approvals and posting
                        • 1. Posting process and controls
                          • 2. Approval workflows
                            - Journal creation and management
                            • 1. Manual journals
                              • 2. Recurring journals
                                General Ledger Configuration- Accounting configuration
                                • 1. Currency setup and revaluation
                                  • 2. Accounting calendars
                                    - Enterprise structure setup for Financials
                                    • 1. Chart of Accounts design and setup
                                      • 2. Ledger configuration

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                                        Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q59-Q64):

                                        NEW QUESTION # 59
                                        You are using account hierarchies for reporting and allocations.
                                        Which two statements are true about these types of hierarchies? (Choose two.)

                                        Answer: A,D

                                        Explanation:
                                        According to the Oracle documentation34, account hierarchies are defined in Oracle Fusion applications using tree functionality. Each account hierarchy is defined as a tree with one or more versions. You can have only one version of a hierarchy published to the Essbase cube at any time (option A). Child values in these hierarchies can belong to only one parent (option D).Option B is incorrect becausehierarchies for reporting and allocations must be published to Essbase cubes5. Option C is incorrect because it contradicts option B.


                                        NEW QUESTION # 60
                                        You are planning to create an Income Statement using Smart View.
                                        Which Smart View tool should you use for this?

                                        Answer: C

                                        Explanation:
                                        To create an Income Statement using Smart View, you should use Ad Hoc Analysis. Ad Hoc Analysis is a Smart View tool that allows users to view and analyze financial data from General Ledger Cloud using Essbase cubes. Users can create reports such as Income Statements or Balance Sheets by selecting dimensions and members from Essbase cubes and retrieving data into Excel worksheets. Users can also perform actions such as drilling down, pivoting, zooming in or out, or expanding or collapsing members


                                        NEW QUESTION # 61
                                        In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
                                        Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

                                        Answer: B,D

                                        Explanation:
                                        To add a global branding logo and more predefined transactional attributes to the journal approval email notification, you should copy (or customize) and edit the layout template and the data model. The layout template is a file that defines the appearance and content of the notification, such as text, images, tables, or charts. The data model is a file that defines the data sources and queries that provide data for the notification, such as predefined transactional attributes. You can copy (or customize) and edit the layout template and the data model using Oracle Analytics Publisher reports. You do not need to copy (or customize) and edit the output type, as this is a setting that determines the format of the notification output, such as HTML or PDF.
                                        You do not need to copy (or customize) and edit the style template, as this is a file that defines the styles and formatting of the notification elements, such as fonts, colors, or margins. You do not need to copy (or customize) and edit the sub template, as this is a file that contains reusable content or logic that can be referenced by multiple layout templates. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Configure Workflow Approvals and Notifications 12


                                        NEW QUESTION # 62
                                        An Oracle Fusion Cloud customer operating in the financial services sector requires only a subset of the legal entities data captured in the primary ledgers to be transferred to the secondary ledgers.
                                        Which journal data conversion level should be selected between the primary and secondary ledgers to achieve this?

                                        Answer: A


                                        NEW QUESTION # 63
                                        What is the key functionality of Smart View in Oracle Cloud Financial Reporting?

                                        Answer: B


                                        NEW QUESTION # 64
                                        ......

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