High Pass-Rate 1Z0-1054-26 Test Cram Review–Newest Exam Practice for 1Z0-1054-26: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Configuring Financial Reports	15%	- Financial report and analysis creation 1. General Accounting infolets - Financial reporting options
Topic 2: Implementing Enterprise and Financial Reporting Structures	15%	- Configuration of Financial Reporting Structures - Key features and capabilities of Enterprise and Financial Reporting Structures 1. Chart of Accounts design
Topic 3: Leveraging AI/ML/Mobile and Automation Features	3%	- Use AI/ML/mobile and automation features for process efficiency
Topic 4: Enabling Redwood Capabilities	2%	- Enable Redwood capabilities and understand configuration impacts
Topic 5: Implementing Ledgers	15%	- Ledger configuration
Topic 6: Processing Intercompany	15%	- Intercompany transaction configuration - Intercompany transaction processing and reconciliation
Topic 7: Performing Period Close	15%	- Period Close configuration - Period Close process overview
Topic 8: Implementing and Managing Journals	20%	- Journal configuration - Key features and capabilities of journal processing

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Oracle 1Z0-1054-26 study guide

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q10-Q15):

NEW QUESTION # 10
On a primary ledger in Use system options close section, the following field has been selected:
'Prevent General Ledger Period Close When Open Subledger Periods Exist'.
What three exceptions will prevent closing of the accounting period?

A. Pending Transaction in General Ledger Interface
B. Intercompany Transactions are completed
C. Pending Intercompany Transactions
D. No pending transaction in the General Ledger Interface table

Answer: A,B,C

NEW QUESTION # 11
You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.

A. Determine the accounting impact of transactions.
B. Capture accounting events.
C. Analyze external system transactions.
D. Create the accounting in the source system and then import the journal entries into subledger accounting.

Answer: D

NEW QUESTION # 12
You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?

A. the transaction batch
B. the transaction source
C. the transaction type
D. the transaction category

Answer: C

Explanation:
According to Oracle documentation2, you enable invoicing for certain Intercompany transactions on the transaction type. The transaction type defines the characteristics of an intercompany transaction, such as whether it requires approval, whether it generates invoices, and what accounting rules apply. You can enable invoicing for a transaction type by selecting the Invoicing Options tab and choosing the invoice method, invoice source, invoice batch source, and invoice rule. Therefore, option D is correct. Option A is incorrect because you do not enable invoicing on the transaction batch. Option B is incorrect because you do not enable invoicing on the transaction category. Option C is incorrect because you do not enable invoicing on the transaction source.

NEW QUESTION # 13
Which delivered role can access the full functionality of Functional Setup Manager?

A. Functional Setup Manager Superuser
B. Any functional user
C. Application Implementation Manager
D. Application Implementation Consultant
E. IT Security Manager

Answer: C

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 # 14
A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View. Which Smart View tool would be best for this?

A. Smart Slices
B. Smart Queries
C. Account Groups
D. Query Designer

Answer: D

Explanation:
Query Designer is a Smart View tool that enables you to create and modify ad hoc queries on General Ledger balances cubes. You can use Query Designer to select the dimensions, members, and filters that you want to include in your query, and then retrieve the data in a grid format in Excel. You can also save, open, and refresh your queries as needed. Query Designer is the best tool for producing an income statement on a regular basis using Smart View, because it allows you to easily access and analyze the income and expense accounts, as well as the ledger, period, currency, and other dimensions that are relevant for your report. You can also customize the layout and format of your grid, and use Excel functions and features to enhance your report.Reference:
Overview of Smart View
Creating an Ad Hoc Analysis in Smart View

NEW QUESTION # 15
......

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