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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
        General Ledger Configuration- Accounting configuration
        • 1. Accounting calendars
          • 2. Currency setup and revaluation
            - Enterprise structure setup for Financials
            • 1. Chart of Accounts design and setup
              • 2. Ledger configuration
                Advanced Financials Features- Intercompany accounting
                • 1. Balancing and eliminations
                  • 2. Intercompany transactions
                    - Allocations and automation
                    • 1. Allocation rules
                      • 2. Automated accounting processes
                        Journal Processing- Journal creation and management
                        • 1. Manual journals
                          • 2. Recurring journals
                            - Journal approvals and posting
                            • 1. Approval workflows
                              • 2. Posting process and controls
                                Accounting and Close Processes- Financial reporting
                                • 1. Account analysis and reporting
                                  • 2. Financial Reporting Studio usage
                                    - Period close activities
                                    • 1. Subledger to GL reconciliation
                                      • 2. Close monitoring and reconciliation

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                                        Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q79-Q84):

                                        NEW QUESTION # 79
                                        The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
                                        Which three labels are required when designing the chart of account structure for this project? (Choose three.)

                                        Answer: A,D,E

                                        Explanation:
                                        The three labels that are required when designing the chart of account structure for this project are Primary Balancing, Cost center, and Natural Account. A chart of account structure is composed of segments that represent different dimensions of accounting information, such as company, department, account, or project.
                                        Each segment has a label that indicates its function or purpose within the chart of accounts. The Primary Balancing label is required for the segment that identifies the legal entity or business unit for which financial statements are prepared and balanced. The Cost center label is required for the segment that identifies the organizational unit or function that incurs expenses or generates revenues. The Natural Account label is required for the segment that identifies the nature of an account, such as asset, liability, revenue, or expense.
                                        The Intercompany Segment label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies intercompany transactions between different legal entities or business units within the same enterprise. The Secondary Balancing label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies an additional balancing dimension other than the primary balancing segment, such as fund or region. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Chart of Accounts 12


                                        NEW QUESTION # 80
                                        What are two uses of theColumn FlatteningandRow Flatteningfeatures?

                                        Answer: B,E


                                        NEW QUESTION # 81
                                        You are designing an approval rule where a specific person is required to approve the journal. Which two list builders should you use to achieve this?

                                        Answer: A,E


                                        NEW QUESTION # 82
                                        Your organization has frequent fund transfers between entities to meet working capital requirements and address internal financing needs. You decide to use the Multitier Intercompany functionality to address those needs.
                                        Which two components of Multitier Intercompany need to be created to generate an intercompany transaction for General Ledger?

                                        Answer: A,D


                                        NEW QUESTION # 83
                                        You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
                                        Where do you reference the statistical balance within the allocation component?

                                        Answer: C

                                        Explanation:
                                        The source is where you specify the amount to be allocated. You can use various sources, such as account balances, fixed amounts, or statistical balances. In this case, you want to use the statistical balance of the floor area as the source of the allocation. The basis is where you specify the driver or factor that determines how the source amount is distributed among the targets. The target is where you specify the destination accounts that receive the allocated amount. The offset is where you specify the account that records the opposite side of the allocation entry. The allocation range is where you specify the scope of the allocation, such as the ledger, balancing segment, or legal entity. References:
                                        Oracle Financials Cloud Implementing Enterprise Structures and General Ledger, Chapter 3: Allocations and Periodic Entries, Allocation Components Oracle Financials Cloud Using General Ledger, Chapter 3: Allocations and Periodic Entries, Overview


                                        NEW QUESTION # 84
                                        ......

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