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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q125-Q130):

NEW QUESTION # 125
Which two statements are true if a journal description rule is defined with sources?

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

Answer: A,E

NEW QUESTION # 126
You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values.
Which two are the reasons for this?

A. A value for the budget scenario has not been created.
B. The Transfer Budget Balances to Budget Cubes has not been run.
C. Budgeting has not been enabled in the ledger options.
D. The Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
E. The Create Scenario Dimension Members program has not been run.

Answer: A,E

NEW QUESTION # 127
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?

A. Approval Group approval routing
B. Job Level Hierarchy approval routing
C. Supervisory Hierarchy approval routing
D. Resource approval routing
E. Position Hierarchy approval routing

Answer: A,D

NEW QUESTION # 128
Which Two predefined job roles automatically have the assigned privileges to access Financial Reporting Center?

A. Account Receivables Manager
B. General Accounting Manager
C. Budget Manager
D. Payables Supervisor
E. Intercompany Manager

Answer: B,C

NEW QUESTION # 129
For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

A. The existing historical rate is deleted.
B. The historical rate is replaced.
C. Historical rates are converted into an average rate (original and new rate).
D. Nothing, existing historical rates are not updated.

Answer: B

Explanation:
If you use insert in the spreadsheet to load the monthly historical rates by using FBDI, the existing historical rate for a specific ledger, currency, account combination, and accounting period will be replaced by the new rate. This is because the insert action will overwrite the existing rate with the new rate in the GL_HISTORICAL_RATES_INT table. If you want to preserve the existing rate, you should use update or delete actions instead.Reference:
How Historical Rates Import Data Is Processed, Section: Use the Historical Rates Import file-based data import (FBDI) template to import historical rates from external and legacy sources to Oracle General Ledger Import Historical Rates, Section: Details Entering Historical Rates, Section: Entering Historical Rates

NEW QUESTION # 130
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