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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Implementing Ledgers15%- Ledger configuration
Configuring Financial Reports15%- Financial reporting options
- Financial report and analysis creation
  • 1. General Accounting infolets
Implementing Enterprise and Financial Reporting Structures15%- Configuration of Financial Reporting Structures
- Key features and capabilities of Enterprise and Financial Reporting Structures
  • 1. Chart of Accounts design
Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Processing Intercompany15%- Intercompany transaction processing and reconciliation
- Intercompany transaction configuration
Implementing and Managing Journals20%- Journal configuration
- Key features and capabilities of journal processing
Performing Period Close15%- Period Close process overview
- Period Close configuration

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q95-Q100):

NEW QUESTION # 95
You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?

Answer: C


NEW QUESTION # 96
Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?

Answer: A,E


NEW QUESTION # 97
Your company hascomplex consolidation requirementswithmultiple general ledger instances. You are usingOracle Hyperion Financial Managementto consolidate the disparateGeneral Ledgers.
You can typically map segments between yourgeneral ledger segmentto aHyperion Financial Management segment, such as:
Company to Entity
Department to Department
Account to Account
What happens to segments in yoursource general ledger, such asProgram, thatcannot be mappedtoHyperion Financial Management?

Answer: A


NEW QUESTION # 98
Which two statements are true about the Intercompany Reconciliation report?

Answer: A,C

Explanation:
The Intercompany Reconciliation report is a tool that helps you reconcile your intercompany transactions and identify any discrepancies between the provider and receiver sides. The report shows the entered or transaction amount of the accounting entries booked to the intercompany receivables and payables accounts for a pair of provider and receiver legal entities. The accounted amounts may be different when the conversion rates used for the intercompany receivables and payables are different. Therefore, you can run the report using an additional currency and conversion rate that converts all amounts into a common currency for comparison. This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions. The report also displays the intercompany receivables and payables balances in summary for a period, and any differences between them. You can drill down on the links to view the balances by source and then by journal lines. You have full drill-down capabilities to the general ledger journal, subledger accounting entry, and source receivables or payables transaction. References:
Intercompany Reconciliation
Intercompany Reconciliation Reports


NEW QUESTION # 99
You are defining an income statement report using Financial Reporting Web Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?

Answer: A


NEW QUESTION # 100
......

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