It is difficult to get the 1Z0-1054-26 certification for you need have extremely high concentration to have all test sites in mind. Our 1Z0-1054-26 learning questions can successfully solve this question for the content are exactly close to the changes of the real exam. When you grasp the key points, nothing will be difficult for you anymore. Our professional experts are good at compiling the 1Z0-1054-26 training guide with the most important information. Believe in us, and your success is 100% guaranteed!
| Section | Objectives |
|---|---|
| Topic 1: Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
| Topic 2: Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| Topic 3: General Ledger Configuration | - Ledger setup and accounting configuration - Accounting calendar and currency setup - Chart of Accounts structure and segments |
| Topic 4: Journal Processing | - Journal creation and approval workflows - Journal import and automation - Recurring journals and allocations |
| Topic 5: Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
>> Latest 1Z0-1054-26 Test Materials <<
Now, the test syllabus of the 1Z0-1054-26 exam is changing every year. More and more people choose to prepare the exam to improve their ability. So the 1Z0-1054-26 exam becomes more difficult than before. For our experts, they are capable of seizing the tendency of the real exam. The questions and answers of our 1Z0-1054-26 Guide materials will change every year according to the examination outlines. And we always keep them to be the latest and accurate.
NEW QUESTION # 118
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
Answer: B,C
Explanation:
The two true statements for the resulting revaluation run are that you have an unrealized exchange gain recorded and you have an unrealized exchange loss recorded. Revaluation is a process that adjusts foreign currency balances to reflect current exchange rates at period end. Revaluation creates journal entries to record unrealized exchange gains or losses on foreign currency balances based on revaluation rates defined for each currency. In this scenario, you have a balance on the Accounts Payable Liability Account of 100,000 Euros which is equivalent to USD 136,550 at month end. The month end exchange rate for revaluation is 1 Euro =
1.3755 USD. Therefore, after revaluation, your balance on the Accounts Payable Liability Account will be USD 137,550 (100,000 x 1.3755). This means you have an unrealized exchange gain of USD 1,000 (137,550
- 136,550) on your Accounts Payable Liability Account because your liability in foreign currency has decreased in terms of your ledger currency due to exchange rate fluctuations. Revaluation will create a journal entry to debit your Accounts Payable Liability Account by USD 1,000 and credit your Unrealized Exchange Gain Account by USD 1,000 to record this gain. The original journal entry in Euros is not updated by revaluation, as revaluation only creates new journal entries to adjust foreign currency balances in terms of ledger currency based on revaluation rates. There is no unrealized exchange gain or loss calculated by revaluation, as revaluation does calculate unrealized exchange gains or losses on foreign currency balances based on revaluation rates.
NEW QUESTION # 119
Which two statements are true about the Intercompany Reconciliation report?
Answer: D,E
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 # 120
You attempt to activate a tree version, but the audit process fails. In which two ways can you resolve this?
Answer: A,C
NEW QUESTION # 121
You have decided to use the Journal Attachments Audit feature to monitor and adhere to compliance policies.
Journals created from which mode are eligible for auditing?
Answer: A
Explanation:
The Journal Attachments Audit feature is intended to monitor journal attachments that are added through the journal user interface. This control is compliance-focused because journal preparers and approvers often attach supporting evidence, backup schedules, approval documents, or audit justification directly while creating or editing journals online. FBDI, ADFdi, and Journal Import are primarily data-load or integration methods for journal creation and are not the eligible source mode for this specific attachment audit behavior. The key point is that the audit feature is scoped to journals where attachments are maintained interactively in the UI. Therefore, the correct answer is journals created in the user interface. This is the only option that aligns with the functional purpose of Journal Attachments Audit in General Ledger compliance monitoring.
NEW QUESTION # 122
You are planning to use Financial Reporting Web Studio to create your income statement and balance sheet reports.
Which report component allows you to connect with GL Balances Cube?
Answer: B
NEW QUESTION # 123
......
The Oracle 1Z0-1054-26 certification exam is one of the top-rated career booster certifications in the market. This Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional (1Z0-1054-26) certification offers a great opportunity for Oracle aspirants to validate their skills and knowledge. By doing this they can gain several personal and professional benefits. These 1Z0-1054-26 Certification benefits help them not only prove their expertise but also enable them to gain multiple career opportunities in the highly competitive market.
Free 1Z0-1054-26 Vce Dumps: https://www.dumpsactual.com/1Z0-1054-26-actualtests-dumps.html