Quiz 2026 1Z0-1054-26: Updated Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional New Dumps Pdf

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

Section	Objectives
Journal Processing	- Journal approvals and posting 1. Approval workflows 2. Posting process and controls - Journal creation and management 1. Manual journals 2. Recurring journals
Accounting and Close Processes	- Financial reporting 1. Financial Reporting Studio usage 2. Account analysis and reporting - Period close activities 1. Close monitoring and reconciliation 2. Subledger to GL reconciliation
General Ledger Configuration	- Enterprise structure setup for Financials 1. Ledger configuration 2. Chart of Accounts design and setup - Accounting configuration 1. Currency setup and revaluation 2. Accounting calendars
Security and Integration	- Integration with subledgers 1. Data import and export processes 2. AP/AR integration with GL - Role-based access control 1. Financial roles and privileges
Advanced Financials Features	- Intercompany accounting 1. Balancing and eliminations 2. Intercompany transactions - Allocations and automation 1. Automated accounting processes 2. Allocation rules

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Quiz Oracle - Authoritative 1Z0-1054-26 - Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional New Dumps Pdf

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q135-Q140):

NEW QUESTION # 135
You are creating values for thechart of account value setthat you are planning to use for theaccount segmentwithin yourChart of Accounts. You are not able to assign anAccount Type.
What is the reason for this?

A. The Account Type qualifier has not been enabled when defining the value set.
B. You have not set the Allow Budgeting attribute for the value set.
C. You are creating values before assigning the value set to the structure.
D. You have not set the Allow Posting attribute for the value set.

Answer: A

NEW QUESTION # 136
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
B. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
C. Each product has its own Intercompany Accounting feature that needs to be configured separately.
D. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.

Answer: C,D

Explanation:
According to Oracle documentation1, the following statements are true regarding intercompany accounting for Financials Cloud, Projects, Inventory, and SCM: Each product has its own Intercompany Accounting feature that needs to be configured separately, and Intercompany Balancing Rules are defined centrally and applied across Financials and Projects. Intercompany accounting is the process of recording transactions between related entities within an enterprise or between groups in the same legal entity. Each product has its own Intercompany Accounting feature that enables you to create, process, and reconcile intercompany transactions. Intercompany Balancing Rules are used to generate balancing entries for journals that are out of balance by legal entity or primary balancing segment values. Intercompany Balancing Rules are defined in General Ledger and applied across Financials and Projects. Therefore, options A and C are correct. Option B is incorrect because Intercompany Balancing Rules are not used to balance cross-ledger allocation journals.
Option D is incorrect because Intercompany balancing rules in General Ledger do not need to be mapped with the intercompany configuration in each product.

NEW QUESTION # 137
Your customer isexpanding its operations. You defined a newledgerand severalbusiness units. However, you areunable to assignthe newly generateddata rolesto existingAccounts Payables and Accounts Receivablesusers in the shared service center.
What should you do to correct the problem?

A. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
B. Open Access Policy Manager (APM) and assign the roles manually.
C. Open the Manage Users page and make sure the employees at
D. Open the Oracle Identity Management (OIM) and make sure the data roles were created.

Answer: B

NEW QUESTION # 138
Which two can you use to import geographical data?

A. Geographical data providers
B. ADF desktop integration
C. SQL Data loader
D. File-based data import (FBDI)

Answer: A,D

NEW QUESTION # 139
What is the role of the OTBI Reporting tool in Oracle Cloud Financial Reporting?

A. It allows users to create, manage, and deliver high-fidelity, pixel-perfect reports and documents that can be scheduled to run at specific intervals.
B. It allows users to generate ad hoc reports, analyze financial data, and create user-defined analytics directly from the transaction tables.
C. It allows users to perform spreadsheet-based multidimensional analysis from Microsoft Excel.
D. It allows users to design boardroom-ready financial statements, ensuring compliance with regulatory accounting standards.

Answer: B

Explanation:
OTBI, or Oracle Transactional Business Intelligence, is designed for real-time operational and ad hoc analysis using transactional subject areas. In Financials, users can create analyses, dashboards, prompts, and user-defined analytics directly from transaction data. This is different from Financial Reporting Web Studio, which is used for boardroom-quality financial statements based on balances cubes. It is also different from BI Publisher, which is used for formatted, pixel-perfect reports and scheduled document output. Spreadsheet-based multidimensional analysis is the role of Smart View.
Therefore, the correct OTBI description is ad hoc reporting and transactional analysis. Oracle documentation describes OTBI as supporting analyses against transactional data, including financial subject areas such as General Ledger and Intercompany.

NEW QUESTION # 140
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