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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Performing Period Close15%- Period Close process overview
- Period Close configuration
Topic 2: Configuring Financial Reports15%- Financial report and analysis creation
  • 1. General Accounting infolets
- Financial reporting options
Topic 3: Processing Intercompany15%- Intercompany transaction configuration
- Intercompany transaction processing and reconciliation
Topic 4: Implementing and Managing Journals20%- Key features and capabilities of journal processing
- Journal configuration
Topic 5: Implementing Ledgers15%- Ledger configuration
Topic 6: Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Topic 7: 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
Topic 8: Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q130-Q135):

NEW QUESTION # 130
You have created an OTBI analysis with more than one view. You plan to add prompts to the report that are specific to each view.
Where should you define your prompts?

Answer: C


NEW QUESTION # 131
You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

Answer: D

Explanation:
To view high-level profit and loss results for each ledger in the Close Monitor, you need to associate a Financial Reporting Web Studio report with the ledger set. This report should be based on the General Ledger Balances cube and should include the Income Statement account group as a row dimension. The report should also have the ledger set as a point of view dimension and the period and currency as user prompts. This way, you can select the ledger set, period, and currency when you run the report from the Close Monitor and see the aggregated income statement results for each ledger and consolidation node in the ledger set hierarchy. References: Overview of Close Monitor, Using General Ledger, Close Monitor Issue


NEW QUESTION # 132
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?

Answer: D


NEW QUESTION # 133
Which Two predefined job roles automatically have the assigned privileges to access Financial Reporting Center?

Answer: D,E


NEW QUESTION # 134
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

Answer: A,E

Explanation:
A primary ledger is the main ledger for a legal entity or business unit that records all accounting transactions and maintains the accounting balances. A secondary ledger is an optional ledger that is associated with a primary ledger and maintains accounting balances in a different accounting representation. A reporting currency is an optional currency that is associated with a primary ledger and maintains accounting balances in a different currency. In this scenario, the subsidiary company needs to produce fiscal reports under local GAAP and local currency, as well as report to the parent company using IFRS and not local currency.
Therefore, the subsidiary company should configure a primary ledger with the local accounting convention and local currency, and a secondary ledger with the IFRS accounting convention and not local currency. A reporting currency with the local accounting convention or the IFRS accounting convention would not meet the requirement, as it would only maintain balances in a different currency, not a different accounting representation. A primary ledger with the IFRS accounting convention would not meet the requirement, as it would not comply with the local GAAP. References:
Oracle Financials Cloud Implementing Enterprise Structures and General Ledger, Chapter 2: Ledgers, Primary Ledgers, Secondary Ledgers, and Reporting Currencies Oracle Financials Cloud Using General Ledger, Chapter 1: Introduction, Ledgers and Subledgers, Primary Ledgers, Secondary Ledgers, and Reporting Currencies


NEW QUESTION # 135
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