Quiz 2026 Marvelous 1Z0-1054-26: Exam Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Testking

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q24-Q29):

NEW QUESTION # 24
You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?

A. There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.
B. You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.
C. You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.
D. The rules validate and apply tonew accounts only.
E. The rules will validate and apply tonew and existing accounts.

Answer: C,E

NEW QUESTION # 25
Where would you enable Dynamic Combination Creation if you want account combinations to be created automatically?

A. Chart of Accounts instance
B. Chart of Accounts structure
C. Code Combination table
D. Chart of Accounts hierarchy

Answer: A

Explanation:
Dynamic Combination Creation allows Oracle Fusion General Ledger to create valid account combinations automatically when users enter segment values that pass validation and cross-validation rules. This setup is enabled at the Chart of Accounts structure instance level, commonly represented in exam wording as the Chart of Accounts instance. It is not enabled directly in the code combination table, because that table stores generated combinations rather than controlling whether they can be dynamically created. It is also not a hierarchy setting, because hierarchies organize values for reporting and rollups. The Chart of Accounts structure defines the segment framework, but the instance-level configuration controls operational behavior such as dynamic account combination creation. Oracle documentation places this setup under the Chart of Accounts structure instance configuration.

NEW QUESTION # 26
What is the key function of currency translation?

A. Measuring current financial transactions that are denominated or stated in an accounting currency into the functional currency of the entity.
B. Expressing the functional currency financial results of a subsidiary in the entity's reporting or consolidated currency.
C. Adjusting the accounted value of foreign currency-denominated balances according to current conversion rates.
D. Creating unrealized gain or loss journals for foreign currency transactions.

Answer: B

NEW QUESTION # 27
When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets.
When defining new related value sets, which three configuration steps should be considered?

A. Order of the segments does not determine filtering sequence.
B. Order of the segments determines filtering sequence
C. Use table validated type value sets only
D. Link two value sets together
E. Link multiple value sets together
F. Use independent validation type value sets only

Answer: B,D,F

NEW QUESTION # 28
Which two statements are true if a journal description rule is defined with sources?

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

Answer: A,C

NEW QUESTION # 29
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