Oracle 1Z0-1054-26 Pdf Questions - Outstanding Practice To your Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Exam

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| Section | Weight | Objectives |
|---|
| Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts
|
| Processing Intercompany | 15% | - Intercompany transaction configuration - Intercompany transaction processing and reconciliation
|
| Implementing and Managing Journals | 20% | - Journal configuration - Key features and capabilities of journal processing
|
| Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
- 1. Chart of Accounts design
- Configuration of Financial Reporting Structures
|
| Configuring Financial Reports | 15% | - Financial report and analysis creation
- 1. General Accounting infolets
- Financial reporting options
|
| Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency
|
| Implementing Ledgers | 15% | - Ledger configuration
|
| Performing Period Close | 15% | - Period Close process overview - Period Close configuration
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q42-Q47):
NEW QUESTION # 42
What is the key functionality of Smart View in Oracle Cloud Financial Reporting?
- A. It is a mobile application for accessing real-time financial dashboards on smartphones and tablets.
- B. It is an Excel based add in that integrates with Oracle Essbase GL data for performing financial analysis and reporting.
- C. It is a data visualization tool that offers a library of interactive charts and graphs for financial analysis.
Answer: B
NEW QUESTION # 43
Which two statements are true about infotiles and infolets?
- A. Infolets are accessed only from the News Feed home page layout.
- B. Infotiles have Front view. Back view, and Expanded view.
- C. You can create your own user-defined infolets.
- D. Infotiles pull data from a Smart View analysis.
- E. You can refresh infolets to see up-to-date data.
Answer: B,E
Explanation:
Infotiles and infolets are graphical components that display key information and metrics on the General Accounting dashboard. They help users access many sources of information across the enterprise in an efficient, timely, and engaging manner. Infolets can be refreshed to see up-to-date data by clicking the Refresh icon on the infolet. Infotiles have three views: Front view, which shows a summary of the most important information; Back view, which shows additional details and actions; and Expanded view, which shows a full-screen view of the infotile content.Reference:
Oracle Financials Cloud: Using General Ledger, Chapter 6: Financial Reporting and Analysis, Section: General Accounting Infolets Oracle Financials Cloud: Implement General Ledger, Chapter 1: Overview of Oracle Financials Cloud, Section: Overview of Using Infolets to Identify Issues and Prioritize Tasks
NEW QUESTION # 44
You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report? '
- A. Third Party Control Account
- B. End Date
- C. Reconcile
- D. Financial Category
- E. Start Date
Answer: D
NEW QUESTION # 45
You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?
- A. the transaction category
- B. the transaction source
- C. the transaction batch
- D. the transaction type
Answer: D
Explanation:
According to Oracle documentation2, you enable invoicing for certain Intercompany transactions on the transaction type. The transaction type defines the characteristics of an intercompany transaction, such as whether it requires approval, whether it generates invoices, and what accounting rules apply. You can enable invoicing for a transaction type by selecting the Invoicing Options tab and choosing the invoice method, invoice source, invoice batch source, and invoice rule. Therefore, option D is correct. Option A is incorrect because you do not enable invoicing on the transaction batch. Option B is incorrect because you do not enable invoicing on the transaction category. Option C is incorrect because you do not enable invoicing on the transaction source.
NEW QUESTION # 46
Which Two are key capabilities of Account Groups within the General Accounting Dashboard?
- A. Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.
- B. Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.
- C. Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.
- D. Monitor key accounts automatically in real time on an exception or permanent basis.
Answer: C,D
NEW QUESTION # 47
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