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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q101-Q106):

NEW QUESTION # 101
You are designing an approval rule where a specific person is required to approve the journal. Which two list builders should you use to achieve this?

A. Job Level Hierarchy approval routing
B. Position Hierarchy approval routing
C. Supervisory Hierarchy approval routing
D. Resource approval routing
E. Approval Group approval routing

Answer: D,E

NEW QUESTION # 102
You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?

A. The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.
B. The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.
C. The members of the Close Monitor hierarchy must all share the same accounting convention.

Answer: B

NEW QUESTION # 103
What is the key function of currency revaluation?

A. Converting the accounted balances from one currency to another target currency
B. Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity
C. Adjusting the accounted value of foreign currency denominated balances according to current conversion rates

Answer: C

NEW QUESTION # 104
Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?

A. Assign the security context value of UK Ledger to the user/role combination.
B. Create a data access set that allows access to the UK Ledger.
C. Assign the UK reference set to the user/role combination.
D. Assign the General Accounting Manager role to those users.

Answer: B

Explanation:
Data access sets are collections of ledgers that define the data security for users who access General Ledger.
Users can only access the ledgers that are assigned to them through data access sets. To allow users with the General Accountant job role to access the UK Ledger, you need to create a data access set that includes the UK Ledger and assign it to the user/role combination. You also need to specify the access privilege for the data access set, which can be Full Ledger, Both Read and Write, or Read Only. In this case, you need to select Both Read and Write to allow read/write access to the full ledger. References:
Implement General Ledger
GL_ACCESS_SET_LEDGERS
The Default Data Access Set
Overview of General Ledger Security

NEW QUESTION # 105
What are two uses of theColumn FlatteningandRow Flatteningfeatures?

A. Create additional versions of a tree.
B. Set the status of a tree to active.
C. Verify correctness of trees.
D. View information for runtime performance.
E. Optimize parent/child relationships.

Answer: D,E

NEW QUESTION # 106
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