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

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional 1Z0-1054-26 Prüfungsfragen mit Lösungen (Q37-Q42):

37. Frage
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A. Natural Account
B. Secondary Balancing
C. Primary Balancing
D. Intercompany Segment
E. Cost center

Antwort: A,C,E

Begründung:
The three labels that are required when designing the chart of account structure for this project are Primary Balancing, Cost center, and Natural Account. A chart of account structure is composed of segments that represent different dimensions of accounting information, such as company, department, account, or project. Each segment has a label that indicates its function or purpose within the chart of accounts. The Primary Balancing label is required for the segment that identifies the legal entity or business unit for which financial statements are prepared and balanced. The Cost center label is required for the segment that identifies the organizational unit or function that incurs expenses or generates revenues. The Natural Account label is required for the segment that identifies the nature of an account, such as asset, liability, revenue, or expense. The Intercompany Segment label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies intercompany transactions between different legal entities or business units within the same enterprise. The Secondary Balancing label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies an additional balancing dimension other than the primary balancing segment, such as fund or region.Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Chart of Accounts12

38. Frage
A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View. Which Smart View tool would be best for this?

A. Smart Queries
B. Query Designer
C. Smart Slices
D. Account Groups

Antwort: B

Begründung:
Query Designer is a Smart View tool that enables you to create and modify ad hoc queries on General Ledger balances cubes. You can use Query Designer to select the dimensions, members, and filters that you want to include in your query, and then retrieve the data in a grid format in Excel. You can also save, open, and refresh your queries as needed. Query Designer is the best tool for producing an income statement on a regular basis using Smart View, because it allows you to easily access and analyze the income and expense accounts, as well as the ledger, period, currency, and other dimensions that are relevant for your report. You can also customize the layout and format of your grid, and use Excel functions and features to enhance your report.Reference:
Overview of Smart View
Creating an Ad Hoc Analysis in Smart View

39. Frage
You are reviewing the Intercompany Reconciliation report for the current period and notice that there is a difference for the period as indicated.

What could be reason for this difference?

A. The transaction needs to be transferred to Payables and accounted in the US ledger.
B. The transaction needs to be transferred to Payables and accounted in the UK ledger.
C. The transaction needs to be transferred to Receivables and accounted in the UK ledger.
D. The transaction needs to be transferred to Receivables and accounted in the US ledger.

Antwort: B

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

Antwort: C

41. Frage
Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
B. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
C. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.
The system will automatically update the translated balances.
D. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

Antwort: B

42. Frage
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