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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
Accounting and Close Processes	- Period close activities 1. Close monitoring and reconciliation 2. Subledger to GL reconciliation - Financial reporting 1. Financial Reporting Studio usage 2. Account analysis and reporting
Journal Processing	- Journal approvals and posting 1. Posting process and controls 2. Approval workflows - Journal creation and management 1. Recurring journals 2. Manual journals
Advanced Financials Features	- Intercompany accounting 1. Intercompany transactions 2. Balancing and eliminations - Allocations and automation 1. Automated accounting processes 2. Allocation rules
General Ledger Configuration	- Enterprise structure setup for Financials 1. Chart of Accounts design and setup 2. Ledger configuration - Accounting configuration 1. Accounting calendars 2. Currency setup and revaluation

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q125-Q130):

NEW QUESTION # 125
You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

A. Chart of accounts rule
B. Ledger-level rule
C. Primary balancing segment rule
D. Legal entity-level rule

Answer: A

Explanation:
You should define the default intercompany balancing rule at the legal entity level, because each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value. This way, you can specify the intercompany receivables and payables accounts for each legal entity and ensure that the journals are balanced by legal entity or primary balancing segment values. A ledger-level rule would apply to all legal entities in the ledger, which may not be appropriate if they have different intercompany accounts. A primary balancing segment rule would apply to all ledgers that share the same chart of accounts, which may not be desirable if they have different intercompany rules. A chart of accounts rule would apply to all ledgers and legal entities that use the same chart of accounts, which may not be feasible if they have different intercompany segments or accounts. References:
Intercompany Balancing Rules, Section: Define Intercompany Balancing Rules Overview of Intercompany Balancing Rules, Section: Define Intercompany Balancing Rules Troubleshooting Guide For Intercompany Balancing, Section: 1. Journals and subledger accounting entries are not being balanced for intercompany activity Implement General Ledger, Section: Intercompany Balancing

NEW QUESTION # 126
Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 137,000 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.25 USD.
What two statements are true about the resulting revaluation run?

A. You have an unrealized exchange gain recorded.
B. You have an unrealized exchange loss recorded.
C. The original journal entry in Euros remains the same.
D. The original journal entry in Euros is updated.

Answer: A,C

Explanation:
The original foreign currency journal is not changed by revaluation. Revaluation creates a separate revaluation journal to adjust the accounted ledger-currency value of foreign-currency-denominated balances. Here, the original USD equivalent is 137,000 USD, but the revalued amount is 100,000 EUR ×
1.25 = 125,000 USD. Because the liability balance decreases from 137,000 USD to 125,000 USD, the company records an unrealized exchange gain. A liability becoming smaller in ledger currency is favorable, so it is a gain, not a loss. The Euro transaction balance remains intact because revaluation adjusts the accounted value, not the original entered currency transaction. Oracle General Ledger revaluation uses generated journals to record unrealized gain or loss adjustments rather than rewriting the original journal.

NEW QUESTION # 127
You are required to changetoday's daily ratesfor convertingGBP to USD. What are three ways in which you can update existing daily rates?

A. Edit existing transactions and update the rates manually.
B. Use the spreadsheet loader from the Currency Rates Manager.
C. Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.
D. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
E. Import daily rates through the Daily Rates open interface table.

Answer: B,C,E

NEW QUESTION # 128
What is the key function of currency revaluation?

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

Answer: B

NEW QUESTION # 129
Which three factors should you consider while specifying Intercompany System options?

A. Automatic or manual batch numbering and the maximum transaction amount
B. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
C. Approvers who will approve intercompany transactions
D. Automatic or manual batch numbering and the minimum transaction amount
E. Whether to allow receivers to reject intercompany transactions

Answer: B,D,E

Explanation:
Intercompany System options are used to set up intercompany processing rules at the enterprise level, based on your specific business needs. They help you standardize and simplify transaction processing, minimize disputes, and reduce administrative costs. The three factors that you should consider while specifying Intercompany System options are:
Automatic or manual batch numbering and the minimum transaction amount: These options help you control the numbering and the size of intercompany transactions. You can choose to use system generated or manual batch numbering, and you can specify a minimum threshold amount for intercompany transactions to prevent immaterial transactions. To use the minimum transaction amount option, you must also select an Intercompany currency option.
Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies: This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions.
You can choose to standardize transaction processing by selecting an Intercompany currency, which means that all intercompany transactions created in the Intercompany module are entered in this currency.
Alternatively, you can choose to allow intercompany transactions in local currencies, which means that intercompany transactions can be entered in the ledger currency of the sender or the receiver.
Whether to allow receivers to reject intercompany transactions: This option helps you handle the approval and dispute resolution process for intercompany transactions. You can choose to allow receivers to reject intercompany transactions if they disagree with the sender's information, such as the amount, the account, or the date. If you enable this option, you must also specify the rejection reason and the notification details for the sender.
Intercompany System Options
Implementing Enterprise Structures and General Ledger
Implement General Ledger

NEW QUESTION # 130
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