Free PDF Quiz Unparalleled 1Z0-1054-26 - Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

Section	Objectives
Topic 1: 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
Topic 2: Advanced Financials Features	- Intercompany accounting 1. Balancing and eliminations 2. Intercompany transactions - Allocations and automation 1. Allocation rules 2. Automated accounting processes
Topic 3: Journal Processing	- Journal approvals and posting 1. Approval workflows 2. Posting process and controls - Journal creation and management 1. Recurring journals 2. Manual journals
Topic 4: 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
Topic 5: General Ledger Configuration	- Enterprise structure setup for Financials 1. Ledger configuration 2. Chart of Accounts design and setup - Accounting configuration 1. Currency setup and revaluation 2. Accounting calendars

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q34-Q39):

NEW QUESTION # 34
You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.

A. Analyze external system transactions.
B. Create the accounting in the source system and then import the journal entries into subledger accounting.
C. Capture accounting events.
D. Determine the accounting impact of transactions.

Answer: B

NEW QUESTION # 35
Financial Reporting Web Studio is a powerful tool within the Oracle Fusion Cloud suite, designed to empower financial professionals with advanced reporting capabilities.
Which two are key capabilities of Financial Reporting Web Studio?

A. It can be used to create financial statements.
B. It helps group reports or books into batches for processing or scheduling.
C. It uses a drag and drop interface for report design.
D. It provides Batch Bursting options including e-mail and print.

Answer: A,C

NEW QUESTION # 36
Which two statements are true regarding the Translation process? (Choose two.)

A. If necessary, before submitting the Translation process, the Revaluation process should be completed.
B. The Translation process should be run before posting Period Close adjustment entries.
C. The Translation process can only be used for translating the balances of Secondary ledgers.
D. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
E. The Translation process can only be used to translate balance sheet accounts.

Answer: A,D

Explanation:
According to Oracle documentation1, the following statements are true regarding the Translation process:
Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account, and if necessary, before submitting the Translation process, the Revaluation process should be completed. The Translation process enables you to translate balances from one currency to another for reporting purposes.
The Translation process calculates any difference between the translated balance and the entered balance and posts it to the Cumulative Translation Adjustment account. The Revaluation process enables you to adjust balances denominated in foreign currencies to reflect current exchange rates. The Revaluation process should be completed before the Translation process to ensure that the balances are accurate. Therefore, options A and B are correct. Option C is incorrect because the Translation process should be run after posting Period Close adjustment entries. Option D is incorrect because the Translation process can be used for translating the balances of primary ledgers, secondary ledgers, and reporting currencies. Option E is incorrect because the Translation process can be used to translate both balance sheet accounts and income statement accounts.

NEW QUESTION # 37
Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A. The unmapped segments default to future use segments in Hyperion Financial Management.
B. Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
C. No data is transferred.
D. Data is summarized across segments that are not mapped to Hyperion Financial Management.

Answer: D

Explanation:
When integrating with Oracle Hyperion Financial Management, you can use the following dimensions for consolidation: Entity, Scenario, Year, Period, Value, Account, Intercompany, Custom1 to Custom4, and View. You can map one to one, or concatenate segments from your source General Ledger to a single Hyperion Financial Management dimension. For example, you can map Company to Entity, Department to Department, and Account to Account. However, if you have segments in your source General Ledger that cannot be mapped to any Hyperion Financial Management dimension, such as Program, then the data is summarized across those segments. This means that the data is aggregated to the highest level of the unmapped segments, and the detail information is lost. For example, if you have Program as a segment in your source General Ledger, and you do not map it to any Hyperion Financial Management dimension, then the data is summarized by Program, and you cannot see the data by individual Program values in Hyperion Financial Management.Reference:
Example of Mapping Segments to Financial Management Dimensions
Overview of the Chart of Accounts Mapping Page

NEW QUESTION # 38
Your customer has alarge number of legal entities. Thelegal entity valuesare defined in thecompany segment and the primary balancing segment.
They want to easily createeliminating entriesfor theintercompany activity.
What should you recommend?

A. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
C. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
D. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.

Answer: D

NEW QUESTION # 39
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