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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Implementing and Managing Journals | 20% | - Journal configuration - Key features and capabilities of journal processing |
| Topic 2: Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Topic 3: Implementing Ledgers | 15% | - Ledger configuration |
| Topic 4: Performing Period Close | 15% | - Period Close process overview - Period Close configuration |
| Topic 5: Configuring Financial Reports | 15% | - Financial reporting options - Financial report and analysis creation
|
| Topic 6: Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Topic 7: Implementing Enterprise and Financial Reporting Structures | 15% | - Configuration of Financial Reporting Structures - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Topic 8: Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
The Oracle 1Z0-1054-26 exam questions in the web-based practice test are real and accurate. This Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional (1Z0-1054-26) practice exam is compatible with Mac, Linux, iOS, Android, and Windows. Likewise, no particular software installation or plugin is required because it is a browser-based Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional (1Z0-1054-26) practice exam. Chrome, Internet Explorer, Firefox, Safari, Opera, and all the major browsers support the web-based Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional (1Z0-1054-26) practice exam.
NEW QUESTION # 32
You have enabled the ledger option "Limit a journal to a single currency." However, users are reporting that they can enter more than one currency when using the Create Journal task.
How would you resolve this issue?
Answer: D
Explanation:
The ledger option alone does not enforce the single-currency restriction for every journal source automatically. Oracle General Ledger applies this restriction at the journal source level. Since users are creating journals manually through the Create Journal task, the relevant source is the Manual journal source. Therefore, to stop users from entering multiple currencies in a manually created journal, the Limit Journal to the Single Currency option must be enabled for the Manual source. The category is not the controlling setup point, and the restriction is not enabled by currency value. Oracle documentation explains that single-currency enforcement is configured by journal source, and applicable journal sources must have the option enabled for the restriction to apply.
NEW QUESTION # 33
After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)
Answer: C,D
Explanation:
To achieve the requirement of only single currency journals being entered for this company, you should enable "Limit a Journal to a Single Currency" on both ledger options and journal sources. Ledger options are settings that apply to a specific ledger, such as journal processing options, currency options, and average balance processing options. Journal sources are identifiers that indicate where a journal originated, such as manual entry, subledger accounting, or import. You can enable "Limit a Journal to a Single Currency" on both ledger options and journal sources using the Specify Ledger Options and Manage Journal Sources tasks in Setup and Maintenance. This will enforce single currency journals for journals entered on the Create Journal page and for journals that are imported. You do not need to enable "Limit a Journal to a Single Currency" on journal lookup codes, as these are codes that indicate the status of a journal, such as Entered, Posted, or Reversed. You do not need to enable "Limit a Journal to a Single Currency" on journal category, as this is an attribute that classifies journals by purpose or function, such as Purchase Invoices or Allocations.
You do not need to enable "Limit a Journal to a Single Currency" on profile option, as this is a setting that affects the behavior of an application or feature for a user or responsibility. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers 12
NEW QUESTION # 34
Your customer is a financial institution that needs to maintain average daily balances (ADB).
Which statement is true about this functionality in Oracle Fusion Cloud applications?
Answer: A
NEW QUESTION # 35
You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?
Answer: B,E
NEW QUESTION # 36
Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)
Answer: A,B
Explanation:
According to Oracle documentation3, when using FBDI template to load Chart of Account Mapping Rules for their Primary and Secondary ledgers, you can create, update, and delete account rules for a chart of accounts mapping, and you can create, update, and delete segment rules for a chart of accounts mapping. FBDI enables you to import chart of accounts mapping rules from a spreadsheet template into General Ledger. You can use FBDI to manage both account rules and segment rules for a chart of accounts mapping. Therefore, options C and D are correct. Option A is incorrect because you can download the template from other pages besides the Manage Chart of Accounts Mappings page. Option B is incorrect because FBDI does not support external integration using REST services.
NEW QUESTION # 37
......
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