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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Advanced Financials Features | - Allocations and automation
|
| Topic 2: Accounting and Close Processes | - Period close activities
|
| Topic 3: Journal Processing | - Journal creation and management
|
| Topic 4: General Ledger Configuration | - Enterprise structure setup for Financials
|
| Topic 5: Security and Integration | - Role-based access control
|
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
- A. Query Designer
- B. Ad Hoc Analysis
- C. Smart Slices
- D. Smart Queries
Correct Answer: B 🗳️
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
Your subsidiaries and your corporate ledger all have different Charts of Accounts and different calendars.
Apart from that, the consolidation process is straightforward.
What consolidation option would you recommend?
- A. Reporting Currency
- B. Balance Transfer Consolidation
- C. Secondary Ledger
- D. Oracle Hyperion Financial Management
Correct Answer: B 🗳️
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
What type ofusermust be defined before you can create anImplementation Project?
- A. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
- B. A full-time employee that has the FSM Superuser role assigned
- C. All roles that will be used throughout the implementation
- D. Implementation Users
- E. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
Correct Answer: A 🗳️
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
- A. Balance level
- B. FBDI level
- C. Journal level
- D. Subledger level
- E. Adjustment only level
Correct Answer: E 🗳️
Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).
Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?
- A. A new Balances Cube is created for a unique combination of Ledger and Currency.
- B. They are updated automatically when the Translation process is run.
- C. They are updated automatically when the General Ledger period is opened.
- D. They are updated automatically when the Revaluation process is run.
- E. New dimensions can be added to a General Ledger Balances Cube.
Correct Answer: B,C 🗳️
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