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Updated: Oct 08, 2026

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Oracle 1Z0-1054-26 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
Exam Number:1Z0-1054-26
Exam Duration:90 minutes
Exam Price:USD 245
Real Exam Qty:55
Passing Score:~68%
Exam Format:Multiple Choice, Scenario-based Questions
Available Languages:English
Certificate Validity Period:2 years
Related Certifications:Oracle Fusion Cloud Financials Implementation Professional
Oracle Cloud Financials Certification Track
Sample Questions:Oracle 1Z0-1054-26 Sample Questions
Exam Way:Online proctored exam via Oracle Testing Centers or Pearson VUE
Pre Condition:Recommended: Basic understanding of Oracle Fusion Cloud Financials or accounting principles
Official Syllabus URL:https://education.oracle.com

Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
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. Currency setup and revaluation
                • 2. Accounting calendars
                  Journal Processing- Journal creation and management
                  • 1. Recurring journals
                    • 2. Manual journals
                      - Journal approvals and posting
                      • 1. Posting process and controls
                        • 2. Approval workflows
                          Accounting and Close Processes- Financial reporting
                          • 1. Account analysis and reporting
                            • 2. Financial Reporting Studio usage
                              - Period close activities
                              • 1. Close monitoring and reconciliation
                                • 2. Subledger to GL reconciliation
                                  Security and Integration- Integration with subledgers
                                  • 1. Data import and export processes
                                    • 2. AP/AR integration with GL
                                      - Role-based access control
                                      • 1. Financial roles and privileges

                                        Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:

                                        Question #1

                                        You attempt to activate a tree version, but the audit process fails. In which two ways can you resolve this?

                                        • A. Run the Publish Chart of Accounts Dimension Members and Hierarchies program.
                                        • B. Ensure that parent values have the summary attributes set correctly.
                                        • C. Ensure that you do not assign children to child values.
                                        • D. Make sure all users sign out of the calculation manager.
                                        • E. Run the Chart of Accounts Deployment process.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,C  🗳️

                                        Question #2

                                        Which three are considered legal jurisdictions?

                                        • A. Post Code
                                        • B. Identifying Zone
                                        • C. Single Country
                                        • D. Group of Countries
                                        • E. State
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C,D,E  🗳️

                                        Question #3

                                        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?

                                        • A. Average balances are stored for both subledger and general ledger balances.
                                        • B. When using ADB, you must define a transaction calendar and assign it to your ledger.
                                        • C. Average balances are maintained for both actual and budget balances.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Question #4

                                        Budgetary control for accounts5020and5021has a budget of$90,000 USDeach for the year2012. The accounts also have balances onobligation of $10,000 USDfor each and anexpenditure of $20,000 USDfor each.
                                        AFund of $50,000 USDis available for account5020only. You have run theEncumbrance Year End Carry Forward processfor obligation from the last period of the year2012to the first period of year2013.
                                        Which statement is true?

                                        • A. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
                                        • B. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
                                        • C. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.
                                        • D. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Question #5

                                        You have created an OTBI analysis with more than one view. You plan to add prompts to the report that are specific to each view.
                                        Where should you define your prompts?

                                        • A. View Selector
                                        • B. Prompts Tab
                                        • C. Compound Layout
                                        • D. Analysis Properties
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B  🗳️

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