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Oracle 1Z0-1054-26 Exam Syllabus Topics:

Section	Objectives
Journal Processing	- Journal import and automation - Recurring journals and allocations - Journal creation and approval workflows
General Ledger Configuration	- Chart of Accounts structure and segments - Ledger setup and accounting configuration - Accounting calendar and currency setup
Security and Controls	- Role-based access control in General Ledger - Audit and compliance controls
Period Close and Reconciliation	- Period close process in General Ledger - Account reconciliation and balancing
Financial Reporting	- Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics

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

1. Your Oracle Fusion Cloud client needs to store balances such as floor space, number of employees, quantities purchased for use in journal allocations, and financial reporting.
Currently, in their test environment, they are unable to record statistical amounts.
What is the reason?

A) The currency STAT does not have the ISO currency flag enabled.
B) The currency STAT does not have the statistical unit type enabled.
C) The ledger currency does not have the derivation flag enabled.

2. 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) Subledger level
B) Balance level
C) Journal level
D) Adjustment only level
E) FBDI level

3. You have set up Close Monitor for your organization, but when you navigate to the Profit and Loss tab, you see no results for the summarized income statement.
What could be the reason?

A) An account group is not associated with the ledger set.
B) An OTBI report is not associated with the ledger set.
C) A Financial Reporting Web Studio report is not associated with the ledger set.
D) A trial balance report is not associated with the ledger set.

4. What is the key function of currency revaluation?

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

5. Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:
. Prefix your alias name with 07, where 07 is
your exam ID.
. There is no Product or Intercompany
impact.