Free 1Z0-1054-26 Questions for Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional 1Z0-1054-26 Exam as PDF & Practice Test Engine

Exam Code/Number: 1Z0-1054-26
Exam Name/Title: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud

Exam Questions: 125
Updated On: Jun 18, 2026

Question #1

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.)

A. You can create, update, and delete segment rules for a chart of accounts mapping.

B. It supports external integration using REST services.

C. You can create, update, and delete account rules for a chart of accounts mapping.

D. You can download the template only from the Manage Chart of Accounts Mappings page.

Discussion 0

Correct Answer: A,C Vote an answer

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Question #2

Your company hascomplex consolidation requirementswithmultiple general ledger instances. You are usingOracle Hyperion Financial Managementto consolidate the disparateGeneral Ledgers.
You can typically map segments between yourgeneral ledger segmentto aHyperion Financial Management segment, such as:
Company to Entity
Department to Department
Account to Account
What happens to segments in yoursource general ledger, such asProgram, thatcannot be mappedtoHyperion Financial Management?

A. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

B. Data is summarized across segments that are not mapped to Hyperion Financial Management.

C. The unmapped segments default tofuture use segmentsin Hyperion Financial Management.

D. The data is not transferred.

Discussion 0

Correct Answer: B Vote an answer

Question #3

You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A. Ad Hoc Analysis

B. Smart Queries

C. Query Designer

D. Smart Slices

Discussion 0

Correct Answer: A Vote an answer

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Question #4

Which Two are key capabilities of Account Groups within the General Accounting Dashboard?

A. Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.

B. Monitor key accounts automatically in real time on an exception or permanent basis.

C. Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.

D. Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.

Discussion 0

Correct Answer: B,C Vote an answer

Question #5

Which two are valid Data Access Set types? (Choose two.)

A. Full access

B. Read Only access

C. Full Ledger

D. Primary Balancing Segment Value

E. Read and Write access

Discussion 0

Correct Answer: A,B Vote an answer

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Question #6

Which two statements are true regarding the export/import of reports?

A. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.

B. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.

C. The export/import reports are available only for Fusion Customer Relationship Management.

D. A set of reports lists user names, suppliers, and customers that have been exported/imported.

E. Reports on setup data can be used to compare and analyze how the data might have changed over time.

Discussion 0

Correct Answer: B,E Vote an answer

Question #7

You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?

A. The members of the Close Monitor hierarchy must all share the same accounting convention.

B. The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.

C. The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.

Discussion 0

Correct Answer: B Vote an answer

Question #8

Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?

A. Create a data access set that allows access to the UK Ledger.

B. Assign the UK reference set to the user/role combination.

C. Assign the security context value of UK Ledger to the user/role combination.

D. Assign the General Accounting Manager role to those users.

Discussion 0

Correct Answer: A Vote an answer

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Question #9

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. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.

B. 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.

C. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.

D. 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.

Discussion 0

Correct Answer: D Vote an answer

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