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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q18-Q23):

NEW QUESTION # 18
The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?

  • A. The process validates all your data before it creates journal entries in General Ledger.
  • B. Any error transactions from Oracle Subledgers can be easily deleted and resubmitted.
  • C. FBDI can be used to upload journal entry data from external sources into General Ledger.
  • D. You can only validate and select to transfer journal data in the Summary mode.

Answer: A,C


NEW QUESTION # 19
You need to have invoices generated for certain intercompany transactions.
Where do you enable invoicing?

  • A. Manage Intercompany Transaction Types
  • B. Manage Intercompany System Options
  • C. Manage Intercompany Receivables Assignment
  • D. Manage Intercompany Organizations

Answer: A


NEW QUESTION # 20
Which delivered role can access the full functionality of Functional Setup Manager?

  • A. IT Security Manager
  • B. Application Implementation Consultant
  • C. Functional Setup Manager Superuser
  • D. Application Implementation Manager
  • E. Any functional user

Answer: D

Explanation:
According to Oracle documentation2, the delivered role that can access the full functionality of Functional Setup Manager is Application Implementation Manager. Functional Setup Manager is a tool that enables you to manage and perform all of the setup tasks required for an application implementation. Application Implementation Manager is a predefined role that grants access to Functional Setup Manager and all of its features, such as setup tasks, implementation projects, setup export and import, and setup reports. Therefore, option A is correct. Option B is incorrect because Functional Setup Manager Superuser is not a delivered role. Option C is incorrect because IT Security Manager is a role that grants access to security-related tasks, not Functional Setup Manager. Option D is incorrect because any functional user does not have access to Functional Setup Manager by default. Option E is incorrect because Application Implementation Consultant is not a delivered role.


NEW QUESTION # 21
Which two data conversion levels are compatible with the Opening Balance Initialization feature for new reporting or secondary ledgers?

  • A. Currency level
  • B. Balance level
  • C. Journal level
  • D. Subledger level
  • E. Adjustment only level

Answer: B,E

Explanation:
Opening Balance Initialization is intended for scenarios where a new reporting currency or secondary ledger must begin with initialized balances rather than full transactional history. The feature is compatible with balance-oriented implementations because the objective is to establish beginning balances in the target ledger or reporting currency. Therefore, Balance level is compatible. Adjustment only level is also compatible because the secondary ledger is maintained through manual or adjustment entries rather than a full automatic transaction copy. Subledger level and Journal level involve detailed accounting transfer from the primary ledger or subledgers, which is not the purpose of opening balance initialization. Currency level is not a valid secondary ledger data conversion level in this context. This matches Oracle's ledger architecture for thin secondary ledgers and balance-based reporting currencies.


NEW QUESTION # 22
You are creating a Multitier Intercompany agreement and haven chosen to use a clearing organization in Financial Route.
How many clearing organizations can be involved in Financial Route?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: B


NEW QUESTION # 23
......

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