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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Implementing and Managing Journals20%- Journal configuration
- Key features and capabilities of journal processing
Implementing Enterprise and Financial Reporting Structures15%- Configuration of Financial Reporting Structures
- Key features and capabilities of Enterprise and Financial Reporting Structures
  • 1. Chart of Accounts design
Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Processing Intercompany15%- Intercompany transaction configuration
- Intercompany transaction processing and reconciliation
Performing Period Close15%- Period Close configuration
- Period Close process overview
Implementing Ledgers15%- Ledger configuration
Configuring Financial Reports15%- Financial report and analysis creation
  • 1. General Accounting infolets
- Financial reporting options

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

You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report? '

  • A. Financial Category
  • B. Start Date
  • C. End Date
  • D. Third Party Control Account
  • E. Reconcile
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

What is the role of the OTBI Reporting tool in Oracle Cloud Financial Reporting?

  • A. It allows users to perform spreadsheet-based multidimensional analysis from Microsoft Excel.
  • B. It allows users to design boardroom-ready financial statements, ensuring compliance with regulatory accounting standards.
  • C. It allows users to generate ad hoc reports, analyze financial data, and create user-defined analytics directly from the transaction tables.
  • D. It allows users to create, manage, and deliver high-fidelity, pixel-perfect reports and documents that can be scheduled to run at specific intervals.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

Which two statements are true if a journal description rule is defined with sources?

  • A. The description rule may be assigned to either the header or line level, or to both.
  • B. The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.
  • C. The description rule can only be assigned to the journal line level.
  • D. You cannot assign journal description rules to sources.
  • E. The description rule can only be assigned to the header or line level.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
  • 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.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)

  • A. You have not saved it in the Shared Folder/Custom/Financials directory.
  • B. You have not saved it in the MyFolders directory.
  • C. You have not downloaded the report to your local drive.
  • D. You have not uploaded it to Financial Reporting Center.
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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