Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Updated: Sep 26, 2026
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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Performing Period Close | 15% | - Period Close process overview - Period Close configuration |
| Implementing and Managing Journals | 20% | - Journal configuration - Key features and capabilities of journal processing |
| Implementing Ledgers | 15% | - Ledger configuration |
| Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Configuring Financial Reports | 15% | - Financial report and analysis creation
|
| Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Implementing Enterprise and Financial Reporting Structures | 15% | - Configuration of Financial Reporting Structures - Key features and capabilities of Enterprise and Financial Reporting Structures
|
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
- B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
- C. Each product has its own Intercompany Accounting feature that needs to be configured separately.
- D. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
Correct Answer: B,C 🗳️
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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. FBDI level
- B. Journal level
- C. Balance level
- D. Adjustment only level
- E. Subledger level
Correct Answer: D 🗳️
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You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?
- A. by creating Cross-Validation Rules desktop-integrated spreadsheet.
- B. by using the Manage General Ledger Security page.
- C. by using Cross-Validation Rules Import file-based data import (FBDI).
- D. by using the Manage Cross-Validation Rules page.
Correct Answer: C 🗳️
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Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
What should you create to achieve this?
- A. An Exception
- B. An Exclusion
- C. A Validation Filter
- D. A Condition Filter
Correct Answer: D 🗳️
Financial Reporting Web Studio is a powerful tool within the Oracle Fusion Cloud suite, designed to empower financial professionals with advanced reporting capabilities.
Which two are key capabilities of Financial Reporting Web Studio?
- A. It provides Batch Bursting options including e-mail and print.
- B. It can be used to create financial statements.
- C. It uses a drag and drop interface for report design.
- D. It helps group reports or books into batches for processing or scheduling.
Correct Answer: B,C 🗳️
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