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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Security and Integration | - Integration with subledgers
|
| Topic 2: General Ledger Configuration | - Enterprise structure setup for Financials
|
| Topic 3: Accounting and Close Processes | - Financial reporting
|
| Topic 4: Advanced Financials Features | - Intercompany accounting
|
| Topic 5: Journal Processing | - Journal approvals and posting
|
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Your customer is a financial institution that needs to maintain average daily balances (ADB).
Which statement is true about this functionality in Oracle Fusion Cloud applications?
- A. Average balances are stored for both subledger and general ledger balances.
- B. When using ADB, you must define a transaction calendar and assign it to your ledger.
- C. Average balances are maintained for both actual and budget balances.
Correct Answer: C 🗳️
You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?
- A. Close Intercompany periods in Fusion Intercompany.
- B. Close the General Ledger period in the Manage Accounting Periods page.
- C. Freeze the Intercompany Journal source in General Ledger.
- D. Close all subledger periods.
Correct Answer: A 🗳️
What are thetwo possible reasonsforencumbrance created on the purchase orderto go back to thebudget or funds availability?
- A. When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.
- B. When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.
- C. The purchase order is canceled or finally closed or rejected without performing any receipt or invoice.
- D. The requisition reserved successfully undergoes amendment and is rejected in the reapproval.
Correct Answer: B,C 🗳️
You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?
- A. Period
- B. Fiscal Year
- C. Year
- D. Calendar Year
Correct Answer: B 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
The Vision Corporation Chart of Accounts is used by four ledgers, two of which share the same calendar and the other two have their own distinct calendars.
How many balances cubes are automatically created?
- A. Two balances cubes
- B. One balances cube
- C. Three balances cubes
- D. Four balances cubes
Correct Answer: C 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
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