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  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Leveraging AI/ML/Mobile and Automation Features3%- Use AI/ML/mobile and automation features for process efficiency
Topic 2: Processing Intercompany15%- Intercompany transaction processing and reconciliation
- Intercompany transaction configuration
Topic 3: Implementing Ledgers15%- Ledger configuration
Topic 4: Implementing and Managing Journals20%- Key features and capabilities of journal processing
- Journal configuration
Topic 5: Configuring Financial Reports15%- Financial reporting options
- Financial report and analysis creation
  • 1. General Accounting infolets
Topic 6: Performing Period Close15%- Period Close configuration
- Period Close process overview
Topic 7: Enabling Redwood Capabilities2%- Enable Redwood capabilities and understand configuration impacts
Topic 8: Implementing Enterprise and Financial Reporting Structures15%- Key features and capabilities of Enterprise and Financial Reporting Structures
  • 1. Chart of Accounts design
- Configuration of Financial Reporting Structures

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

1. When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?

A) Make sure the tree is active.
B) Make sure to flatten the rows of the tree version.
C) Make sure the tree version was published successfully.
D) Redeploy the chart of accounts.


2. In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A) Users have very little control configuring their Springboards and Work Areas; they can only resize columns
B) They can have the System Administrator configuring pages for them using Page Composer
C) They can use "+" under the Apps section of the News Feed homepage
D) They can format certain tables by hiding and showing columns, moving columns, and resizing columns


3. 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 only the obligation of $10,000 USD will be carried forward.
B) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
C) 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.
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.


4. 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) Assign the security context value of UK Ledger to the user/role combination.
B) Create a data access set that allows access to the UK Ledger.
C) Assign the UK reference set to the user/role combination.
D) Assign the General Accounting Manager role to those users.


5. You are creating values for thechart of account value setthat you are planning to use for theaccount segmentwithin yourChart of Accounts. You are not able to assign anAccount Type.
What is the reason for this?

A) You are creating values before assigning the value set to the structure.
B) You have not set the Allow Budgeting attribute for the value set.
C) The Account Type qualifier has not been enabled when defining the value set.
D) You have not set the Allow Posting attribute for the value set.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C,D
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: C

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