Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Configuration | - Accounting configuration
|
| Journal Processing | - Journal approvals and posting
|
| Accounting and Close Processes | - Period close activities
|
| Advanced Financials Features | - Intercompany accounting
|
| Security and Integration | - Role-based access control
|
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?
- A. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
- B. The Create Scenario Dimension Members program has not been run.
- C. Budgeting is not enabled in the Ledger options.
- D. Transfer Budget Balances to Budget Cubes has not been run.
- E. A value for the budget scenario is not created.
Correct Answer: B,E 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
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 UK reference set to the user/role combination.
- B. Assign the security context value of UK Ledger to the user/role combination.
- C. Create a data access set that allows access to the UK Ledger.
- D. Assign the General Accounting Manager role to those users.
Correct Answer: C 🗳️
Explanation: Only visible for PassLeader 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. One balances cube
- B. Two balances cubes
- C. Four balances cubes
- D. Three balances cubes
Correct Answer: D 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
You have configured Transaction Account Definition rules to automatically populate the Provider and Receiver distributions for your intercompany transactions. However, while testing, you find there are no distributions created.
What is the reason for this?
- A. Transaction Account Definition is not selected in System Options.
- B. Transaction Account Definition is not assigned to the Intercompany Organization.
- C. Transaction Account Definition is not assigned to the transaction type.
- D. Transaction Account Definition is not assigned to the ledger.
Correct Answer: D 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
An Oracle Fusion Cloud customer operating in the financial services sector requires only a subset of the legal entities data captured in the primary ledgers to be transferred to the secondary ledgers.
Which journal data conversion level should be selected between the primary and secondary ledgers to achieve this?
- A. Journal
- B. Balance
- C. Adjustment only
Correct Answer: C 🗳️
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