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

  • Exam Code: 1Z0-1054-26
  • Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
  • Updated: Jul 07, 2026
  • Q&As: 145 Questions and Answers

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

1. Which two statements are true regarding the export/import of reports?

A) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
B) A set of reports lists user names, suppliers, and customers that have been exported/imported.
C) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
D) The export/import reports are available only for Fusion Customer Relationship Management.
E) Reports on setup data can be used to compare and analyze how the data might have changed over time.


2. Which three are considered legal jurisdictions?

A) Single Country
B) Group of Countries
C) Post Code
D) State
E) Identifying Zone


3. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A) Primary ledger with the local accounting convention
B) Reporting currency with the IFRS accounting convention
C) Primary ledger with the IFRS accounting convention
D) Secondary ledger with the IFRS accounting convention
E) Reporting currency with the local accounting convention


4. You have created a batch of journals that you need to review before they are posted. How can you prevent this batch from being picked up when the automatic posting process is run?

A) Leave the batch status as Complete.
B) Leave the batch status as Posted.
C) Leave the batch status as Incomplete.
D) Leave the batch status as Unfinished.


5. What is the key functionality of Smart View in Oracle Cloud Financial Reporting?

A) It is a mobile application for accessing real-time financial dashboards on smartphones and tablets.
B) It is an Excel based add in that integrates with Oracle Essbase GL data for performing financial analysis and reporting.
C) It is a data visualization tool that offers a library of interactive charts and graphs for financial analysis.


Solutions:

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

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