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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
| General Ledger Configuration | - Chart of Accounts structure and segments - Ledger setup and accounting configuration - Accounting calendar and currency setup |
| Journal Processing | - Recurring journals and allocations - Journal creation and approval workflows - Journal import and automation |
| Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
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.
Which three are considered legal jurisdictions?
- A. Single Country
- B. Group of Countries
- C. Post Code
- D. State
- E. Identifying Zone
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
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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.
Explanation: Only visible for PassSureExam members. You can sign-up / login (it's free).
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.
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