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

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. Your userforgot the password. How do you resolve this?

A) Use Access Policy Manager (APM) to reset the user ' s password.
B) Use Oracle Identity Management (OIM) to reset the user ' s password.
C) Create a new user ID and password for the user.
D) Log in to the user ' s machine as an Administrator and change the password from the login password.
E) Use the Manage Users page to update the user ' s information and change the password.

2. Which two data conversion levels are compatible with the Opening Balance Initialization feature for new reporting or secondary ledgers?

A) Subledger level
B) Currency level
C) Journal level
D) Adjustment only level
E) Balance level

3. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

4. You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report? '

A) Start Date
B) End Date
C) Reconcile
D) Third Party Control Account
E) Financial Category

5. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A) Cost center
B) Primary Balancing
C) Natural Account
D) Secondary Balancing
E) Intercompany Segment

Solutions: