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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. What are The two advantages of having an intercompany segment in the Chart of Accounts?

A) Enables balancing of many to-many primary balancing segment value journals and many to many legal entity journals
B) Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.
C) Assists reconciling intercompany transactions and helps identify elimination entries.
D) Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.

2. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle ' s recommended method to define this chart of accounts?

A) Create two different value sets for the company and intercompany segments.
B) Define the company segment and assign both the primary balancing segment and intercompany segment labels.
C) Define the intercompany segment with a default value.
D) Share the same value set for the company and intercompany segments.

3. Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?

A) 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.
B) 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 only will be carried forward.
C) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD 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.
E) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.

4. Your fiscal authority requires all journals to have a sequential number assigned when the accounting period is closed.
Which sequencing option should you use to achieve gapless sequence numbers for posted journal entries in chronological order?

A) Ledger Sequencing
B) Reporting Sequencing
C) Accounting Sequencing
D) Document Sequencing

5. You have set up asupporting reference with balancesto capturerevenue by account manager.
Which option should you use to view thesupporting reference balances?

A) General Ledger inquiries and reports
B) An OTBI analysis
C) A SmartView analysis
D) An Account Group

Solutions: