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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

Question 1

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. Three balances cubes
B. Four balances cubes
C. One balances cube
D. Two balances cubes

Question 2

What is the key function of currency translation?

A. Creating unrealized gain or loss journals for foreign currency transactions.
B. Measuring current financial transactions that are denominated or stated in an accounting currency into the functional currency of the entity.
C. Expressing the functional currency financial results of a subsidiary in the entity's reporting or consolidated currency.
D. Adjusting the accounted value of foreign currency-denominated balances according to current conversion rates.

Question 3

You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.

You get #Missing instead of a balance. What value did you not specify, which resulted in this?

A. Product
B. Intercompany
C. Cost Center
D. A particular currency

Question 4

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. Adjustment only
B. Journal
C. Balance

Question 5

The intercompany accountants on the cloud project are trying to reconcile intercompany balances using the latest intercompany reconciliation report.
However, they have some concerns about the information presented in the report and want you to clarify the content in the standard reconciliation report.
What is included in the intercompany reconciliation report?

A. It displays all clearing company balances for the period.
B. It displays ledger balancing lines generated when the primary balancing segment (BSV) is in balance but not the second or third BSVs.
C. It displays the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

Solutions: