Oracle : 1Z0-1054-26 Questions & Answers
Updated: Oct 01, 2026
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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Configuration | - Accounting calendar and currency setup - Ledger setup and accounting configuration - Chart of Accounts structure and segments |
| Topic 2: Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls |
| Topic 3: Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
| Topic 4: Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
| Topic 5: Journal Processing | - Journal import and automation - Journal creation and approval workflows - Recurring journals and allocations |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
What is the role of the OTBI Reporting tool in Oracle Cloud Financial Reporting?
- A. It allows users to perform spreadsheet-based multidimensional analysis from Microsoft Excel.
- B. It allows users to generate ad hoc reports, analyze financial data, and create user-defined analytics directly from the transaction tables.
- C. It allows users to design boardroom-ready financial statements, ensuring compliance with regulatory accounting standards.
- D. It allows users to create, manage, and deliver high-fidelity, pixel-perfect reports and documents that can be scheduled to run at specific intervals.
Correct Answer: B 🗳️
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You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?
- A. Accounting Calendar
- B. Legal Entities, Business Units, and Chart of Accounts
- C. Chart of Accounts and Business Units
- D. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
- E. Chart of Accounts
Correct Answer: A,E 🗳️
What are two uses of theColumn FlatteningandRow Flatteningfeatures?
- A. Optimize parent/child relationships.
- B. Verify correctness of trees.
- C. Create additional versions of a tree.
- D. Set the status of a tree to active.
- E. View information for runtime performance.
Correct Answer: A,E 🗳️
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. A SmartView analysis
- C. An Account Group
- D. An OTBI analysis
Correct Answer: D 🗳️
Which Two are key capabilities of Account Groups within the General Accounting Dashboard?
- A. Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.
- B. Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.
- C. Monitor key accounts automatically in real time on an exception or permanent basis.
- D. Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.
Correct Answer: A,C 🗳️
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