Oracle : 1Z0-1054-26 Questions & Answers

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Period Close and Reconciliation- Period close process in General Ledger
- Account reconciliation and balancing
Journal Processing- Recurring journals and allocations
- Journal import and automation
- Journal creation and approval workflows
Security and Controls- Role-based access control in General Ledger
- Audit and compliance controls
General Ledger Configuration- Ledger setup and accounting configuration
- Accounting calendar and currency setup
- Chart of Accounts structure and segments
Financial Reporting- Real-time reporting and analytics
- Financial Statement Generator (FSG) and reporting tools

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

1. 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.


2. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) Output type
B) Style template
C) Sub template
D) Layout template
E) Data model


3. You are required to changetoday's daily ratesfor convertingGBP to USD. What are three ways in which you can update existing daily rates?

A) Edit existing transactions and update the rates manually.
B) Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.
C) Import daily rates through the Daily Rates open interface table.
D) Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
E) Use the spreadsheet loader from the Currency Rates Manager.


4. When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?

A) Make sure the tree is active.
B) Make sure to flatten the rows of the tree version.
C) Redeploy the chart of accounts.
D) Make sure the tree version was published successfully.


5. 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.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: D,E
Question # 3
Answer: B,C,E
Question # 4
Answer: D
Question # 5
Answer: A,C

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