Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

QUESTION NO: 1
You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?

A. Close all subledger periods. B. Close Intercompany periods in Fusion Intercompany. C. Freeze the Intercompany Journal source in General Ledger. D. Close the General Ledger period in the Manage Accounting Periods page.

Correct Answer: B

QUESTION NO: 2
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

A. Adjustment only level B. Journal level C. Subledger level D. Balance level E. FBDI level

Correct Answer: A

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QUESTION NO: 3
You are implementing amultipillarimplementation of bothHCM CloudandERP Cloud. You are implementingERP first, followed byHCM Cloud. You want to ensure yourledgers and chart of accountsare correctly defined.
What should you do? (Choose three.)

A. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets. B. Deploy your chart of accounts. C. Use the Rapid Implementation spreadsheet when creating your enterprise structure. D. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies. E. Use HCM's Enterprise Structure Configurator (ESC) first.

Correct Answer: A,C,E

QUESTION NO: 4
Which two statements are true about the Intercompany Reconciliation report?

A. It displays all clearing company balancing lines for a period. B. It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not. C. It displays the intercompany receivables and intercompany payables balances in summary for a period. D. You can only drill down to the General Ledger journal and then from there to the Subledger journal entry. E. It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

Correct Answer: C,E

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QUESTION NO: 5
When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A. when the journal is balanced by the primary BSV but not by second or third BSV B. when the journal is balanced by second balancing segment value C. when there is a many-to-many journal and you want to use a clearing company D. when the journal is not balanced by the primary balancing segment value (BSV)

Correct Answer: A

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QUESTION NO: 6
You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

A. Source B. Basis C. Allocation Range D. Offset E. Target

Correct Answer: A

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QUESTION NO: 7
Which two are predefined roles in General Ledger?

A. General Accountant B. General Accounting Clerk C. General Accounting Supervisor D. General Accounting Manager

Correct Answer: A,D

QUESTION NO: 8
You have decided to use the Journal Attachments Audit feature to monitor and adhere to compliance policies.
Journals created from which mode are eligible for auditing?

A. Journals created using ADFdi B. Journals created using FBDI templates C. Journals created in the user interface D. Journals created using Journal Import

Correct Answer: C

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QUESTION NO: 9
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A. Each product has its own Intercompany Accounting feature that needs to be configured separately. B. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product. C. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects. D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.

Correct Answer: A,C

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