Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

QUESTION NO: 1
Which two statements are true regarding the Translation process? (Choose two.)

A. If necessary, before submitting the Translation process, the Revaluation process should be completed. B. The Translation process can only be used to translate balance sheet accounts. C. The Translation process should be run before posting Period Close adjustment entries. D. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account. E. The Translation process can only be used for translating the balances of Secondary ledgers.

Correct Answer: A,D

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QUESTION NO: 2
In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A. The Sub Template B. The Data Model C. The Style Template D. The layout Template E. Output type

Correct Answer: B,E

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QUESTION NO: 3
Which two statements are true regarding the export/import of reports?

A. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist. B. Reports on setup data can be used to compare and analyze how the data might have changed over time. C. The export/import reports are available only for Fusion Customer Relationship Management. D. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data. E. A set of reports lists user names, suppliers, and customers that have been exported/imported.

Correct Answer: B,D

QUESTION NO: 4
There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A. Adjustment only level B. Balances Level C. Subledger level D. Journal Level E. Spreadsheet level

Correct Answer: B

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QUESTION NO: 5
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: 6
Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?

A. New dimensions can be added to a General Ledger Balances Cube. B. A new Balances Cube is created for a unique combination of Ledger and Currency. C. They are updated automatically when the Revaluation process is run. D. They are updated automatically when the Translation process is run. E. They are updated automatically when the General Ledger period is opened.

Correct Answer: D,E

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