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

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

1. Your userforgot the password. How do you resolve this?

A) Use the Manage Users page to update the user's information and change the password.
B) Create a new user ID and password for the user.
C) Use Access Policy Manager (APM) to reset the user's password.
D) Use Oracle Identity Management (OIM) to reset the user's password.
E) Log in to the user's machine as an Administrator and change the password from the login password.

2. Your customer is a financial institution that needs to maintain average daily balances (ADB).
Which statement is true about this functionality in Oracle Fusion Cloud applications?

A) When using ADB, you must define a transaction calendar and assign it to your ledger.
B) Average balances are maintained for both actual and budget balances.
C) Average balances are stored for both subledger and general ledger balances.

3. Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis? (Choose two.)

A) Scheduled Processes
B) Business Process Management Workspace
C) Universal Content Management Workspace
D) Reports and Analytics
E) Enterprise Performance Management Workspace

4. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"? (Choose two.)

A) Journal category
B) Profile option
C) Ledger options
D) Journal sources
E) Journal lookup codes

5. 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.

Solutions: