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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
| Topic 2: Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing |
| Topic 3: Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
| Topic 4: Journal Processing | - Journal creation and approval workflows - Journal import and automation - Recurring journals and allocations |
| Topic 5: General Ledger Configuration | - Ledger setup and accounting configuration - Chart of Accounts structure and segments - Accounting calendar and currency setup |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Question #1
Budgetary control for accounts5020and5021has a budget of$90,000 USDeach for the year2012. The accounts also have balances onobligation of $10,000 USDfor each and anexpenditure of $20,000 USDfor each.
AFund of $50,000 USDis available for account5020only. You have run theEncumbrance Year End Carry Forward processfor obligation from the last period of the year2012to the first period of year2013.
Which statement is true?
A. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
B. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
C. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.
D. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
Question #2
You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?
A. Trial Balance report
B. OTBI report
C. Account group
D. Financial Reporting Web Studio report
Question #3
You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?
A. Set the relevant option on the Specify Ledger Options page.
B. Opt in to the Prevent Period Close option for the offering.
C. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
D. You don ' t have to do anything; this option is enabled automatically.
Question #4
Which three are considered legal jurisdictions?
A. Identifying Zone
B. Single Country
C. Group of Countries
D. State
E. Post Code
Question #5
You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?
A. the transaction batch
B. the transaction source
C. the transaction category
D. the transaction type
Solutions:
| Question #1 Correct Answer: C | Question #2 Correct Answer: D | Question #3 Correct Answer: A | Question #4 Correct Answer: B,C,D | Question #5 Correct Answer: D |
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