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Last Updated: Jul 27, 2026

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

SectionObjectives
Topic 1: Period Close and Reconciliation- Period close process in General Ledger
- Account reconciliation and balancing
Topic 2: Financial Reporting- Real-time reporting and analytics
- Financial Statement Generator (FSG) and reporting tools
Topic 3: Journal Processing- Journal import and automation
- Recurring journals and allocations
- Journal creation and approval workflows
Topic 4: General Ledger Configuration- Accounting calendar and currency setup
- Ledger setup and accounting configuration
- Chart of Accounts structure and segments
Topic 5: Security and Controls- Role-based access control in General Ledger
- Audit and compliance controls

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

1. 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 type
D) the transaction category


2. What are two uses of theColumn FlatteningandRow Flatteningfeatures?

A) Create additional versions of a tree.
B) View information for runtime performance.
C) Verify correctness of trees.
D) Optimize parent/child relationships.
E) Set the status of a tree to active.


3. Which two statements are true about the Intercompany Reconciliation report?

A) It displays all clearing company balancing lines for a period.
B) It displays the intercompany receivables and intercompany payables balances in summary for a period.
C) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
D) 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.
E) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.


4. Which two can you use to import geographical data?

A) Geographical data providers
B) ADF desktop integration
C) SQL Data loader
D) File-based data import (FBDI)


5. You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer ' s Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?

A) Adjustment only
B) Balance level
C) Sub-ledger level.
D) Journal ledger


Solutions:

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

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