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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. You are creating values for thechart of account value setthat you are planning to use for theaccount segmentwithin yourChart of Accounts. You are not able to assign anAccount Type.
What is the reason for this?

A) You have not set the Allow Posting attribute for the value set.
B) The Account Type qualifier has not been enabled when defining the value set.
C) You have not set the Allow Budgeting attribute for the value set.
D) You are creating values before assigning the value set to the structure.

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

A) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
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 displays all clearing company balancing lines for a period.

3. Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?

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

4. What is the key function of currency revaluation?

A) Adjusting the accounted value of foreign currency denominated balances according to current conversion rates
B) Converting the accounted balances from one currency to another target currency
C) Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity

5. You are planning to use the Related Value Sets feature with your Chart of Accounts to create a dependency between the Company and Cost Center segments. For example, when using Company 101, the list of displayed cost centers should be in the range 100 to 199. When setting up your value sets, which validation type should you choose for the Cost Center segment?

A) Table
B) Dependent
C) Independent
D) Subset

Solutions: