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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

A) Year
B) Fiscal Year
C) Period
D) Calendar Year

2. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

A) Account Inspector
B) Smart View
C) Financial Statement Generator
D) Financial Reporting Studio

3. What is the key function of currency revaluation?

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

4. What is the role of the OTBI Reporting tool in Oracle Cloud Financial Reporting?

A) It allows users to design boardroom-ready financial statements, ensuring compliance with regulatory accounting standards.
B) It allows users to generate ad hoc reports, analyze financial data, and create user-defined analytics directly from the transaction tables.
C) It allows users to create, manage, and deliver high-fidelity, pixel-perfect reports and documents that can be scheduled to run at specific intervals.
D) It allows users to perform spreadsheet-based multidimensional analysis from Microsoft Excel.

5. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

Solutions: