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

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

Question 1

What is the key function of currency translation?

A. Adjusting the accounted value of foreign currency-denominated balances according to current conversion rates.
B. Expressing the functional currency financial results of a subsidiary in the entity's reporting or consolidated currency.
C. Creating unrealized gain or loss journals for foreign currency transactions.
D. Measuring current financial transactions that are denominated or stated in an accounting currency into the functional currency of the entity.

Question 2

Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?

A. 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.
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 only the obligation of $10,000 USD will be carried forward.
D. 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 only will be carried forward.
E. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.

Question 3

Which three Oracle Transactional Business Intelligence (OTBI) objects can be created by using the tools in the Oracle Business Intelligence (BI) catalog?

A. Reports
B. Infolets
C. Analyses
D. Infotiles
E. Dashboards

Question 4

You attempt to activate a tree version, but the audit process fails. In which two ways can you resolve this?

A. Ensure that you do not assign children to child values.
B. Run the Chart of Accounts Deployment process.
C. Run the Publish Chart of Accounts Dimension Members and Hierarchies program.
D. Make sure all users sign out of the calculation manager.
E. Ensure that parent values have the summary attributes set correctly.

Question 5

Your organization has frequent fund transfers between entities to meet working capital requirements and address internal financing needs. You decide to use the Multitier Intercompany functionality to address those needs.
Which two components of Multitier Intercompany need to be created to generate an intercompany transaction for General Ledger?

A. Intercompany Agreement
B. Transaction Account Definition
C. Intercompany Customer Supplier Association
D. Intercompany Transfer Authorization
E. Intercompany Receivables Assignment

Solutions: