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

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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

Question 1

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

Question 2

You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?

A. The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.
B. The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.
C. The members of the Close Monitor hierarchy must all share the same accounting convention.

Question 3

Where would you enable Dynamic Combination Creation if you want account combinations to be created automatically?

A. Chart of Accounts structure
B. Chart of Accounts hierarchy
C. Chart of Accounts instance
D. Code Combination table

Question 4

You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.

You get #Missing instead of a balance. What value did you not specify, which resulted in this?

A. Product
B. Cost Center
C. Intercompany
D. A particular currency

Question 5

You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values.
Which two are the reasons for this?

A. The Create Scenario Dimension Members program has not been run.
B. Budgeting has not been enabled in the ledger options.
C. A value for the budget scenario has not been created.
D. The Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
E. The Transfer Budget Balances to Budget Cubes has not been run.

Solutions: