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- Exam Code: 1Z0-1054-26
- Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
- Updated: Sep 27, 2026
- Q & A: 145 Questions and Answers
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Oracle 1Z0-1054-26 dumps - Testing Engine
- Exam Code: 1Z0-1054-26
- Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
- Updated: Sep 27, 2026
- Q & A: 145 Questions and Answers
- Software Price: $59.99
- Testing Engine
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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Implementing Enterprise and Financial Reporting Structures | 15% | - Configuration of Financial Reporting Structures - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Topic 2: Configuring Financial Reports | 15% | - Financial reporting options - Financial report and analysis creation
|
| Topic 3: Performing Period Close | 15% | - Period Close configuration - Period Close process overview |
| Topic 4: Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Topic 5: Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Topic 6: Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Topic 7: Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Topic 8: Implementing Ledgers | 15% | - Ledger configuration |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Question #1
Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.
Note:
. Prefix your alias name with 07, where 07 is
your exam ID.
. There is no Product or Intercompany
impact.
Correct Answer:
See the Explanation for the complete Solution.
Explanation:
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Shorthand Aliases
Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
Click on the Add Row icon to create a new alias. Enter the following information:
Alias Name: RevDom
Account Template: 101-2000-400000-000-000-000
Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today's date End Date: Blank Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
Account Aliases
Enter a GL Account Alias
Short Hand Alias in Fusion Financials Key Flexfield
How to Enable Account Shorthand Aliases
Question #2
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
Which feature can be used to proactively notify you of account anomalies in a more timely manner?
- A. Account Monitor
- B. Account Inspector and its charts
- C. Smart View
- D. Financial reports with embedded charts
Correct Answer: A 🗳️
Question #3
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
- A. Cost center
- B. Intercompany Segment
- C. Secondary Balancing
- D. Natural Account
- E. Primary Balancing
Correct Answer: A,D,E 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
Question #4
Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 137,000 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.25 USD.
What two statements are true about the resulting revaluation run?
- A. You have an unrealized exchange loss recorded.
- B. You have an unrealized exchange gain recorded.
- C. The original journal entry in Euros remains the same.
- D. The original journal entry in Euros is updated.
Correct Answer: B,C 🗳️
Explanation: Only visible for ITExamDownload members. You can sign-up / login (it's free).
Question #5
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
Correct Answer: A 🗳️
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