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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

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.

2. You are designing an approval rule where a specific person is required to approve the journal. Which two list builders should you use to achieve this?

A) Job Level Hierarchy approval routing
B) Approval Group approval routing
C) Position Hierarchy approval routing
D) Supervisory Hierarchy approval routing
E) Resource approval routing

3. For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

A) Historical rates are converted into an average rate (original and new rate).
B) The historical rate is replaced.
C) Nothing, existing historical rates are not updated.
D) The existing historical rate is deleted.

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

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

5. An Oracle Fusion Cloud customer operating in the financial services sector requires only a subset of the legal entities data captured in the primary ledgers to be transferred to the secondary ledgers.
Which journal data conversion level should be selected between the primary and secondary ledgers to achieve this?

A) Balance
B) Journal
C) Adjustment only

Solutions: