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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. Which two data conversion levels are compatible with the Opening Balance Initialization feature for new reporting or secondary ledgers?

A) Journal level
B) Currency level
C) Adjustment only level
D) Balance level
E) Subledger level

2. Which two statements are true regarding the Translation process? (Choose two.)

A) Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
B) The Translation process can only be used for translating the balances of Secondary ledgers.
C) The Translation process should be run before posting Period Close adjustment entries.
D) If necessary, before submitting the Translation process, the Revaluation process should be completed.
E) The Translation process can only be used to translate balance sheet accounts.

3. 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.

4. Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?

A) Create a data access set that allows access to the UK Ledger.
B) Assign the UK reference set to the user/role combination.
C) Assign the General Accounting Manager role to those users.
D) Assign the security context value of UK Ledger to the user/role combination.

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

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

Solutions: