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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Configuring Financial Reports | 15% | - Financial report and analysis creation
|
| Performing Period Close | 15% | - Period Close configuration - Period Close process overview |
| Implementing Ledgers | 15% | - Ledger configuration |
| Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?
- A. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
- B. Chart of Accounts and Business Units
- C. Legal Entities, Business Units, and Chart of Accounts
- D. Accounting Calendar
- E. Chart of Accounts
Correct Answer: D,E 🗳️
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
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
Correct Answer: C 🗳️
What describes a legal jurisdiction?
- A. It represents a legal employer used for payroll reporting.
- B. It is a recognized party with rights and responsibilities given by legislation.
- C. It has the power to make laws and levy and collect fees and taxes.
- D. Its legislation applies to a group of countries or a single country, state, county, or parish.
Correct Answer: D 🗳️
Explanation: Only visible for Dumps4PDF members. You can sign-up / login (it's free).
Which Two are key capabilities of Account Groups within the General Accounting Dashboard?
- A. Monitor key accounts automatically in real time on an exception or permanent basis.
- B. Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.
- C. Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.
- D. Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.
Correct Answer: A,C 🗳️
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