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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A) by creating Cross-Validation Rules desktop-integrated spreadsheet.
B) by using Cross-Validation Rules Import file-based data import (FBDI).
C) by using the Manage Cross-Validation Rules page.
D) by using the Manage General Ledger Security page.

2. Your UK operation has a requirement to maintain its ledger balances in USD to facilitate reporting to the parent company. A balance-level reporting currency has been created and linked to the primary ledger.
How are balances transferred to the reporting currency?

A) By running the Translate General Ledger Account Balances process
B) By running the Revalue Balances process at month end
C) By running the Journal Import process
D) By running the final Create Accounting process at month end

3. You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?

A) Freeze the Intercompany Journal source in General Ledger.
B) Close all subledger periods.
C) Close the General Ledger period in the Manage Accounting Periods page.
D) Close Intercompany periods in Fusion Intercompany.

4. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A) Primary ledger with the local accounting convention
B) Reporting currency with the local accounting convention
C) Secondary ledger with the IFRS accounting convention
D) Primary ledger with the IFRS accounting convention
E) Reporting currency with the IFRS accounting convention

5. Your company hascomplex consolidation requirementswithmultiple general ledger instances. You are usingOracle Hyperion Financial Managementto consolidate the disparateGeneral Ledgers.
You can typically map segments between yourgeneral ledger segmentto aHyperion Financial Management segment, such as:
Company to Entity
Department to Department
Account to Account
What happens to segments in yoursource general ledger, such asProgram, thatcannot be mappedtoHyperion Financial Management?

A) The unmapped segments default tofuture use segmentsin Hyperion Financial Management.
B) Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
C) The data is not transferred.
D) Data is summarized across segments that are not mapped to Hyperion Financial Management.

Solutions: