Updated: Aug 01, 2026
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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional |
| Exam Number: | 1Z0-1054-26 |
| Certificate Validity Period: | 2 years |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Fusion Cloud Financials Implementation Professional Oracle Cloud Financials Certification Track |
| Available Languages: | English |
| Exam Price: | USD 245 |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Passing Score: | ~68% |
| Real Exam Qty: | 55 |
| Sample Questions: | Oracle 1Z0-1054-26 Sample Questions |
| Exam Way: | Online proctored exam via Oracle Testing Centers or Pearson VUE |
| Pre Condition: | Recommended: Basic understanding of Oracle Fusion Cloud Financials or accounting principles |
| Official Syllabus URL: | https://education.oracle.com |
| Section | Objectives |
|---|---|
| Topic 1: Security and Integration | - Integration with subledgers
|
| Topic 2: Advanced Financials Features | - Allocations and automation
|
| Topic 3: General Ledger Configuration | - Enterprise structure setup for Financials
|
| Topic 4: Journal Processing | - Journal creation and management
|
| Topic 5: Accounting and Close Processes | - Financial reporting
|
1. You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?
A) Fiscal Year
B) Year
C) Period
D) Calendar Year
2. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?
A) Transfer Budget Balances to Budget Cubes has not been run.
B) Budgeting is not enabled in the Ledger options.
C) The Create Scenario Dimension Members program has not been run.
D) A value for the budget scenario is not created.
E) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
3. Which Two are key capabilities of Account Groups within the General Accounting Dashboard?
A) Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.
B) Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.
C) Monitor key accounts automatically in real time on an exception or permanent basis.
D) Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.
4. Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
A) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
B) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
C) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.
The system will automatically update the translated balances.
D) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
5. You have enabled the ledger option "Limit a journal to a single currency." However, users are reporting that they can enter more than one currency when using the Create Journal task.
How would you resolve this issue?
A) Enable the Limit Journal to the Single Currency option for the required currencies.
B) Enable the Limit Journal to the Single Currency option for the Manual category.
C) Enable the Limit Journal to the Single Currency option for the ledger currency.
D) Enable the Limit Journal to the Single Currency option for the Manual source.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C,D | Question # 3 Answer: B,C | Question # 4 Answer: D | Question # 5 Answer: D |
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