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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Topic 2: Performing Period Close | 15% | - Period Close process overview - Period Close configuration |
| Topic 3: Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Topic 4: Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Topic 5: Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Topic 6: Configuring Financial Reports | 15% | - Financial report and analysis creation
|
| Topic 7: Implementing Ledgers | 15% | - Ledger configuration |
| Topic 8: Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
1. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
A) Style template
B) Layout template
C) Data model
D) Output type
E) Sub template
2. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
A) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
B) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
C) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
D) Each product has its own Intercompany Accounting feature that needs to be configured separately.
3. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
A) No data is transferred.
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 unmapped segments default to future use segments in Hyperion Financial Management.
D) Data is summarized across segments that are not mapped to Hyperion Financial Management.
4. The intercompany accountants on the cloud project are trying to reconcile intercompany balances using the latest intercompany reconciliation report.
However, they have some concerns about the information presented in the report and want you to clarify the content in the standard reconciliation report.
What is included in the intercompany reconciliation report?
A) It displays all clearing company balances for the period.
B) It displays the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.
C) It displays ledger balancing lines generated when the primary balancing segment (BSV) is in balance but not the second or third BSVs.
5. You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.
A) Create the accounting in the source system and then import the journal entries into subledger accounting.
B) Analyze external system transactions.
C) Determine the accounting impact of transactions.
D) Capture accounting events.
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: A,D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A |
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