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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. In a primary ledger, under the System options, in the Close section, the " Prevent General Ledger Period Closure When Open Subledger Periods Exist " option has been selected.
For which subledger can you opt out of the Period Close Checking feature by using the ORA_GL_INCLD_STRICT_PRD_CLOSE lookup?

A) Accounts Payable
B) Lease Accounting
C) Order Management

2. Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?

A) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
B) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
C) If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
D) If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD only will be carried forward.
E) If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.

3. You define intercompany balancing rules that are applied to a specific source and category, such as Payables and Invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which statement on intercompany configuration is true?

A) Intercompany balancing evaluates the rules in the following order: ledger, legal entity, chart of accounts, and primary balancing segment value.
B) You can create a rule for all sources and categories by selecting the source " Other " and category " Other "
C) You must define intercompany balancing rules for all sources, categories, and transaction types.

4. Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
What should you create to achieve this?

A) An Exclusion
B) A Condition Filter
C) A Validation Filter
D) An Exception

5. You are defining an income statement report using Financial Reporting Web Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?

A) Drill Through in Grid Properties
B) Allow Expansion in Report Functions
C) Drill Down in Report Functions

Solutions: