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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. Which two statements are true regarding the Translation process? (Choose two.)

A) Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
B) The Translation process can only be used for translating the balances of Secondary ledgers.
C) The Translation process can only be used to translate balance sheet accounts.
D) The Translation process should be run before posting Period Close adjustment entries.
E) If necessary, before submitting the Translation process, the Revaluation process should be completed.

2. Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?

A) A new Balances Cube is created for a unique combination of Ledger and Currency.
B) They are updated automatically when the General Ledger period is opened.
C) They are updated automatically when the Translation process is run.
D) They are updated automatically when the Revaluation process is run.
E) New dimensions can be added to a General Ledger Balances Cube.

3. Budgetary control for accounts5020and5021has a budget of$90,000 USDeach for the year2012. The accounts also have balances onobligation of $10,000 USDfor each and anexpenditure of $20,000 USDfor each.
AFund of $50,000 USDis available for account5020only. You have run theEncumbrance Year End Carry Forward processfor obligation from the last period of the year2012to the first period of year2013.
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, and the funds available $50,000 USD will be carried forward.

4. Your Oracle Fusion Cloud client needs to store balances such as floor space, number of employees, quantities purchased for use in journal allocations, and financial reporting.
Currently, in their test environment, they are unable to record statistical amounts.
What is the reason?

A) The currency STAT does not have the ISO currency flag enabled.
B) The currency STAT does not have the statistical unit type enabled.
C) The ledger currency does not have the derivation flag enabled.

5. You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)

A) You have not downloaded the report to your local drive.
B) You have not saved it in the MyFolders directory.
C) You have not saved it in the Shared Folder/Custom/Financials directory.
D) You have not uploaded it to Financial Reporting Center.

Solutions: