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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

Question 1

The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A. Cost center
B. Intercompany Segment
C. Primary Balancing
D. Natural Account
E. Secondary Balancing

Question 2

You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

A. Address Cleansing
B. HZ_GEO_IDENTIFIER_SUBTYPE Lookup
C. Validation
D. Geocoding

Question 3

You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A. Ad Hoc Analysis
B. Smart Queries
C. Query Designer
D. Smart Slices

Question 4

Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
B. Each product has its own Intercompany Accounting feature that needs to be configured separately.
C. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
D. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.

Question 5

You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

A. Target
B. Source
C. Offset
D. Allocation Range
E. Basis

Solutions: