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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. 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) 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.
B) 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.
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 only the obligation of $10,000 USD will be carried forward.
E) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.

2. You have created several account groups with the Display in option as Expenses.
Which setting determines the account group that will be displayed in the General Accounting infolets on your home page?

A) Access is Shared
B) Set in Expenses
C) Set as Default
D) Access is Public

3. 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) Output type
B) Layout template
C) Sub template
D) Style template
E) Data model

4. Your organization has implemented a global Chart of Accounts, which is used by all ledgers. It has the following segments: Company, Department, Account, Intercompany and Future.
Your business practice allows for one intercompany receivable natural account and one intercompany payable natural account.
What is the minimum level for configuring intercompany balancing rules?

A) Legal Entity Rules
B) Ledger Rules
C) Primary Segment Rules
D) Chart of Accounts Rules

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

Solutions: