Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional - 1Z0-1054-26 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

What is the key function of currency translation?

A. Measuring current financial transactions that are denominated or stated in an accounting currency into the functional currency of the entity. B. Adjusting the accounted value of foreign currency-denominated balances according to current conversion rates. C. Expressing the functional currency financial results of a subsidiary in the entity's reporting or consolidated currency. D. Creating unrealized gain or loss journals for foreign currency transactions.

Discussion 0

Correct Answer: C Vote an answer

Question 2

What are two uses of theColumn FlatteningandRow Flatteningfeatures?

A. View information for runtime performance. B. Verify correctness of trees. C. Create additional versions of a tree. D. Optimize parent/child relationships. E. Set the status of a tree to active.

Discussion 0

Correct Answer: A,D Vote an answer

Question 3

The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A. Output type B. The Data Model C. The Data Source D. The Sub_Template E. The layout-Template

Discussion 0

Correct Answer: B,E Vote an answer

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Question 4

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

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

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Correct Answer: B Vote an answer

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Question 5

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

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Correct Answer: A,D Vote an answer

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Question 6

Which two statements are true regarding the export/import of reports?

A. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist. B. Reports on setup data can be used to compare and analyze how the data might have changed over time. C. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data. D. A set of reports lists user names, suppliers, and customers that have been exported/imported. E. The export/import reports are available only for Fusion Customer Relationship Management.

Discussion 0

Correct Answer: B,C Vote an answer