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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 only will be carried forward.
B) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
C) 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.
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) 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.

2. On a primary ledger in the system options close section, the following field has been selected ' Prevent General Ledger Period Closure When Open Subledger Periods Exist ' .
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

A) Receipt accounting
B) Assets
C) Receivables
D) Revenue Management
E) Order Management

3. You have been tasked with creating user-defined infolets to monitor key financial metrics. However, you cannot see the option to create infolets in the Infolet repository. What are the two requirements to be able to see the Create option?

A) You must be in a sandbox.
B) You must define your OTBl analyses.
C) You must activate Page Composer.
D) You must publish a sandbox.
E) You must create a dashboard.

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

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

5. When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?

A) Make sure the tree version was published successfully.
B) Make sure to flatten the rows of the tree version.
C) Redeploy the chart of accounts.
D) Make sure the tree is active.

Solutions: