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Oracle 1Z0-1054-26 Exam Dumps

Get All Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Exam Questions with Validated Answers

1Z0-1054-26 Pack
Vendor: Oracle
Exam Code: 1Z0-1054-26
Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
Exam Questions: 143
Last Updated: August 7, 2026
Related Certifications: Oracle Cloud , Enterprise Resource Planning
Exam Tags: Professional Financials Cloud Implementation Consultants or Financial Systems Analysts
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Free Oracle 1Z0-1054-26 Exam Actual Questions

Question No. 1

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?

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Correct Answer: A

The source is where you specify the amount to be allocated. You can use various sources, such as account balances, fixed amounts, or statistical balances. In this case, you want to use the statistical balance of the floor area as the source of the allocation. The basis is where you specify the driver or factor that determines how the source amount is distributed among the targets. The target is where you specify the destination accounts that receive the allocated amount. The offset is where you specify the account that records the opposite side of the allocation entry. The allocation range is where you specify the scope of the allocation, such as the ledger, balancing segment, or legal entity.Reference:

Oracle Financials Cloud Implementing Enterprise Structures and General Ledger, Chapter 3: Allocations and Periodic Entries, Allocation Components

Oracle Financials Cloud Using General Ledger, Chapter 3: Allocations and Periodic Entries, Overview


Question No. 2

You are reviewing the Intercompany Reconciliation report for the current period and notice that there is a difference for the period as indicated.

What could be reason for this difference?

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Correct Answer: A

Question No. 3

A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.

Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

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Correct Answer: E

The adjustment only level is the data conversion level that ensures only manual journals will be entered in the secondary ledger. This level means that no data is copied from the primary ledger to the secondary ledger automatically. Instead, the user can enter manual adjustments in the secondary ledger to reflect the differences between the two accounting standards. This level is suitable for scenarios where the accounting methods or charts of accounts are very close between the primary and secondary ledgers, and there is no need to maintain detailed journals or subledger transactions in the secondary ledger.Reference:Primary Ledgers, Secondary Ledgers, and Reporting Currencies,High Volume Data Migration Considerations for General Ledger,Reporting Currencies - Conversion Level Balance


Question No. 4

You create a Trial Balance type report using Smart View. As you include all segments for the Chart of Accounts, you expect to see zero balance. Further with the Zoom Out function, you expect to see the balances in each account.

Instead, IMTSSTNG is appearing in the report output.

What is the issue with this report?

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Correct Answer: B

Question No. 5

Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis? (Choose two.)

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Correct Answer: B, D

The two options that allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis are Reports and Analytics and Enterprise Performance Management Workspace. Reports and Analytics is a tool that allows users to access, create, edit, and share reports and analyses using data from various sources, including Oracle Transactional Business Intelligence. Users can access Reports and Analytics from various pages in Oracle Fusion Applications or from Oracle Fusion Cloud Service Console. Enterprise Performance Management Workspace is a tool that allows users to access, create, edit, and share reports and analyses using data from various sources, including Oracle Transactional Business Intelligence. Users can access Enterprise Performance Management Workspace from Oracle Fusion Cloud Service Console or from a web browser. Universal Content Management Workspace is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to manage documents and other digital content in Oracle Fusion Applications. Business Process Management Workspace is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to monitor and manage business processes in Oracle Fusion Applications. Scheduled Processes is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to submit, monitor, and manage scheduled processes in Oracle Fusion Applications.Reference: Oracle FinancialsCloud: General Ledger 2022 Implementation Professional Objectives - Use Oracle Transactional Business Intelligence (OTBI)12


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