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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?

A) The members of the Close Monitor hierarchy must all share the same accounting convention.
B) The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.
C) The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.

2. The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?

A) Any error transactions from Oracle Subledgers can be easily deleted and resubmitted.
B) The process validates all your data before it creates journal entries in General Ledger.
C) You can only validate and select to transfer journal data in the Summary mode.
D) FBDI can be used to upload journal entry data from external sources into General Ledger.

3. What is the key function of currency revaluation?

A) Converting the accounted balances from one currency to another target currency
B) Adjusting the accounted value of foreign currency denominated balances according to current conversion rates
C) Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity

4. Your company hascomplex consolidation requirementswithmultiple general ledger instances. You are usingOracle Hyperion Financial Managementto consolidate the disparateGeneral Ledgers.
You can typically map segments between yourgeneral ledger segmentto aHyperion Financial Management segment, such as:
Company to Entity
Department to Department
Account to Account
What happens to segments in yoursource general ledger, such asProgram, thatcannot be mappedtoHyperion Financial Management?

A) Data is summarized across segments that are not mapped to Hyperion Financial Management.
B) Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
C) The data is not transferred.
D) The unmapped segments default tofuture use segmentsin Hyperion Financial Management.

5. Which two statements are true if a journal description rule is defined with sources?

A) The description rule may be assigned to either the header or line level, or to both.
B) The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.
C) You cannot assign journal description rules to sources.
D) The description rule can only be assigned to the journal line level.
E) The description rule can only be assigned to the header or line level.

Solutions: