Oracle 1Z0-1054-26 : Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional

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

1. Which two statements are true about balances cubes in General Ledger?

A) They are updated automatically when the Revaluation process is run.
B) New dimensions can be added to a General Ledger balances cube.
C) They are updated automatically when the General Ledger period is opened.
D) A new balances cube is created for a unique combination of ledger and currency.
E) They are updated automatically when the Translation process is run.

2. You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

A) Fiscal Year
B) Year
C) Period
D) Calendar Year

3. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A) Primary ledger with the local accounting convention
B) Reporting currency with the IFRS accounting convention
C) Secondary ledger with the IFRS accounting convention
D) Primary ledger with the IFRS accounting convention
E) Reporting currency with the local accounting convention

4. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
B) Data is summarized across segments that are not mapped to Hyperion Financial Management.
C) The unmapped segments default to future use segments in Hyperion Financial Management.
D) No data is transferred.

5. You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values.
Which two are the reasons for this?

A) Budgeting has not been enabled in the ledger options.
B) The Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
C) The Create Scenario Dimension Members program has not been run.
D) The Transfer Budget Balances to Budget Cubes has not been run.
E) A value for the budget scenario has not been created.

Solutions: