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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. You have enabled the ledger option "Limit a journal to a single currency." However, users are reporting that they can enter more than one currency when using the Create Journal task.
How would you resolve this issue?

A) Enable the Limit Journal to the Single Currency option for the Manual source.
B) Enable the Limit Journal to the Single Currency option for the Manual category.
C) Enable the Limit Journal to the Single Currency option for the required currencies.
D) Enable the Limit Journal to the Single Currency option for the ledger currency.

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

3. 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 share a common Chart of Accounts and calendar.
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 all share the same accounting convention.

4. You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

A) Redefine the geography hierarchy.
B) Define the Geography Validation for Country option to Error.
C) Define the Geography Validation for Country option to No Validation.
D) Redefine the location structure.

5. You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.

You get #Missing instead of a balance. What value did you not specify, which resulted in this?

A) Product
B) Cost Center
C) A particular currency
D) Intercompany

Solutions: