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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

Question 1

You are planning to use the Related Value Sets feature with your Chart of Accounts to create a dependency between the Company and Cost Center segments. For example, when using Company 101, the list of displayed cost centers should be in the range 100 to 199. When setting up your value sets, which validation type should you choose for the Cost Center segment?

A. Table
B. Independent
C. Dependent
D. Subset

Question 2

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?

A. Adjustment only level
B. Subledger level
C. Journal level
D. FBDI level
E. Balance level

Question 3

Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
What should you create to achieve this?

A. An Exception
B. A Condition Filter
C. An Exclusion
D. A Validation Filter

Question 4

On a primary ledger in Use system options close section, the following field has been selected:
' Prevent General Ledger Period Close When Open Subledger Periods Exist ' .
What three exceptions will prevent closing of the accounting period?

A. Intercompany Transactions are completed
B. Pending Intercompany Transactions
C. Pending Transaction in General Ledger Interface
D. No pending transaction in the General Ledger Interface table

Question 5

When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A. when the journal is balanced by second balancing segment value
B. when there is a many-to-many journal and you want to use a clearing company
C. when the journal is balanced by the primary BSV but not by second or third BSV
D. when the journal is not balanced by the primary balancing segment value (BSV)

Solutions: