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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Event Entities
B) Accounting Attributes
C) Transaction Objects
D) Mapping Sets

2. Task 3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values

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

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

4. Which two are predefined roles in General Ledger?

A) General Accounting Supervisor
B) General Accounting Manager
C) General Accountant
D) General Accounting Clerk

5. You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.

A) Capture accounting events.
B) Analyze external system transactions.
C) Create the accounting in the source system and then import the journal entries into subledger accounting.
D) Determine the accounting impact of transactions.

Solutions: