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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. The Vision Corporation Chart of Accounts is used by four ledgers, two of which share the same calendar and the other two have their own distinct calendars.
How many balances cubes are automatically created?

A) Two balances cubes
B) Four balances cubes
C) One balances cube
D) Three balances cubes

2. What is the role of the OTBI Reporting tool in Oracle Cloud Financial Reporting?

A) It allows users to perform spreadsheet-based multidimensional analysis from Microsoft Excel.
B) It allows users to design boardroom-ready financial statements, ensuring compliance with regulatory accounting standards.
C) It allows users to create, manage, and deliver high-fidelity, pixel-perfect reports and documents that can be scheduled to run at specific intervals.
D) It allows users to generate ad hoc reports, analyze financial data, and create user-defined analytics directly from the transaction tables.

3. 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) A value for the budget scenario has not been created.
D) The Create Scenario Dimension Members program has not been run.
E) The Transfer Budget Balances to Budget Cubes has not been run.

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

5. You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A) Query Designer
B) Smart Slices
C) Smart Queries
D) Ad Hoc Analysis

Solutions: