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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

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

2. 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 share the same accounting convention.
C) The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.

3. You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?

A) Close all subledger periods.
B) Close the General Ledger period in the Manage Accounting Periods page.
C) Close Intercompany periods in Fusion Intercompany.
D) Freeze the Intercompany Journal source in General Ledger.

4. You are creating a Multitier Intercompany agreement and haven chosen to use a clearing organization in Financial Route.
How many clearing organizations can be involved in Financial Route?

A) 5
B) 2
C) 9
D) 3

5. Your company hascomplex consolidation requirementswithmultiple general ledger instances. You are usingOracle Hyperion Financial Managementto consolidate the disparateGeneral Ledgers.
You can typically map segments between yourgeneral ledger segmentto aHyperion Financial Management segment, such as:
Company to Entity
Department to Department
Account to Account
What happens to segments in yoursource general ledger, such asProgram, thatcannot be mappedtoHyperion Financial Management?

A) The data is not transferred.
B) Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
C) Data is summarized across segments that are not mapped to Hyperion Financial Management.
D) The unmapped segments default tofuture use segmentsin Hyperion Financial Management.

Solutions: