Exam Name: Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Preparing for the Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional exam on a tight schedule? ExamPrepAway condenses the syllabus into 145 focused 1Z0-1054-26 practice questions, so even a busy week can move you forward. In 2026, few candidates have months to spare, and this product is built for that reality.
Oracle 1Z0-1054-26 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional |
| Exam Number: | 1Z0-1054-26 |
| Exam Format: | Multiple Choice, Multiple Response |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Fusion Cloud Financials Implementation Professional |
| Recommended Training: | Oracle University Training - Fusion Financials |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Portal |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or onsite via Pearson VUE testing centers |
| Pre Condition: | Recommended experience with Oracle Fusion Cloud Financials and General Ledger implementation concepts. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Journal Processing | - Journal creation and approval workflows - Journal import and automation - Recurring journals and allocations |
| Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls |
| Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
| Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing |
| General Ledger Configuration | - Chart of Accounts structure and segments - Accounting calendar and currency setup - Ledger setup and accounting configuration |
Oracle 1Z0-1054-26 Exam: Frequently Asked Questions
The 1Z0-1054-26 exam is the official exam behind the Oracle Fusion Cloud Financials credential from Oracle. It sits at the Professional level of the Oracle certification track. It is also associated with Oracle Fusion Cloud Financials Implementation Professional. The ExamPrepAway practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.
Recommended experience with Oracle Fusion Cloud Financials and General Ledger implementation concepts.
Requirements can change, so confirm the latest details on the official Oracle exam page before you register.
You can book the 1Z0-1054-26 exam through the following official channels:
The exam is delivered Online proctored or onsite via Pearson VUE testing centers, so pick the option that suits you when booking.
Oracle points candidates to these official courses:
Once you have worked through the official material, wrap up your preparation with the 145 practice questions from ExamPrepAway to lock in what you have learned.
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The 1Z0-1054-26 syllabus is divided into 5 domains, including Security and Controls, Financial Reporting, and General Ledger Configuration. The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above ā review it line by line and flag the areas where you feel weakest.
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
You create a Trial Balance type report using Smart View. As you include all segments for the Chart of Accounts, you expect to see zero balance. Further with the Zoom Out function, you expect to see the balances in each account.
Instead, IMTSSTNG is appearing in the report output.
What is the issue with this report?
- A. You have not selected a member for Amount Type.
- B. You have not selected a member for Balance Amount.
- C. You have not selected a member for Currency.
Correct Answer: A š³ļø
The intercompany accountants on the cloud project are trying to reconcile intercompany balances using the latest intercompany reconciliation report.
However, they have some concerns about the information presented in the report and want you to clarify the content in the standard reconciliation report.
What is included in the intercompany reconciliation report?
- A. It displays all clearing company balances for the period.
- B. It displays the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.
- C. It displays ledger balancing lines generated when the primary balancing segment (BSV) is in balance but not the second or third BSVs.
Correct Answer: B š³ļø
Your customer has alarge number of legal entities. Thelegal entity valuesare defined in thecompany segment and the primary balancing segment.
They want to easily createeliminating entriesfor theintercompany activity.
What should you recommend?
- A. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
- B. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
- C. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
- D. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
Correct Answer: D š³ļø
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. Four balances cubes
- B. Two balances cubes
- C. One balances cube
- D. Three balances cubes
Correct Answer: D š³ļø
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Your organization has frequent fund transfers between entities to meet working capital requirements and address internal financing needs. You decide to use the Multitier Intercompany functionality to address those needs.
Which two components of Multitier Intercompany need to be created to generate an intercompany transaction for General Ledger?
- A. Intercompany Customer Supplier Association
- B. Intercompany Transfer Authorization
- C. Intercompany Agreement
- D. Intercompany Receivables Assignment
- E. Transaction Account Definition
Correct Answer: B,C š³ļø
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