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Oracle 1Z0-1054-26 Exam Syllabus Topics:

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

1. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

A) Smart View
B) Financial Reporting Studio
C) Financial Statement Generator
D) Account Inspector

2. What is the key function of currency revaluation?

A) Converting the accounted balances from one currency to another target currency
B) Adjusting the accounted value of foreign currency denominated balances according to current conversion rates
C) Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity

3. What are The two advantages of having an intercompany segment in the Chart of Accounts?

A) Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.
B) Assists reconciling intercompany transactions and helps identify elimination entries.
C) Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.
D) Enables balancing of many to-many primary balancing segment value journals and many to many legal entity journals

4. You are reviewing the Intercompany Reconciliation report for the current period and notice that there is a difference for the period as indicated.

What could be reason for this difference?

A) The transaction needs to be transferred to Payables and accounted in the UK ledger.
B) The transaction needs to be transferred to Receivables and accounted in the UK ledger.
C) The transaction needs to be transferred to Payables and accounted in the US ledger.
D) The transaction needs to be transferred to Receivables and accounted in the US ledger.

5. Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 137,000 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.25 USD.
What two statements are true about the resulting revaluation run?

A) The original journal entry in Euros remains the same.
B) You have an unrealized exchange gain recorded.
C) The original journal entry in Euros is updated.
D) You have an unrealized exchange loss recorded.

Solutions: