[Oct 13, 2026] Passing Key To Getting 1Z0-1054-26 Certified Exam Engine PDF [Q45-Q67]

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[Oct 13, 2026] Passing Key To Getting 1Z0-1054-26 Certified Exam Engine PDF

1Z0-1054-26 Exam Dumps Pass with Updated Oct-2026 Tests Dumps

Oracle 1Z0-1054-26 Exam Syllabus Topics:

Section	Weight	Objectives
Leveraging AI/ML/Mobile and Automation Features	3%	– Use AI/ML/mobile and automation features for process efficiency
Performing Period Close	15%	– Period Close configuration – Period Close process overview
Implementing Ledgers	15%	– Ledger configuration
Implementing Enterprise and Financial Reporting Structures	15%	– Configuration of Financial Reporting Structures – Key features and capabilities of Enterprise and Financial Reporting Structures 1. Chart of Accounts design
Implementing and Managing Journals	20%	– Key features and capabilities of journal processing – Journal configuration
Enabling Redwood Capabilities	2%	– Enable Redwood capabilities and understand configuration impacts
Processing Intercompany	15%	– Intercompany transaction configuration – Intercompany transaction processing and reconciliation
Configuring Financial Reports	15%	– Financial reporting options – Financial report and analysis creation 1. General Accounting infolets

Q45. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

You can download the template only from the Manage Chart of Accounts Mappings page.

It supports external integration using REST services.

You can create, update, and delete account rules for a chart of accounts mapping.

You can create, update, and delete segment rules for a chart of accounts mapping.

According to Oracle documentation3, when using FBDI template to load Chart of Account Mapping Rules for their Primary and Secondary ledgers, you can create, update, and delete account rules for a chart of accounts mapping, and you can create, update, and delete segment rules for a chart of accounts mapping. FBDI enables you to import chart of accounts mapping rules from a spreadsheet template into General Ledger. You can use FBDI to manage both account rules and segment rules for a chart of accounts mapping. Therefore, options C and D are correct. Option A is incorrect because you can download the template from other pages besides the Manage Chart of Accounts Mappings page. Option B is incorrect because FBDI does not support external integration using REST services.

Q46. Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:
. Prefix your alias name with 07, where 07 is
your exam ID.
. There is no Product or Intercompany
impact.

See the Explanation for the complete Solution.
Explanation:
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Shorthand Aliases
Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
Click on the Add Row icon to create a new alias. Enter the following information:
Alias Name: RevDom
Account Template: 101-2000-400000-000-000-000
Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today’s date End Date: Blank Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
Account Aliases
Enter a GL Account Alias
Short Hand Alias in Fusion Financials Key Flexfield
How to Enable Account Shorthand Aliases

Q47. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

OTBI report

Financial Reporting Web Studio report

Account group

Trial Balance report

To view high-level profit and loss results for each ledger in the Close Monitor, you need to associate a Financial Reporting Web Studio report with the ledger set. This report should be based on the General Ledger Balances cube and should include the Income Statement account group as a row dimension. The report should also have the ledger set as a point of view dimension and the period and currency as user prompts. This way, you can select the ledger set, period, and currency when you run the report from the Close Monitor and see the aggregated income statement results for each ledger and consolidation node in the ledger set hierarchy. References: Overview of Close Monitor, Using General Ledger, Close Monitor Issue

Q48. You have created several account groups with the Display in option as Expenses.
Which setting determines the account group that will be displayed in the General Accounting infolets on your home page?

Set in Expenses

Set as Default

Access is Public

Access is Shared

Q49. The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

Output type

The layout-Template

The Data Model

The Data Source

The Sub_Template

To add a global branding logo and more predefined transactional attributes to the journal approval email notification, you should copy (or customize) and edit the layout template and the data model. The layout template is a file that defines the appearance and content of the notification, such as text, images, tables, or charts. The data model is a file that defines the data sources and queries that provide data for the notification, such as predefined transactional attributes. You can copy (or customize) and edit the layout template and the data model using Oracle Analytics Publisher reports. You do not need to copy (or customize) and edit the output type, as this is a setting that determines the format of the notification output, such as HTML or PDF. You do not need to copy (or customize) and edit the data source, as this is a component of the data model that specifies where data for the notification comes from, such as an SQL query or an XML file. You do not need to copy (or customize) and edit the sub template, as this is a file that contains reusable content or logic that can be referenced by multiple layout templates.Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives – Configure Workflow Approvals and Notifications12

Q50. You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

Fiscal Year

Calendar Year

Period

Year

According to Oracle documentation3, when you need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in, you should choose Fiscal Year as the format. A Fiscal Year format enables you to define periods based on fiscal years that span two calendar years. Therefore, option A is correct. Option B is incorrect because a Calendar Year format defines periods based on calendar years that start on January 1st and end on December 31st. Option C is incorrect because a Period format defines periods based on any number of days or weeks. Option D is incorrect because a Year format defines periods based on calendar years that start on any month other than January and end on any month other than December.

Q51. You entered across-validation ruleto prevent thebalance sheet cost center (000)from being used withProfit and Loss Accounts (4000-ZZZZ).
The following combinations exist in theCode Combination table:
01-000-4110-00
01-000-5299-000
01-000-5105-000
01-000-7640-00
Which two statements aretrueregardingcross-validation rules?

You need to run theCross-Validation Rules processto list and optionally disable combinations that violate rules.

You need to run theCross-Validation Rule Violations processto allow rules to apply to existing combinations that violate rules.

There is no need to create cross-validation rules ifDynamic Combination Creation Allowedis not enabled for your chart of accounts instance.

The rules validate and apply tonew accounts only.

The rules will validate and apply tonew and existing accounts.

Q52. The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?

The process validates all your data before it creates journal entries in General Ledger.

Any error transactions from Oracle Subledgers can be easily deleted and resubmitted.

You can only validate and select to transfer journal data in the Summary mode.

FBDI can be used to upload journal entry data from external sources into General Ledger.

Q53. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

You can have only one version of a hierarchy published to the Essbase cube at any time.

Hierarchies for reporting and allocations do not have to be published to Essbase cubes.

Hierarchies for reporting and allocations have to be published to Essbase cubes.

Child values in these hierarchies can belong to only one parent.

According to the Oracle documentation34, account hierarchies are defined in Oracle Fusion applications using tree functionality. Each account hierarchy is defined as a tree with one or more versions. You can have only one version of a hierarchy published to the Essbase cube at any time (option A). Child values in these hierarchies can belong to only one parent (option D).Option B is incorrect becausehierarchies for reporting and allocations must be published to Essbase cubes5. Option C is incorrect because it contradicts option B.

Q54. Your Oracle Fusion Cloud client needs to store balances such as floor space, number of employees, quantities purchased for use in journal allocations, and financial reporting.
Currently, in their test environment, they are unable to record statistical amounts.
What is the reason?

The currency STAT does not have the statistical unit type enabled.

The ledger currency does not have the derivation flag enabled.

The currency STAT does not have the ISO currency flag enabled.

Q55. 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 USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

The original journal entry in Euros is updated.

There is no unrealized exchange gain or loss calculated.

The original journal entry in Euros remains the same.

You have an unrealized exchange gain recorded.

You have an unrealized exchange loss recorded.

The two true statements for the resulting revaluation run are that you have an unrealized exchange gain recorded and you have an unrealized exchange loss recorded. Revaluation is a process that adjusts foreign currency balances to reflect current exchange rates at period end. Revaluation creates journal entries to record unrealized exchange gains or losses on foreign currency balances based on revaluation rates defined for each currency. In this scenario, you have a balance on the Accounts Payable Liability Account of 100,000 Euros which is equivalent to USD 136,550 at month end. The month end exchange rate for revaluation is 1 Euro = 1.3755 USD. Therefore, after revaluation, your balance on the Accounts Payable Liability Account will be USD 137,550 (100,000 x 1.3755). This means you have an unrealized exchange gain of USD 1,000 (137,550 – 136,550) on your Accounts Payable Liability Account because your liability in foreign currency has decreased in terms of your ledger currency due to exchange rate fluctuations. Revaluation will create a journal entry to debit your Accounts Payable Liability Account by USD 1,000 and credit your Unrealized Exchange Gain Account by USD 1,000 to record this gain. The original journal entry in Euros is not updated by revaluation, as revaluation only creates new journal entries to adjust foreign currency balances in terms of ledger currency based on revaluation rates. There is no unrealized exchange gain or loss calculated by revaluation, as revaluation does calculate unrealized exchange gains or losses on foreign currency balances based on revaluation rates.

Q56. Your organization has implemented a global Chart of Accounts, which is used by all ledgers. It has the following segments: Company, Department, Account, Intercompany and Future.
Your business practice allows for one intercompany receivable natural account and one intercompany payable natural account.
What is the minimum level for configuring intercompany balancing rules?

Ledger Rules

Primary Segment Rules

Chart of Accounts Rules

Legal Entity Rules

Q57. What are thetwo possible reasonsforencumbrance created on the purchase orderto go back to thebudget or funds availability?

When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.

When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.

The requisition reserved successfully undergoes amendment and is rejected in the reapproval.

The purchase order is canceled or finally closed or rejected without performing any receipt or invoice.

Q58. Which three factors should you consider while specifying Intercompany System options?

Approvers who will approve intercompany transactions

Automatic or manual batch numbering and the minimum transaction amount

Whether to allow receivers to reject intercompany transactions

Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies

Automatic or manual batch numbering and the maximum transaction amount

Intercompany System options are used to set up intercompany processing rules at the enterprise level, based on your specific business needs. They help you standardize and simplify transaction processing, minimize disputes, and reduce administrative costs. The three factors that you should consider while specifying Intercompany System options are:
Automatic or manual batch numbering and the minimum transaction amount: These options help you control the numbering and the size of intercompany transactions. You can choose to use system generated or manual batch numbering, and you can specify a minimum threshold amount for intercompany transactions to prevent immaterial transactions. To use the minimum transaction amount option, you must also select an Intercompany currency option.
Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies: This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions.
You can choose to standardize transaction processing by selecting an Intercompany currency, which means that all intercompany transactions created in the Intercompany module are entered in this currency.
Alternatively, you can choose to allow intercompany transactions in local currencies, which means that intercompany transactions can be entered in the ledger currency of the sender or the receiver.
Whether to allow receivers to reject intercompany transactions: This option helps you handle the approval and dispute resolution process for intercompany transactions. You can choose to allow receivers to reject intercompany transactions if they disagree with the sender’s information, such as the amount, the account, or the date. If you enable this option, you must also specify the rejection reason and the notification details for the sender.
Intercompany System Options
Implementing Enterprise Structures and General Ledger
Implement General Ledger

Q59. Budgetary control for accounts5020and5021has a budget of$90,000 USDeach for the year2012. The accounts also have balances onobligation of $10,000 USDfor each and anexpenditure of $20,000 USDfor each.
AFund of $50,000 USDis available for account5020only. You have run theEncumbrance Year End Carry Forward processfor obligation from the last period of the year2012to the first period of year2013.
Which statement is true?

If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.

The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.

If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.

Q60. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle ‘ s recommended practice when this occurs?

Rerun Revaluation and then rerun Translation.

Translate only the adjusting journal entry.

Rerun Translation and then reconsolidate your results.

Enter another adjusting journal entry in the target currency to true up the balances.

According to Oracle’s documentation, if you enter and post additional journal entries in your ledger currency after you run translation, you should rerun translation for the entire ledger or ledger set to ensure that all balances are translated using the same exchange rates. Then, you should reconsolidate your results to reflect the updated translated balances. References:
Using General Ledger, page 9-7: “If you enter and post additional journal entries in your ledger currency after you run translation, you should rerun translation for the entire ledger or ledger set.” Using General Ledger, page 9-8: “After you run translation, you can consolidate your results to create a consolidated balance sheet and income statement.” Implement General Ledger, page 2-10: “You can translate and consolidate balances as part of the period close process.”

Q61. Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.

Q62. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

Source

Allocation Range

Target

Offset

Basis

The source is where you specify the amount to be allocated. You can use various sources, such as account balances, fixed amounts, or statistical balances. In this case, you want to use the statistical balance of the floor area as the source of the allocation. The basis is where you specify the driver or factor that determines how the source amount is distributed among the targets. The target is where you specify the destination accounts that receive the allocated amount. The offset is where you specify the account that records the opposite side of the allocation entry. The allocation range is where you specify the scope of the allocation, such as the ledger, balancing segment, or legal entity. References:
Oracle Financials Cloud Implementing Enterprise Structures and General Ledger, Chapter 3: Allocations and Periodic Entries, Allocation Components Oracle Financials Cloud Using General Ledger, Chapter 3: Allocations and Periodic Entries, Overview

Q63. You are required to changetoday’s daily ratesfor convertingGBP to USD. What are three ways in which you can update existing daily rates?

Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.

Edit existing transactions and update the rates manually.

Use the spreadsheet loader from the Currency Rates Manager.

Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger’s Period Close work area.

Import daily rates through the Daily Rates open interface table.

Q64. You attempt to activate a tree version, but the audit process fails. In which two ways can you resolve this?

Run the Chart of Accounts Deployment process.

Run the Publish Chart of Accounts Dimension Members and Hierarchies program.

Ensure that parent values have the summary attributes set correctly.

Ensure that you do not assign children to child values.

Make sure all users sign out of the calculation manager.

Q65. When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?

Redeploy the chart of accounts.

Make sure to flatten the rows of the tree version.

Make sure the tree is active.

Make sure the tree version was published successfully.

Q66. You want to achievemulti-step cascading allocations. Which feature do you use?

RuleSets

Formulas

General Ledger journal entries

Point of View (POV)

Q67. Your customer isexpanding its operations. You defined a newledgerand severalbusiness units. However, you areunable to assignthe newly generateddata rolesto existingAccounts Payables and Accounts Receivablesusers in the shared service center.
What should you do to correct the problem?

Open the Oracle Identity Management (OIM) and make sure the data roles were created.

Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.

Open Access Policy Manager (APM) and assign the roles manually.

Open the Manage Users page and make sure the employees at

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