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Oracle 1Z0-1054-26 Exam Syllabus Topics:
| Section | Objectives |
| General Ledger Configuration | - Accounting calendar and currency setup
- Ledger setup and accounting configuration
- Chart of Accounts structure and segments
|
| 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
|
| Security and Controls | - Role-based access control in General Ledger
- Audit and compliance controls
|
| Journal Processing | - Journal creation and approval workflows
- Journal import and automation
- Recurring journals and allocations
|
Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
Your current Oracle Fusion Cloud implementation project includes the configuration of multiple ledgers per country and the setting up of accounting automation to drive journal processing efficiencies. In a particular country (which has a primary, secondary, and multiple reporting currency ledgers), there is a requirement to exclude the country ' s journal processing from accounting automation.
If you enter a ledger set (including all ledgers for that country) on the Exclusion tab of Manage Accounting Automation, what is removed from accounting automation processing?
- A. The secondary and reporting currency ledgers only
- B. Just the primary ledger
- C. The primary, secondary, and reporting currency ledgers
- D. The primary and reporting ledgers only
Reveal Solution
Discussion
Which Two predefined job roles automatically have the assigned privileges to access Financial Reporting Center?
- A. Payables Supervisor
- B. General Accounting Manager
- C. Intercompany Manager
- D. Account Receivables Manager
- E. Budget Manager
Reveal Solution
Discussion
You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?
- A. Chart of Accounts and Business Units
- B. Legal Entities, Business Units, and Chart of Accounts
- C. Chart of Accounts
- D. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
- E. Accounting Calendar
Reveal Solution
Discussion
Task 3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values
Reveal Solution
Discussion
Correct Answer:
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 Chart of Accounts Mapping
Select the source chart of accounts (UK) and the target chart of accounts (CA) that you want to map.
Click on the Segment Rules tab to define the segment mapping rules. Enter the following information for each segment:
Segment Number: 1
Segment Name: Company
Mapping Type: Value
Source Value: *
Target Value: *
Segment Number: 2
Segment Name: LoB
Mapping Type: Value
Source Value: *
Target Value: *
Segment Number: 3
Segment Name: Account
Mapping Type: Range
Source From Value: 1000
Source To Value: 1999
Target Value: 11101
Mapping Type: Range
Source From Value: 2000
Source To Value: 2999
Target Value: 22100
Mapping Type: Range
Source From Value: 3000
Source To Value: 3999
Target Value: 34000
Mapping Type: Range
Source From Value: 4000
Source To Value: 4999
Target Value: 42000
Mapping Type: Range
Source From Value: 5000
Source To Value: 99999999
Target Value: 51100
Segment Number: 4
Segment Name: Cost Center
Mapping Type: Value
Source Value: 0
Target Value: Balance Sheet
Mapping Type: Value
Source Value: 000
Target Value: Balance Sheet
Mapping Type: Value
Source Value: *
Target Value: 610
Segment Number: 5
Segment Name: Product
Mapping Type: Value
Source Value: *
Target Value: *
Segment Number: 6
Segment Name: Intercompany
Mapping Type: Value
Source Value: *
Target Value: *
Click on the Save and Close button to save the segment mapping rules.
You have successfully created a Chart of Accounts mapping for the given scenario. For more information, you can refer to the following resources:
Overview of the Chart of Accounts Mapping Page
Chart of Accounts Structures and Instances
How To Create A Chart Of Accounts Mapping For A Secondary Ledger
How To Bulk Upload The Mapping Rules In "Manage Chart of Accounts Mapping" Centralized Management of Chart of Accounts Configurations
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.)
- A. You can download the template only from the Manage Chart of Accounts Mappings page.
- B. You can create, update, and delete account rules for a chart of accounts mapping.
- C. You can create, update, and delete segment rules for a chart of accounts mapping.
- D. It supports external integration using REST services.
Reveal Solution
Discussion
Correct Answer: B,C 🗳️
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