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Oracle Updated 1z0-1054-26 Exam Questions and Answers by aron

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Oracle 1z0-1054-26 Exam Overview :

Exam Name: Oracle Financials Cloud: General Ledger 2026 Implementation Professional
Exam Code: 1z0-1054-26 Dumps
Vendor: Oracle Certification: Oracle Financials Cloud
Questions: 143 Q&A's Shared By: aron
Question 16

You are planning to use the Related Value Sets feature with your Chart of Accounts to create a dependency between the Company and Cost Center segments. For example, when using Company 101, the list of displayed cost centers should be in the range 100 to 199. When setting up your value sets, which validation type should you choose for the Cost Center segment?

Options:

A.

Dependent

B.

Subset

C.

Table

D.

Independent

Discussion
Question 17

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

Options:

A.

Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.

B.

Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.

C.

Assists reconciling intercompany transactions and helps identify elimination entries.

D.

Enables balancing of many to-many primary balancing segment value journals and many to many legal entity journals

Discussion
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Question 18

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?

Options:

A.

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.

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, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.

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.

Discussion
Question 19

Financial Reporting Web Studio is a powerful tool within the Oracle Fusion Cloud suite, designed to empower financial professionals with advanced reporting capabilities.

Which two are key capabilities of Financial Reporting Web Studio?

Options:

A.

It can be used to create financial statements.

B.

It uses a drag and drop interface for report design.

C.

It helps group reports or books into batches for processing or scheduling.

D.

It provides Batch Bursting options including e-mail and print.

Discussion
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