Free Oracle 1Z0-1054-26 Exam Questions

Become Oracle Certified with updated 1Z0-1054-26 exam questions and correct answers

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Total 204 Questions | Updated On: Apr 20, 2026

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Question 1

Which two statements are true regarding the Translation process? (Choose two.)

A : Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.

B : If necessary, before submitting the Translation process, the Revaluation process should be completed.

C : The Translation process should be run before posting Period Close adjustment entries.

D : The Translation process can only be used for translating the balances of Secondary ledgers.

E : The Translation process can only be used to translate balance sheet accounts.

Answer: A,B

Question 2

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?

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

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

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

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

Answer: A,D

Question 3

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI). What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

A : Historical rates are converted into an average rate (original and new rate).

B : The existing historical rate is deleted.

C : Nothing, existing historical rates are not updated.

D : The historical rate is replaced.

Answer: D

Question 4

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?

A : Ledger Rules

B : Primary Segment Rules

C : Chart of Accounts Rules

D : Legal Entity Rules

Answer: C

Question 5

Which Two predefined job roles automatically have the assigned privileges to access Financial Reporting Center?

A : Account Receivables Manager

B : Payables Supervisor

C : General Accounting Manager

D : Budget Manager

E : Intercompany Manager

Answer: C,D

Page: 1 / 41

Total 204 Questions | Updated On: Apr 20, 2026

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