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: Feb 20, 2026

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Question 1

Which two statements are true about the Intercompany Reconciliation report?

A : It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

B : It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

C : It displays the intercompany receivables and intercompany payables balances in summary for a period.

D : You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.

E : It displays all clearing company balancing lines for a period.

Answer: B,C

Question 2

An Oracle Fusion Cloud customer operating in the financial services sector requires only a subset of the legal entities data captured in the primary ledgers to be transferred to the secondary ledgers. Which journal data conversion level should be selected between the primary and secondary ledgers to achieve this?

A : Adjustment only

B : Journal

C : Balance

Answer: A

Question 3

Which three Oracle Transactional Business Intelligence (OTBI) objects can be created by using the tools in the Oracle Business Intelligence (BI) catalog?

A : Reports

B : Infotiles

C : Analyses

D : Infolets

E : Dashboards

Answer: A,C,E

Question 4

Which two statements are true regarding the export/import of reports?

A : To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.

B : A set of reports lists user names, suppliers, and customers that have been exported/imported.

C : The export/import reports are available only for Fusion Customer Relationship Management.

D : A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.

E : Reports on setup data can be used to compare and analyze how the data might have changed over time.

Answer: D,E

Question 5

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 Payables and accounted in the US ledger.

C : The transaction needs to be transferred to Receivables and accounted in the UK ledger.

D : The transaction needs to be transferred to Receivables and accounted in the US ledger.

Answer: A

Page: 1 / 41

Total 204 Questions | Updated On: Feb 20, 2026

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