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100+ Free Oracle GL 2026 (1Z0-1054-26) Practice Questions

Pass your Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional exam on the first try — instant access, no signup required.

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Key Facts: Oracle GL 2026 (1Z0-1054-26) Exam

55 questions

The 1Z0-1054-26 exam contains 55 multiple-choice questions

Oracle 1Z0-1054 exam specification

90 minutes

Time allowed to complete the General Ledger exam

Oracle 1Z0-1054 exam specification

75%

Passing score for the General Ledger Implementation Professional exam

Oracle 1Z0-1054 exam specification

USD 245

Standard Oracle professional certification exam fee

Oracle certification pricing

7 topic areas

Objectives span structures, ledgers, journals, intercompany, close, reporting and automation

Oracle 1Z0-1054 exam syllabus

Multiple choice

The exam is a proctored multiple-choice format graded pass or fail

Oracle certification delivery

Implementation Professional

Certification level for consultants configuring Oracle Fusion Cloud GL

Oracle certification catalog

100

Free original practice questions in this bank

OpenExamPrep

The Oracle 1Z0-1054-26 exam certifies consultants as Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professionals. It has 55 multiple-choice questions, a 90-minute time limit and a 75% passing score, and costs USD 245. Topics span enterprise and financial reporting structures, ledgers, journals, intercompany, period close, financial reporting (Financial Reporting Studio and Smart View), budgetary control and automation features. This 100-question bank gives original, exam-style practice with answer explanations for every option.

Sample Oracle GL 2026 (1Z0-1054-26) Practice Questions

Try these sample questions to test your Oracle GL 2026 (1Z0-1054-26) exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In Oracle Fusion Cloud General Ledger, what is the maximum number of segments allowed in a chart of accounts structure?
A.10
B.20
C.30
D.An unlimited number
Explanation: A chart of accounts structure in Oracle Fusion can contain up to 30 segments. In practice most organizations use far fewer, but the platform supports up to 30 to accommodate complex reporting and analysis needs.
2Which chart of accounts segment is required and is used to record debits and credits in Oracle Fusion General Ledger?
A.The natural account segment
B.The cost center segment
C.The intercompany segment
D.The future-use segment
Explanation: Every chart of accounts must have a natural account segment, qualified as the Natural Account, which classifies amounts as assets, liabilities, owner's equity, revenue or expense and is where debits and credits are recorded. A balancing segment is also required.
3Which segment qualifier must be assigned to ensure that each journal entry balances by legal entity or company within a ledger?
A.Cost Center segment
B.Primary Balancing Segment
C.Natural Account segment
D.Secondary Tracking Segment
Explanation: The Primary Balancing Segment qualifier ensures debits equal credits for each value of that segment, typically the company or legal entity. General Ledger automatically generates balancing lines when an entry does not balance by this segment.
4What is the purpose of a cross-validation rule in Oracle Fusion General Ledger?
A.To translate balances into another currency
B.To prevent the creation of invalid account code combinations
C.To approve journals automatically
D.To define ledger calendars
Explanation: Cross-validation rules control which segment value combinations can be created, preventing users from forming invalid account code combinations. For example, a rule can stop a balance sheet account from being combined with a cost center value.
5A consultant needs to restrict which segment values a particular user can enter or view. Which feature should be configured?
A.Cross-validation rule
B.Segment value security rule (data security policy)
C.Mapping set
D.Allocation rule
Explanation: Segment value security rules restrict which values of a segment a user can use or report on, based on assigned data security policies. This is different from cross-validation, which governs valid combinations regardless of user.
6What is an account hierarchy (tree) primarily used for in Oracle Fusion General Ledger?
A.Storing transaction-level audit data
B.Defining parent-child relationships among segment values for rollups and reporting
C.Encrypting ledger balances
D.Managing user roles
Explanation: Account hierarchies, modeled as trees, define parent-child relationships among segment values. They are used for summarization, allocations, financial reporting rollups and revaluation ranges, and must be published (flattened) before use in reporting.
7After modifying an account hierarchy version, what action must be taken before the new structure is available for GL reporting and the balances cube?
A.Run the Create Accounting program
B.Publish (flatten) the tree version and deploy it
C.Reopen the period
D.Submit Revalue Balances
Explanation: A tree version must be set to Active and then flattened/published so the row and column flattening tables are updated. Publishing the account hierarchy makes the parent values available in the balances cube and Financial Reporting.
8Which enterprise structure object is associated one-to-one with a primary ledger in a typical single-country configuration and owns the statutory reporting obligations?
A.Business unit
B.Legal entity
C.Reference data set
D.Cost organization
Explanation: A legal entity is the entity registered to conduct business and has statutory reporting obligations. Legal entities are assigned to a primary ledger; multiple legal entities can share one ledger when they have the same chart of accounts, calendar and currency.
9Three legal entities operate in the same country, share the same chart of accounts, accounting calendar and currency, and use accrual accounting. What is the recommended ledger design?
A.One primary ledger with the three legal entities assigned to it
B.Three separate primary ledgers
C.One reporting currency ledger only
D.A ledger set with no primary ledger
Explanation: When legal entities share the same chart of accounts, calendar, currency and accounting method, they can be assigned to a single primary ledger and distinguished by the primary balancing segment. This simplifies maintenance and reporting.
10What does the 'accounting method' (subledger accounting method) determine within an accounting configuration?
A.The currency conversion rate type
B.How subledger transactions are accounted into journal entries
C.The retained earnings account
D.The period close exception rules
Explanation: The subledger accounting method groups journal entry rule sets that define how subledger transactions, such as invoices and receipts, are transformed into accounting entries. It is one of the four configuration elements assigned to a ledger.

About the Oracle GL 2026 (1Z0-1054-26) Exam

The Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional exam (1Z0-1054-26) validates the skills needed to implement Oracle Fusion Cloud General Ledger. It is aimed at implementation consultants who configure enterprise structures, the chart of accounts, ledgers, journals, intercompany processing, period close and financial reporting. Earning the certification demonstrates that you can set up and manage GL in a real Oracle Cloud Applications environment. The exam is multiple choice, proctored, and graded against a fixed passing standard.

Assessment

55 multiple-choice questions covering enterprise and financial reporting structures, ledgers, journals, intercompany, period close, financial reporting and budgetary control, and automation features.

Time Limit

90 minutes

Passing Score

75%

Exam Fee

USD 245 (standard Oracle professional certification fee; varies by country, plus applicable taxes). (Oracle University (delivered through Oracle's authorized testing partner))

Oracle GL 2026 (1Z0-1054-26) Exam Content Outline

15%

Enterprise and Financial Reporting Structures

Chart of accounts structure and instances, value sets, segment qualifiers, account hierarchies and trees, cross-validation rules, security rules, and the enterprise structures (legal entities, business units, ledgers) that support financial reporting.

13%

Ledgers

Accounting configuration, primary, secondary and reporting-currency ledgers, ledger options, subledger accounting basics, data access sets, GL security, and the GL balances cube used for inquiry and reporting.

15%

Journals

Creating manual, spreadsheet (ADFdi), recurring, allocation and imported journals, journal categories and sources, approval workflows, reversal, suspense, clearing and intercompany balancing, and AutoPost and AutoReverse.

12%

Intercompany

Intercompany organizations and balancing rules, the Advanced Global Intercompany System (AGIS), intercompany transactions and invoicing options, reconciliation, and intercompany period close.

15%

Period Close

Opening and closing periods, currency revaluation, translation, consolidation methods, allocations with Calculation Manager, reconciliation, and using the Financial Reporting Center and Close Monitor to track close status.

20%

Financial Reporting and Budgetary Control

Financial Reporting Studio (FR reports), Smart View ad hoc analysis, OTBI, account groups and the General Accounting dashboard, plus budget definitions, budget loading and budgetary control configuration and validation.

10%

AI, ML, Mobile and Automation

Business value and capabilities of automation, embedded AI/ML, and mobile features in Oracle Fusion Cloud Financials General Ledger, including intelligent account combination and automated close activities.

How to Pass the Oracle GL 2026 (1Z0-1054-26) Exam

What You Need to Know

  • Passing score: 75%
  • Assessment: 55 multiple-choice questions covering enterprise and financial reporting structures, ledgers, journals, intercompany, period close, financial reporting and budgetary control, and automation features.
  • Time limit: 90 minutes
  • Exam fee: USD 245 (standard Oracle professional certification fee; varies by country, plus applicable taxes).

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

Oracle GL 2026 (1Z0-1054-26) Study Tips from Top Performers

1Configure a chart of accounts end to end in a test environment: build value sets, define segments and qualifiers, create account hierarchies and add cross-validation and security rules so the relationships become second nature.
2Learn the difference between primary, secondary and reporting-currency ledgers and when each is used, including data access sets and how subledger accounting feeds the GL.
3Practise journal processing hands-on, including spreadsheet (ADFdi) import, recurring and allocation journals, AutoPost, AutoReverse, suspense and intercompany balancing.
4Walk through a full period close: revaluation, translation, consolidation and allocations, and use the Close Monitor and reconciliation reports to confirm each step.
5Build at least one Financial Reporting Studio report and do ad hoc analysis in Smart View so you understand reporting against the GL balances cube.
6Review budgetary control setup and validation, and learn how budget journals and budget loading differ from actual journals.

Frequently Asked Questions

How many questions are on the 1Z0-1054-26 exam and how long is it?

The Oracle 1Z0-1054-26 exam has 55 multiple-choice questions and a 90-minute time limit. It is delivered as a proctored online or test-centre exam through Oracle's testing partner.

What is the passing score for the Oracle General Ledger 2026 exam?

The published passing score is 75%. The exam is graded pass or fail against this fixed standard; there is no separate score for individual topic areas.

How much does the 1Z0-1054-26 exam cost?

The exam fee is USD 245, the standard Oracle professional certification price. The amount may vary by country and local taxes can apply.

Who should take the 1Z0-1054-26 certification?

It is designed for implementation consultants and finance professionals who configure Oracle Fusion Cloud General Ledger, including enterprise structures, ledgers, journals, intercompany, period close and financial reporting.

What topics does the exam cover?

Topics include enterprise and financial reporting structures, ledgers, journals, intercompany, period close, financial reporting with Financial Reporting Studio and Smart View, budgetary control, and AI/ML/mobile automation features.

Are these official Oracle exam questions?

No. These are original OpenExamPrep practice questions modelled on the published exam objectives. Oracle provides official training and practice tests separately through Oracle University.