Oracle GL 2026 (1Z0-1054-26) study plan
Oracle GL 2026 (1Z0-1054-26) · Give each week a clear focus.
8 weeks · About 7 hours per week
General Ledger Configuration and Enterprise Structures
Map the full enterprise structure chain from legal entity to ledger to business unit and draw it from memory
Configure a chart of accounts structure, accounting calendar, and currency setup in a practice instance
Distinguish primary ledger, secondary ledger, reporting currency, and ledger set options and when each is used
Explain how the accounting calendar periods, adjusting periods, and opening/closing balances interact
Your checkpoint
A one-page annotated diagram of the enterprise structure chain plus a completed practice-instance setup checklist showing calendar, currency, and ledger options you configured
General Ledger Configuration and Enterprise Structures & Chart of Accounts, Values, and Account Hierarchy Design
Design a chart of accounts with natural segments, qualifiers, and value hierarchies that supports management and statutory reporting
Create value sets with correct validation types, security, and dependencies
Build a segment hierarchy and assign parent values to roll up balances
Configure cross-validation rules and explain the error a user sees when a combination is blocked
Test dynamic insertion versus disabled combinations and record the behavior you observed
Your checkpoint
A chart of accounts design document with segment list, value set definitions, one hierarchy, and two cross-validation rules, validated by creating sample account combinations
Chart of Accounts, Values, and Account Hierarchy Design & Ledger, Subledger Accounting, and Accounting Configuration
Define ledger options including retained earnings, cumulative translation adjustment, and journal processing settings
Explain the role of subledger accounting method, journal line types, and account derivation rules in generating accounting
Trace one transaction from subledger entry through create accounting to general ledger posting
Configure a subledger accounting method with at least one custom account derivation rule and verify the resulting journal
Your checkpoint
A written transaction walkthrough of a single invoice from subledger to GL posting, with screenshots or notes proving your custom derivation rule produced the expected account
Ledger, Subledger Accounting, and Accounting Configuration & Journals, Allocations, and Recurring Transactions
Create and post manual journals, including reversing and recurring entries with correct reversal criteria
Configure a recurring journal template and generate one period of entries from it
Set up an allocation with a basis, target, offset, and rule, then run and verify the generated journal
Identify which journal entry controls prevent posting, such as suspense and unbalanced journal handling
Practice entering journals with both debits and credits plus a statistical line
Your checkpoint
A journal workbook containing one manual, one recurring, and one allocation-generated journal, each posted in the practice instance with the resulting balances reconciled
Journals, Allocations, and Recurring Transactions & Period Close, Consolidation, and Revaluation
Execute a period close sequence from subledger close through GL close, listing each prerequisite
Perform revaluation of a foreign currency balance and explain unrealized gain or loss posting
Run translation for a subsidiary ledger and trace the cumulative translation adjustment
Explain suspense account clearing and period status controls during close
Document which close tasks can be scheduled and which require manual review
Your checkpoint
A close checklist with at least twelve sequenced tasks, plus proof that you completed revaluation and translation in the practice instance and cleared suspense to zero
Period Close, Consolidation, and Revaluation & Financial Reporting, Budgetary Control, and Analytics
Build a financial report using the report components: row set, column set, and content set
Configure a budgetary control budget, control budget, and checking level, then test a funds check failure
Create a Smart View or account inquiry analysis that compares budget to actual by cost center
Explain the difference between a financial statement report and an ad hoc analysis and when each is appropriate
Your checkpoint
A published financial report showing balance sheet and income statement output, plus one budget-versus-actual analysis with a documented funds check exception
Financial Reporting, Budgetary Control, and Analytics & Intercompany Accounting and Multi-Ledger Processing
Configure intercompany balancing rules and generate intercompany journals for a cross-entity transaction
Explain how intercompany receivables and payables are created and settled
Describe multi-ledger processing when a secondary ledger uses a different chart of accounts or calendar
Run a consolidation or ledger set aggregation and reconcile the eliminating entries
Identify the setup that causes an intercompany out-of-balance error and how to correct it
Your checkpoint
An intercompany scenario write-up showing the source transaction, balancing rule applied, generated intercompany journal, and a reconciliation proving the entity pair nets to zero
Data Access, Security, and Approval Workflows & General Ledger Configuration and Enterprise Structures & Journals, Allocations, and Recurring Transactions
Configure data access sets and explain how ledger and segment value security restrict visibility
Set up an approval workflow for journals and test a rejection and resubmission path
Complete a timed mixed-domain practice set and log every missed question by domain
Review your weakest three domains using your own notes and re-test those objectives
Finalize a one-page formula and configuration cheat sheet for exam day
Your checkpoint
A timed practice exam score report with a per-domain error log and a final one-page cheat sheet covering the three domains you scored lowest on
Milestones
Week 2: You can design a chart of accounts from a business scenario and justify each segment qualifier and hierarchy without notes
Week 4: You have posted a manual, recurring, and allocation journal in a practice instance and reconciled the resulting balances
Week 6: You have produced a financial report and a budget-versus-actual analysis from your own configured data
Week 8: You score at least 75 percent on a timed mixed-domain practice set with no domain below 60 percent