Exam Name: Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1Z1-1004 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2018 Implementation Essentials |
| Exam Number: | 1Z0-1004 |
| Exam Format: | Multiple Choice, Multiple Response |
| Exam Price: | $245 USD |
| Certificate Validity Period: | 18 months from issue |
| Real Exam Qty: | 76 |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Financials Cloud 2018 Implementation Professional |
| Available Languages: | English |
| Passing Score: | 60% |
| Recommended Training: | Oracle Financials Cloud: General Ledger 2018 Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle Education |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or Onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud General Ledger |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2018-implementation-essentials/pexam_1Z0-1004 |
Oracle 1Z1-1004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Enterprise Structures | 15% | - Set up accounting calendar and periods - Define ledgers and ledger sets - Configure legal entity structure - Define chart of accounts |
| Period Close | 10% | - Process revaluation and translation - Perform consolidation activities - Execute period close process |
| Reporting and Analytics | 15% | - Configure Financial Reporting Studio - Use General Accounting dashboard - Perform Smart View analysis - Use OTBI and GL subject areas |
| Intercompany Processing | 10% | - Process intercompany transactions and balancing - Perform intercompany reconciliation - Design intercompany chart of accounts - Set up intercompany system options |
| Budgetary Control and Encumbrance | 15% | - Analyze budget consumption - Process budget and encumbrance journals - Set up encumbrance accounting - Configure budgetary control |
| Subledger Accounting | 15% | - Define journal line and description rules - Create and manage accounting rules - Process subledger accounting entries |
| Journal Processing | 20% | - Define secondary ledgers and reporting currencies - Process manual journal entries - Set up allocations and periodic entries - Configure automated journals and approval rules |
The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Exam: Clear Answers
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The 1Z1-1004 exam is the official assessment for the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials certification from Oracle. Across the wide landscape of IT certifications, this credential verifies that you can apply its published objectives in realistic scenarios — and since most candidates aim to succeed in one focused attempt, the quality of your practice material is the variable that matters most.
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No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud General Ledger
Oracle offers these training resources for candidates:
Pair official training with a practice bank compiled by an expert team, and your preparation covers both understanding and application.
The official outline organizes the 1Z1-1004 exam into weighted domains, including:
- Budgetary Control and Encumbrance (15%)
- Period Close (10%)
- Intercompany Processing (10%)
The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials practice questions at TestKingIT are built around these same objectives — request the free demo by email to see how the content maps onto them.
The 1Z1-1004 exam contains 76 questions with 120 minutes minutes to complete them. Timed practice under the same limits is the reliable way to make that constraint feel routine.
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Sample Questions:
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)
- A. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
- B. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications
- C. OTBI allows you to create custom reports from real-time transactional data against the database directly
- D. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
- E. Cloud customers can use both OTBI and OBIA
Correct Answer: A,B,C 🗳️
Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI).
Which represents the appropriate upload steps?
- A. Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
- B. Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.
- C. Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
- D. Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
Correct Answer: D 🗳️
Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?
- A. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
- B. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
- C. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
- D. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
Correct Answer: C 🗳️
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)
- A. Posting performance is much faster
- B. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
- C. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
- D. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
- E. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously
Correct Answer: C,E 🗳️
After loading your budget data into General Ledger Cloud, you can view budget balances using these features.
Which feature does not belong on the list?
- A. Account Inspector
- B. Account Monitor
- C. Application Development Framework Desktop Integration Budget Balances Report
- D. Smart View
Correct Answer: C 🗳️
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