Exam Title: Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
Exam Number: 1Z0-1004
Exam Price: $245.00 More on exam pricing
Format: Multiple Choice
Duration: 120 Minutes
Number of Questions: 76
Passing Score: 60%
Validated Against:

This exam has been validated against 18B. (Previous version of this exam was validated against R12 in 2017)

Associated Certification Paths

Passing this exam is required to earn these certifications. Select each certification title below to view full requirements.

Oracle Financials Cloud: General Ledger 2018 Certified Implementation Specialist

Exam Preparation
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Oracle Financials Cloud Learning Subscription (Individuals & Companies)
Oracle Financials Cloud Learning Subscription (Partners)

Additional Preparation and Information

A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.

Enterprise Structures
Configure the Chart of Accounts
Explain Essbase
Set up accounting hierarchies
Set up the accounting calendar
Configure Chart of Accounts Security
Configure the legal entity structure and define the relationship to the Chart of Account

Subledger Accounting
Create and manage Accounting Rules
Create and process subledger accounting entries
Explain the journal description rules
Identify supporting references

Reporting & Anaytics
Explain how to design and use various reporting tools
Set up the Financials Reporting Studio
Explain OTBI and GL Subject Areas
Describe Smart View accounting inquiry and analysis
Describe the General Accounting Dashboard and Work Areas
Analyze budgets versus actuals
Describe the Fusion Accounting Hub Reporting Service

Budgetary Control and Encumbrance
Configure and Process Budgets
Explain how to analyze and monitor Budget Consumption
Configure Encumbrance Accounting
Process Encumbrance Journals

Journal Processing
Process journal entries
Configure automated journal processing
Explain the journal approval set up
Configure allocations and periodic entries
Explain Average Daily Balance Processing
Explain the secondary ledger and reporting currencies

Intercompany Processing
Design the Chart of Accounts and segment level rules for intercompany
Set up Intercompany Accounting (system options, transaction types, organizations)
Describe intercompany balancing
Process intercompany transactions and periods
Process intercompany reconciliations

Period Close
Explain the Close Process
Configure and process revaluations
Configure and process translations
Configure and process consolidations
Analyze reconciliations
Close monitor

Question: 1
When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A. Make sure the tree version was published successfully.
B. Make sure to flatten the rows of the tree version.
C. Make sure the tree is active.
D. Redeploy the chart of accounts.

Answer: A

Question: 2
You ate setting up Close Monitor, which comprises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share?

A. Accounting Calendar
B. Legal Entities, Business Units, and Chart of Accounts D C) Chart of Accounts
C. Chart of Accounts and Business Units
D. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

Answer: A

Question: 3
You want to monitor the close process if all your financial subledgers and lodgers. How can you quickly obtain this Information?

A. Use the Manage Accounting Periods page to view the status el all subledgers and ledgers.
B. Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to view the status of each period.
C. Run Closing Status reports.
D. Use Close Monitor In General Accounting Dashboard.

Answer: C

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