When you open the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials material on Prep4SureReview, you are not just getting 80 questions. Each set is shaped into a study strategy by trainers who know how candidates learn, which is what makes 1Z1-1004 preparation at Prep4SureReview feel guided rather than random.
Oracle 1Z1-1004 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2018 Implementation Essentials |
| Exam Number: | 1Z0-1004 |
| Real Exam Qty: | 76 |
| Certificate Validity Period: | 18 months from issue |
| Related Certifications: | Oracle Financials Cloud 2018 Implementation Professional |
| Passing Score: | 60% |
| Exam Format: | Multiple Choice, Multiple Response |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Recommended Training: | Oracle Financials Cloud: General Ledger 2018 Implementation Training |
| Exam Registration: | Oracle Education Pearson VUE Registration |
| Sample Questions: |  |
| 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 - Define chart of accounts - Configure legal entity structure |
| Reporting and Analytics | 15% | - Use General Accounting dashboard - Use OTBI and GL subject areas - Perform Smart View analysis - Configure Financial Reporting Studio |
| Intercompany Processing | 10% | - Process intercompany transactions and balancing - Set up intercompany system options - Design intercompany chart of accounts - Perform intercompany reconciliation |
| Budgetary Control and Encumbrance | 15% | - Analyze budget consumption - Set up encumbrance accounting - Configure budgetary control - Process budget and encumbrance journals |
| Period Close | 10% | - Process revaluation and translation - Execute period close process - Perform consolidation activities |
| Journal Processing | 20% | - Define secondary ledgers and reporting currencies - Set up allocations and periodic entries - Configure automated journals and approval rules - Process manual journal entries |
| Subledger Accounting | 15% | - Process subledger accounting entries - Define journal line and description rules - Create and manage accounting rules |
What Candidates Usually Ask Before Buying Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
Oracle Financials Cloud: General Ledger 2018 Implementation Training: Visit official page
No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud General Ledger
The 1Z1-1004 exam contains 76 questions and lasts 120 minutes minutes, so pacing matters as much as knowledge. Practicing under a real timer on Prep4SureReview helps you learn how long to spend on each item.
The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials material is written by a group of IT experts and certified trainers. Beyond assembling verified questions, they organize the bank into a study strategy for candidates, so you always know which section to tackle next instead of paging through questions at random.
The online engine recreates the atmosphere of the formal test, so the real 1Z1-1004 exam feels familiar rather than intimidating. It runs on Windows, Mac, Android, and iOS, places no limit on the number of installations, and lets you review at any time and from any location, which fits naturally around an IT worker's schedule.
The passing score of 1Z1-1004 is 60%, and the official exam fee is $245 USD. Knowing both numbers early helps you set a concrete target before you book the test.
This package includes 80 practice questions for the 1Z1-1004 exam. Every answer has been verified by our IT experts and certified trainers before release.
- Journal Processing (20%)
- Intercompany Processing (10%)
- Subledger Accounting (15%)
Study the sections in the order that matches your weakest areas first.
Oracle Education: register for 1Z1-1004
Pearson VUE Registration: register for 1Z1-1004
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Sample Questions:
Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)
- A. You only need to assign the Legal Entity and Organization Contact
- B. You must have implemented Payables Cloud and Receivables Cloud
- C. You must assign the corresponding Receivables and Payables Business Units
- D. You can only associate one Intercompany Organization per Legal Entity
Correct Answer: B,C 🗳️
You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?
- A. Create an Account Group using Account Monitor
- B. Use Account Inspector
- C. Perform an account analysis online
- D. Open a Smart View file saved on your desktop
Correct Answer: A 🗳️
How can your Accounting Manager expedite journal processing during the time-critical month-end close?
- A. by using the Close Status monitor to drill down on the close status across ledgers
- B. by running the Journals report using Business Intelligence Publisher
- C. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
- D. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other
Correct Answer: D 🗳️
You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)
- A. Accounting Calendar
- B. Legal Entities, Business Units, and Chart of Accounts
- C. Chart of Accounts and Business Units
- D. Chart of Accounts
- E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
Correct Answer: A,D 🗳️
You have enabled budgetary control and have a control budget set to Advisory control level. For September
2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)
- A. Purchase order encumbrance will be released for $2,100 USD
- B. The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation
- C. No change
- D. Funds reservation only happens for non-matched invoices, so the system will not reserve funds
- E. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016
Correct Answer: A,E 🗳️
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