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Oracle 1Z1-1004 Actual Tests : Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
About Best Oracle 1Z1-1004 Exam Practice Material
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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 |
| Passing Score: | Approximately 65% (Oracle exam passing scores are not always publicly fixed) |
| Exam Format: | Scenario-based Questions, Multiple Choice |
| Real Exam Qty: | 60-80 |
| Exam Price: | USD 245 |
| Related Certifications: | Oracle Financials Cloud: Receivables Implementation Essentials Oracle ERP Cloud Financials Implementation Oracle Financials Cloud: Payables Implementation Essentials |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | Typically does not expire or follows Oracle certification policy (subject to Oracle program updates) |
| Available Languages: | English |
| Recommended Training: | Oracle ERP Cloud Financials Learning Path Oracle University Financials Cloud: General Ledger Training |
| Exam Registration: | Oracle Exam Details Page Oracle Certification Exam Registration |
| Sample Questions: | Oracle 1Z1-1004 Sample Questions |
| Exam Way: | Online proctored exam or onsite testing center via Pearson VUE |
| Pre Condition: | No strict prerequisites required, but knowledge of Oracle Financials Cloud ERP fundamentals is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z1-1004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Journal Entries
|
| Topic 2: General Ledger Setup and Configuration | - Chart of Accounts
|
| Topic 3: Period Close and Reporting | - Financial Reporting
|
| Topic 4: Currency and Accounting Controls | - Security and Controls
|
| Topic 5: Accounting and Subledger Integration | - Subledger Accounting (SLA)
|
Common Questions Candidates Ask About 1Z1-1004
The 1Z1-1004 exam (Oracle Financials Cloud: General Ledger 2018 Implementation Essentials) is the official Oracle exam that leads to the Oracle Financials Cloud Implementation Specialist certification, a credential at the Professional level. Related certifications include Oracle Financials Cloud: Payables Implementation Essentials, Oracle Financials Cloud: Receivables Implementation Essentials, Oracle ERP Cloud Financials Implementation. Actual4test provides 80 practice questions to help you prepare for it with confidence.
The 1Z1-1004 exam contains 60-80 questions and gives you 120 minutes to finish them. Before exam day, divide the total time by the question count so you know the pace you need to keep, and flag difficult items instead of getting stuck on them. Running at least one full timed session in the Actual4test test engine is the best way to make that time pressure feel familiar.
You need Approximately 65% (Oracle exam passing scores are not always publicly fixed) to pass, and the official registration fee is USD 245. Keep in mind that a failed attempt means paying that fee in full again, so it pays to test yourself first. When your scores on the Actual4test timed practice tests stay consistently above the passing line, you are ready to book the exam.
No strict prerequisites required, but knowledge of Oracle Financials Cloud ERP fundamentals is recommended. Requirements can change over time, so always double-check the latest eligibility rules before you register on the official Oracle exam page.
You can book your exam through the official registration channels:
The exam is delivered in the following way: Online proctored exam or onsite testing center via Pearson VUE.
Oracle recommends the following training options for this exam:
- Oracle University Financials Cloud: General Ledger Training
- Oracle ERP Cloud Financials Learning Path
Official courses build the foundation, and the 80 1Z1-1004 practice questions from Actual4test help you turn that knowledge into exam-day performance.
Yes. Actual4test offers a free 1Z1-1004 PDF demo so you can check the quality of the practice questions before purchasing. After you buy, your product comes with 365 days of free updates, and if it expires you can renew the update service at a 50% discount from your member zone.
Your purchase is protected by our 100% Money Back Guarantee. If you take the corresponding 1Z1-1004 exam within 60 days of purchase and do not pass, send us a scan of your enrollment slip and the official Score Report PDF within two days of the exam, and the full refund will be processed within seven days. The candidate name must match the payer name; exams taken within three days of purchase, free materials, and expired orders are not eligible. If you would rather not refund, you can exchange your product for two free products of equal value and keep the update service on your original purchase. Delivery itself is instant: your material is available for download and is emailed to you within one minute of payment. If nothing arrives within two hours, contact our support team. There is no limit on how many computers you may install it on.
The 1Z1-1004 syllabus is organized into 5 exam domains. Among the first three are Currency and Accounting Controls, Journal Processing, General Ledger Setup and Configuration. For the complete breakdown of topics and subtopics, see the Exam Topics section above.
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Sample Questions:
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. Chart of Accounts
- B. Accounting Calendar
- C. Legal Entities, Business Units, and Chart of Accounts
- D. Chart of Accounts and Business Units
- E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
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 can only associate one Intercompany Organization per Legal Entity
- B. You only need to assign the Legal Entity and Organization Contact
- C. You must have implemented Payables Cloud and Receivables Cloud
- D. You must assign the corresponding Receivables and Payables Business Units
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. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
- B. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
- 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
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)
- A. OTBI allows you to create custom reports from real-time transactional data against the database directly
- B. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications
- C. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
- D. Cloud customers can use both OTBI and OBIA
- E. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
You want to process multiple allocations at the same time. What feature do you use?
- A. General Ledger journal entries
- B. RuleSets
- C. Formulas
- D. Point of View (POV)
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