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
Recommended Training
Take Recommended Training Courses
Complete one of the courses below to prepare for your exam (optional):
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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