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There is no waiting around at FreeCram. Once your payment clears, the 1Z1-1004 practice questions for Oracle Financials Cloud: General Ledger 2018 Implementation Essentials land in your mailbox within a minute, ready to open on your laptop, tablet, or phone.
Oracle 1Z1-1004 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2018 Implementation Essentials |
| Exam Number: | 1Z0-1004 |
| Certificate Validity Period: | Typically does not expire or follows Oracle certification policy (subject to Oracle program updates) |
| Passing Score: | Approximately 65% (Oracle exam passing scores are not always publicly fixed) |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud: Payables Implementation Essentials Oracle ERP Cloud Financials Implementation Oracle Financials Cloud: Receivables Implementation Essentials |
| Exam Price: | USD 245 |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Real Exam Qty: | 60-80 |
| 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 |
|---|---|
| General Ledger Setup and Configuration | - Ledger Definition and Setup
|
| Period Close and Reporting | - Period Close Process
|
| Currency and Accounting Controls | - Security and Controls
|
| Journal Processing | - Approval and Validation
|
| Accounting and Subledger Integration | - Integration with Oracle Financials Cloud Modules
|
Oracle 1Z1-1004 Exam: Frequently Asked Questions
The 1Z1-1004 exam is the official exam behind the Oracle Financials Cloud Implementation Specialist credential from Oracle. It sits at the Professional level of the Oracle certification track. It is also associated with Oracle Financials Cloud: Payables Implementation Essentials, Oracle Financials Cloud: Receivables Implementation Essentials, Oracle ERP Cloud Financials Implementation. The FreeCram practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.
The 1Z1-1004 exam contains 60-80 questions and gives you 120 minutes to complete them. That pace leaves little room for getting stuck, so train yourself to flag a hard question, move on, and circle back later. Run at least one full timed session in the FreeCram test engine a week before your exam date to check whether your pacing holds under pressure.
You need Approximately 65% (Oracle exam passing scores are not always publicly fixed) to pass the 1Z1-1004 exam, and the official registration fee is USD 245. A retake means paying that fee again in full, which makes thorough preparation the cheaper option by far. Before scheduling, take a timed FreeCram practice test; if you are not scoring comfortably above the passing line, give yourself more study time instead of booking on hope.
No strict prerequisites required, but knowledge of Oracle Financials Cloud ERP fundamentals is recommended.
Requirements can change, so confirm the latest details on the official Oracle exam page before you register.
You can book the 1Z1-1004 exam through the following official channels:
The exam is delivered Online proctored exam or onsite testing center via Pearson VUE, so pick the option that suits you when booking.
Oracle points candidates to these official courses:
- Oracle University Financials Cloud: General Ledger Training
- Oracle ERP Cloud Financials Learning Path
Once you have worked through the official material, wrap up your preparation with the 80 practice questions from FreeCram to lock in what you have learned.
Yes. A free 1Z1-1004 PDF demo is available, so you can check the question style and answer quality before you commit. Every purchase also includes 365 days of free updates, and if your product expires after that, you can extend 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 1Z1-1004 exam within 60 days of purchase and do not pass, send us a scanned enrollment slip and your official Score Report PDF within two days of the exam; approved refunds are processed within seven days. The candidate name must match the payer name, and the guarantee does not apply to exams taken within three days of purchase, to products that were downloaded but never used in an exam sitting, or to free materials and expired orders. If you would rather keep studying, we can instead exchange your order for two free exam products of equal value while your original product keeps its update service. Delivery itself is instant: your download is emailed within one minute of payment and stays available in your member zone, with no limit on how many computers you can install it on. If nothing arrives within two hours, contact our customer service team.
The 1Z1-1004 syllabus is divided into 5 domains, including Currency and Accounting Controls, General Ledger Setup and Configuration, and Journal Processing. The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Sample Questions:
Question 1
Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?
A. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading
B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define
C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment
D. There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner
Question 2
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)
A. Define Journal Conversion Rules that exclude subledgers
B. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
C. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
D. Define Supporting References with balances
E. Assign a Subledger Accounting Method to the secondary ledger
Question 3
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?
A. General Ledger - Journals Real Time
B. General Ledger - Journal Transaction Balances Real Time
C. General Ledger - Journal Balances Real Time
D. General Ledger - Summary Journals Real Time
Question 4
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?
A. Allow Expansion
B. Report Functions
C. Drill Through in Grid Properties
D. Nothing. All report balances are drillable in all FR Studio reports
Question 5
Which feature outside of reporting and analysis leverages the Essbase cube?
A. revaluations and translation to revalue and translate currencies stored in the Essbase cube
B. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
C. calculation manager to perform allocations based on multidimensional balances and budgets
D. journal entries and journal approval to create journals that update balances to the cube directly
Solutions:
| Question 1 Answer: A | Question 2 Answer: B,E | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: A |
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