Preparation should feel like progress. With Test4Cram's 1Z1-1004 materials, each practice test ends in a calculated score you can track — a data-driven way to watch your Oracle Financials Cloud: General Ledger 2018 Implementation Essentials readiness grow through 2026.
Oracle 1Z1-1004 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2018 Implementation Essentials |
| Exam Number: | 1Z0-1004 |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 76 |
| Exam Price: | $245 USD |
| Certificate Validity Period: | 18 months from issue |
| Exam Format: | Multiple Response, Multiple Choice |
| Passing Score: | 60% |
| Related Certifications: | Oracle Financials Cloud 2018 Implementation Professional |
| Available Languages: | English |
| 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 |
|---|---|---|
| Topic 1: Budgetary Control and Encumbrance | 15% | - Process budget and encumbrance journals - Configure budgetary control - Analyze budget consumption - Set up encumbrance accounting |
| Topic 2: Period Close | 10% | - Process revaluation and translation - Execute period close process - Perform consolidation activities |
| Topic 3: Subledger Accounting | 15% | - Process subledger accounting entries - Create and manage accounting rules - Define journal line and description rules |
| Topic 4: Journal Processing | 20% | - Set up allocations and periodic entries - Configure automated journals and approval rules - Process manual journal entries - Define secondary ledgers and reporting currencies |
| Topic 5: Intercompany Processing | 10% | - Process intercompany transactions and balancing - Perform intercompany reconciliation - Set up intercompany system options - Design intercompany chart of accounts |
| Topic 6: Reporting and Analytics | 15% | - Use General Accounting dashboard - Configure Financial Reporting Studio - Perform Smart View analysis - Use OTBI and GL subject areas |
| Topic 7: Enterprise Structures | 15% | - Configure legal entity structure - Set up accounting calendar and periods - Define chart of accounts - Define ledgers and ledger sets |
Measurable Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Prep: Questions Answered
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According to the latest exam information, the 1Z1-1004 exam contains 76 questions within 120 minutes minutes. The testing engine reproduces that scope and calculates your final practice score — a useful reference for judging real-exam readiness.
At present, the 1Z1-1004 exam requires a passing score of 60%, with a registration fee of $245 USD. Oracle sets both figures and may revise them, so confirm on the official site before you schedule.
The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials blueprint covers these core domains:
- Reporting and Analytics (15%)
- Journal Processing (20%)
- Budgetary Control and Encumbrance (15%)
Further domains complete the official outline; the question bank addresses all of them.
With data, not guesswork. The 1Z1-1004 testing engine is user-friendly and easy to install; upon completion of each practice test, it calculates your final score, giving you a concrete reference for the real exam. Behind the tools, professionals and IT specialists compose the materials, and every answer is expert-verified — aligned with the real exam's format across the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials objectives. Before buying, try the free demo questions to test your knowledge; after buying, 24/7 Customer Service and Live Support assist with any problem, and you can ask the team for a discount code. That is the remarkable experience we work to provide.
Oracle states the following prerequisites for the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials: No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud General Ledger.
Check the authoritative wording on the official certification page before booking.
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, Currency, Accounting Calendar, and Subledger Accounting Method
- B. Chart of Accounts
- C. Legal Entities, Business Units, and Chart of Accounts
- D. Accounting Calendar
- E. Chart of Accounts and Business Units
Correct Answer: B,D 🗳️
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 General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate 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 spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
- D. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
Correct Answer: A 🗳️
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)
- A. Journal entry spreadsheets are not impacted by this new function.
- B. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
- C. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.
- D. Must have separate user defined roles using the privilege
XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
Correct Answer: B,C 🗳️
You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?
- A. Close the General Ledger period in the Manager Accounting Periods page
- B. Close all subledger periods
- C. Freeze the Intercompany journal source in General Ledger
- D. Close Intercompany periods in Fusion Intercompany
Correct Answer: A 🗳️
You want to process multiple allocations at the same time. What feature do you use?
- A. Point of View (POV)
- B. General Ledger journal entries
- C. RuleSets
- D. Formulas
Correct Answer: C 🗳️
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