• Exam Code: 1Z1-1004
  • Exam Name: Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Financials Cloud
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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
Exam Price:USD 245
Exam Format:Multiple Choice, Scenario-based Questions
Available Languages:English
Real Exam Qty:60-80
Passing Score:Approximately 65% (Oracle exam passing scores are not always publicly fixed)
Certificate Validity Period:Typically does not expire or follows Oracle certification policy (subject to Oracle program updates)
Exam Duration:120 minutes
Related Certifications:Oracle Financials Cloud: Receivables Implementation Essentials
Oracle Financials Cloud: Payables Implementation Essentials
Oracle ERP Cloud Financials Implementation
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: DOWNLOAD DEMO
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:

SectionObjectives
Currency and Accounting Controls- Multi-currency Accounting
  • 1. Currency setup and conversion rates
    • 2. Revaluation and translation
      - Security and Controls
      • 1. Roles and responsibilities
        • 2. Audit and compliance controls
          Accounting and Subledger Integration- Subledger Accounting (SLA)
          • 1. Journal import from subledgers
            • 2. Accounting rules and methods
              - Integration with Oracle Financials Cloud Modules
              • 1. Payables and Receivables integration
                • 2. Intercompany accounting
                  General Ledger Setup and Configuration- Ledger Definition and Setup
                  • 1. Secondary ledgers and ledger sets
                    • 2. Primary ledger configuration
                      - Chart of Accounts
                      • 1. Structure and segment setup
                        • 2. Value sets and validation rules
                          Journal Processing- Journal Entries
                          • 1. Recurring and reversing journals
                            • 2. Manual journal creation and posting
                              - Approval and Validation
                              • 1. Journal approval workflows
                                • 2. Error handling and correction
                                  Period Close and Reporting- Financial Reporting
                                  • 1. Financial reporting studio basics
                                    • 2. Standard GL reports
                                      - Period Close Process
                                      • 1. Reconciliation procedures
                                        • 2. Period opening and closing activities

                                          Ask Us Anything About 1Z1-1004

                                          The 1Z1-1004 exam is Oracle's path to the Oracle Financials Cloud Implementation Specialist certification, a credential at the Professional level. It confirms you can apply the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials objectives in realistic scenarios — the kind of proof that changes job conversations. It also connects to a wider certification family covering Oracle Financials Cloud: Payables Implementation Essentials, Oracle Financials Cloud: Receivables Implementation Essentials, Oracle ERP Cloud Financials Implementation, so the effort keeps compounding. It's easier to want than to earn, which is exactly why structured practice beats good intentions.

                                          The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials blueprint spans 5 domains, led by Journal Processing, General Ledger Setup and Configuration, and Accounting and Subledger Integration. Treat the weightings as your study budget — heavier domains earn heavier hours. The full topic list is in the exam topics section above; plan against it, not against guesswork.

                                          The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam packs 60-80 questions into 120 minutes. Convert that into a tempo before test day: minutes divided by questions is your per-item budget, and anything burning double its budget gets flagged and revisited at the end. Rehearse the tempo against a real timer — every ITPassLeader engine session enforces one — until finishing with review time to spare feels routine.

                                          Passing Oracle Financials Cloud: General Ledger 2018 Implementation Essentials requires Approximately 65% (Oracle exam passing scores are not always publicly fixed), and each attempt costs USD 245 — retakes included, at full price. The sound strategy is arriving over-prepared: drill with ITPassLeader practice questions until your timed scores clear the mark across several consecutive sessions, then register. Over-preparation is cheaper than re-registration.

                                          Oracle lists the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials question formats as: Multiple Choice, Scenario-based Questions. Formats shape tactics — find the actual question sentence inside long scenario stems before reading the rest, and re-verify every selection on multi-answer items. ITPassLeader's 80 practice questions drill these formats until only the content feels new on exam day.

                                          The 1Z1-1004 exam is offered in English. Choose the language where your reading stays fastest under pressure — slow comprehension taxes every question in a timed exam. Testing in English? Daily sessions with ITPassLeader's English 1Z1-1004 practice questions double as terminology training.

                                          The certification earned through the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam remains valid for Typically does not expire or follows Oracle certification policy (subject to Oracle program updates). Note the expiry date the day you pass and research the recertification path early — a planned renewal is an errand, an expired credential is a project. Oracle owns these rules, so verify the current ones on the official certification page as your window approaches.

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                                          Most candidates mix formats — PDF for reading, an engine for timed rehearsal.

                                          Yes. ITPassLeader's free Oracle Financials Cloud: General Ledger 2018 Implementation Essentials PDF demo contains genuine sample questions with complete verified answers, so you can judge the quality firsthand. Every purchase includes 365 days of free updates, and renewing after expiry costs 50% of the regular price from your member zone. Inspect first — confident material has nothing to hide.

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                                          Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Sample Questions:

                                          Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
                                          At what level can you override the default accounting attribute assignment?

                                          • A. Journal Entry Rule Set
                                          • B. Journal Entry
                                          • C. Journal Line Rule
                                          • D. Event Type
                                          • E. Event Class
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          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. 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
                                          • B. 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
                                          • 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, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define
                                          Reveal Solution  Discussion  0

                                          Correct Answer: B  🗳️

                                          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. Legal Entities, Business Units, and Chart of Accounts
                                          • B. Chart of Accounts
                                          • C. Accounting Calendar
                                          • D. Chart of Accounts and Business Units
                                          • E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
                                          Reveal Solution  Discussion  0

                                          Correct Answer: B,C  🗳️

                                          Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control budget? (Choose three.)

                                          • A. Control budgets are always absolute to generate encumbrance accounting
                                          • B. The control budget structure has all the chart of account segments as budget segments
                                          • C. A control budget can be associated with a different calendar than accounting calendar
                                          • D. A control budget can allow override rules only if the control level is absolute
                                          • E. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A,C,D  🗳️

                                          Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

                                          • A. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
                                          • B. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
                                          • C. Define budgetary control at ledger level and only encumbrance control at the business units
                                          • D. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
                                          • E. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
                                          • F. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
                                          Reveal Solution  Discussion  0

                                          Correct Answer: B,E  🗳️

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