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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 |
| Real Exam Qty: | 80 |
| Exam Format: | Scenario-based Questions, Multiple Choice |
| Exam Duration: | 120 minutes |
| Exam Price: | USD $245 |
| Passing Score: | 65% |
| Certificate Validity Period: | Oracle certification does not expire; credential version is tied to the product release year |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud Certified Implementation Specialist |
| Sample Questions: |  |
| Exam Way: | Delivered through Pearson VUE testing centers and Oracle online-proctored exam delivery where available. |
| Pre Condition: | Oracle recommends hands-on experience implementing Oracle Financials Cloud General Ledger solutions and completion of relevant Oracle University training courses. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z1-1004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Dashboards | - Financial Reporting Center - Oracle Transactional Business Intelligence - BI Publisher Reporting - Smart View Integration |
| Topic 2: General Setup | - Configure Ledgers - Configure Currencies - Manage Legal Entities and Business Units - Manage Accounting Calendars |
| Topic 3: Journal Processing | - Manage Journal Approval - Create and Post Journals - Use Spreadsheet Integration - Configure Recurring Journals |
| Topic 4: Intercompany Processing | - Manage Intercompany Transactions - Perform Intercompany Reconciliation - Configure Intercompany Organizations |
| Topic 5: Period Close | - Monitor Close Status - Manage Accounting Periods - Perform Close Processes |
| Topic 6: Enterprise Structures | - Manage Cross-Validation Rules - Configure Chart of Accounts - Manage Value Sets - Configure Trees and Hierarchies |
| Topic 7: Budgetary Control and Encumbrance Accounting | - Manage Funds Checking - Configure Encumbrance Accounting - Configure Budgetary Control |
| Topic 8: Subledger Accounting | - Transfer and Post Subledger Entries - Configure Accounting Methods - Manage Accounting Rules |
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials (1Z1-1004) — Questions Candidates Actually Ask
The 1Z1-1004 exam, officially known as Oracle Financials Cloud: General Ledger 2018 Implementation Essentials, is the Oracle test that leads to the Oracle Financials Cloud certification at the Implementation Specialist level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as Oracle Financials Cloud Certified Implementation Specialist.
The 1Z1-1004 exam contains 80 questions, and you have 120 minutes to complete them. Work out your per-question pace before test day, and flag slow items instead of stalling on them — time pressure, not knowledge, sinks many first attempts. Timed mock exams in the Actual4Exams test engines are the most reliable way to build that rhythm.
The passing score for the 1Z1-1004 exam is 65%, and the official registration fee is USD $245. If you miss the mark, a retake means paying the full fee again, so book your seat only when you are ready. A practical benchmark: score consistently above the passing line on timed practice tests before scheduling the real exam.
Oracle recommends hands-on experience implementing Oracle Financials Cloud General Ledger solutions and completion of relevant Oracle University training courses.
Entry requirements can change, so confirm the latest conditions on the official exam page: https://education.oracle.com.
Yes. A free PDF demo of the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials questions is available, so you can check the question style and answer quality before you pay. Every purchase also includes 365 days of free updates, and if the product expires you can renew the update service at a 50% discount from your member zone.
If you take the corresponding 1Z1-1004 exam within 60 days of purchase and do not pass, you can apply for a full refund under the 100% Money Back Guarantee: submit a scan of your enrollment slip and your official Score Report (PDF) within 2 days of the exam date, and the claim is processed within 7 days. Attempts made within 3 days of purchase, downloads without an actual exam attempt, free materials, and expired orders are not eligible, and the candidate name must match the payer name. Prefer new material instead of a refund? You can exchange your purchase for two free products of equal value and keep the update service on your original product. As for delivery, the files are available for instant download and are also emailed to you within one minute of payment — if nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you can install the product on.
The official Oracle Financials Cloud: General Ledger 2018 Implementation Essentials outline is organized into 8 domains. The first three are:
- Enterprise Structures
- Reporting and Dashboards
- General Setup
See the complete exam topics section above for the full outline and the weighting of every domain.
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Sample Questions:
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)
- A. The Account Rule's conditions are not defined
- B. The Account Rule's chart of accounts has no account values assigned
- C. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
- D. The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
- B. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
- C. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
- D. Each product has its own Intercompany Accounting feature that needs to be set up separately
You want to enter budget data in General Ledger Cloud. Which method is not supported?
- A. Direct budget balance updates from a Financial Statement in Smart View
- B. File-based Data Import
- C. Application Development Framework Desktop Integration (ADFdi)
- D. Entering budget journals
Which feature outside of reporting and analysis leverages the Essbase cube?
- A. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- B. calculation manager to perform allocations based on multidimensional balances and budgets
- C. journal entries and journal approval to create journals that update balances to the cube directly
- D. revaluations and translation to revalue and translate currencies stored in the Essbase cube
What are the two purposes of a secondary ledger? (Choose two.)
- A. It is used to main balances in a different currency only
- B. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
- C. It should only be used to main balances for processing performance
- D. It should not be used when trying to meet local accounting requirements
- E. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
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