From a free demo to 2026 updates and a 60-day money back guarantee, Actual4Exams covers the full 1z1-960 preparation journey. Get the 140 Oracle Financials Cloud: General Ledger 2017 Implementation Essentials practice questions in PDF, desktop, or online format and study on your own terms.
Oracle 1z1-960 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2017 Implementation Essentials |
| Exam Number: | 1Z0-960 |
| Available Languages: | English |
| Exam Duration: | 120-150 |
| Related Certifications: | Oracle Financials Cloud Implementation Specialist Oracle ERP Cloud Certification |
| Exam Price: | USD 245 (may vary by region) |
| Exam Format: | Multiple Response, Multiple Choice |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or testing center (Pearson VUE) |
| Pre Condition: | Basic knowledge of accounting principles and Oracle Financials Cloud recommended |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1z1-960 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Chart of Accounts (COA) | - COA structure and segments - Value sets and segment hierarchy |
| Topic 2: Journals and Transactions | - Manual and automatic journal entries - Journal approval and posting process |
| Topic 3: Ledger Setup and Configuration | - Ledger definition and configuration - Calendar, currency, and accounting setup |
| Topic 4: Period Close Process | - Financial reporting and adjustments - Period close activities and reconciliation |
| Topic 5: Financial Reporting | - Standard and custom reports - Financial reporting studio basics |
| Topic 6: Oracle Financials Cloud Overview | - Financials Cloud architecture and components - General Ledger positioning within Oracle ERP Cloud |
Common Questions About the Oracle 1z1-960 Exam
The 1z1-960 exam, officially known as Oracle Financials Cloud: General Ledger 2017 Implementation Essentials, is the Oracle test that leads to the Oracle Financials Cloud: General Ledger Implementation Specialist certification at the Professional level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as Oracle Financials Cloud Implementation Specialist, Oracle ERP Cloud Certification.
Basic knowledge of accounting principles and Oracle Financials Cloud recommended
Entry requirements can change, so confirm the latest conditions on the official exam page: https://education.oracle.com/.
You can book the 1z1-960 exam through the official registration channels below:
Exam delivery: Online proctored or testing center (Pearson VUE). Seats at popular test centers fill quickly, so schedule early once your preparation is on track.
Oracle recommends the following training options for Oracle Financials Cloud: General Ledger 2017 Implementation Essentials candidates:
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The official Oracle Financials Cloud: General Ledger 2017 Implementation Essentials outline is organized into 6 domains. The first three are:
- Financial Reporting
- Journals and Transactions
- Oracle Financials Cloud Overview
See the complete exam topics section above for the full outline and the weighting of every domain.
Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Sample Questions:
Question 1
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 two statements are true regarding the creation of a control budget? (Choose two.)
A. A control budget can allow override rules only if the control level is absolute.
B. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore.
C. The control budget structure has all the chart of account segments as budget segments.
D. Control budgets are always absolute to generate encumbrance accounting.
E. A control budget can be associated with a different calendar than accounting calendar.
Question 2
Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use.
What setup is required to achieve this requirement?
A. Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
B. Create an annual budget with absolute control and so encumbrance accounting will work.
C. Create two detail control budgets: annually with advisory/track control and monthly with absolute control.
D. Create a summary budget annually with advisory control and control budget monthly with absolute control.
E. Create two detail control budgets: annually with absolute control and monthly with advisory or track control.
Question 3
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What is Oracle's recommended practice when this occurs?
A. Enter another adjusting journal entry in the target currency to true up the balances.
B. Rerun Revaluation and then rerun Translation
C. Translate only the adjusting journal entry.
D. Rerun Translation and then reconsolidate your results
Question 4
Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?
A. Job level
B. Position
C. Approval Group
D. Supervisory level based on HR Supervisors
Question 5
Which two statements are true regarding how Intercompany Balancing Rule are defined? (Choose two.)
A. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
B. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values.
C. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
D. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
Solutions:
| Question 1 Answer: A,E | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: B,C |
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