Oracle 1Z1-1004 Exam : Oracle Financials Cloud: General Ledger 2018 Implementation Essentials

  • Exam Code: 1Z1-1004
  • Exam Name: Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
  • Updated: Oct 21, 2026
  • Q & A: 80 Questions and Answers

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About Oracle 1Z1-1004 Exam Questions

A Oracle credential tells employers that your skills meet the vendor's own standard. Prepare for the 1Z1-1004 exam with 80 expert-verified practice questions from DumpsActual, and walk into the test center knowing exactly what to expect.

Oracle 1Z1-1004 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Setup and Configuration- Ledger Definition and Setup
  • 1. Primary ledger configuration
    • 2. Secondary ledgers and ledger sets
      - Chart of Accounts
      • 1. Structure and segment setup
        • 2. Value sets and validation rules
          Topic 2: Journal Processing- Journal Entries
          • 1. Recurring and reversing journals
            • 2. Manual journal creation and posting
              - Approval and Validation
              • 1. Error handling and correction
                • 2. Journal approval workflows
                  Topic 3: Period Close and Reporting- Period Close Process
                  • 1. Reconciliation procedures
                    • 2. Period opening and closing activities
                      - Financial Reporting
                      • 1. Financial reporting studio basics
                        • 2. Standard GL reports
                          Topic 4: Currency and Accounting Controls- Multi-currency Accounting
                          • 1. Revaluation and translation
                            • 2. Currency setup and conversion rates
                              - Security and Controls
                              • 1. Roles and responsibilities
                                • 2. Audit and compliance controls
                                  Topic 5: Accounting and Subledger Integration- Subledger Accounting (SLA)
                                  • 1. Accounting rules and methods
                                    • 2. Journal import from subledgers
                                      - Integration with Oracle Financials Cloud Modules
                                      • 1. Intercompany accounting
                                        • 2. Payables and Receivables integration

                                          Common Questions About the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Exam

                                          The Oracle 1Z1-1004 exam, officially titled Oracle Financials Cloud: General Ledger 2018 Implementation Essentials, is the required test for earning the Oracle Financials Cloud Implementation Specialist certification, a credential at the Professional level. Passing it validates the skills Oracle expects from certified professionals, and it can also support progress toward related credentials such as Oracle Financials Cloud: Payables Implementation Essentials, Oracle Financials Cloud: Receivables Implementation Essentials, Oracle ERP Cloud Financials Implementation.

                                          The 1Z1-1004 exam includes 60-80 questions, and you have 120 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the DumpsActual test engine are the easiest way to build that rhythm before it counts.

                                          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. Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the DumpsActual practice test until your scores sit comfortably above the passing requirement before you schedule the exam.

                                          Oracle asks candidates to meet the following requirement before registering: No strict prerequisites required, but knowledge of Oracle Financials Cloud ERP fundamentals is recommended.. Exam policies do change, so confirm the latest details on the official exam page at https://education.oracle.com before you book.

                                          You can book your seat through the official registration channels below:

                                          The 1Z1-1004 exam is delivered in the following format: Online proctored exam or onsite testing center via Pearson VUE.

                                          Oracle recommends the following official training for this exam:

                                          A course builds the theory; practice turns it into exam-day performance. Once you finish a class, the 80 practice questions from DumpsActual show you how the same knowledge appears in exam-style items.

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                                          The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam is organized into 5 major domains. Some of the key domains include:

                                          • Accounting and Subledger Integration
                                          • General Ledger Setup and Configuration
                                          • Currency and Accounting Controls

                                          Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.

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

                                          Question #1

                                          All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle's recommended approach to performing consolidations?

                                          • A. Use Oracle Hyperion Financial Management for this type of complex consolidation.
                                          • B. Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
                                          • C. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program
                                          • D. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          Question #2

                                          In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

                                          • A. They can use Personalization to move and remove regions from those pages
                                          • B. They can have the System Administration customize pages for them using Page Composer
                                          • C. They can format each table by hiding and showing columns, moving columns, and resizing columns
                                          • D. Users have very little control their Springboards and Work Areas; they can only resize columns
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A,C  🗳️

                                          Question #3

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

                                          Correct Answer: C,E  🗳️

                                          Question #4

                                          What is the most efficient way to add a new year to the accounting calendar?

                                          • A. Import the periods from a spreadsheet
                                          • B. The application automatically populates the next year when you open the first period of a new fiscal year
                                          • C. Add the periods manually
                                          • D. Use the Add Year button
                                          Reveal Solution  Discussion  0

                                          Correct Answer: D  🗳️

                                          Question #5

                                          Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

                                          • A. No data is transferred
                                          • B. The unmapped segments default to future use segments in Hyperion Financial Management
                                          • C. Data is summarized across segments that are not mapped to Hyperion Financial Management
                                          • D. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management
                                          Reveal Solution  Discussion  0

                                          Correct Answer: D  🗳️

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