To prepare for the Oracle 1Z1-1004 exam, candidates should have a solid understanding of accounting principles and practices, as well as experience with Oracle Financials Cloud applications. Oracle recommends that candidates complete the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials training course before taking the exam. This course covers the key concepts and skills needed to implement and manage General Ledger, including creating and managing journals, setting up and maintaining accounting structures, and performing period-end close processes.
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Oracle 1Z1-1004 exam is part of the Oracle Financials Cloud certification program, specifically for General Ledger implementation essentials. Oracle Financials Cloud: General Ledger 2018 Implementation Essentials certification is intended for professionals who want to validate their skills in implementing and managing Oracle Financials Cloud General Ledger. 1Z1-1004 exam covers a wide range of topics, including financial reporting, accounting, and journal entries.
Reference: https://education.oracle.com/oracle-financials-cloud-general-ledger-2018-implementation-essentials/pexam_1Z0-1004
Oracle 1Z1-1004 Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Journal Processing | - Approval and Validation
- 1. Journal approval workflows
- 2. Error handling and correction
- Journal Entries
- 1. Manual journal creation and posting
- 2. Recurring and reversing journals
|
| Topic 2: Period Close and Reporting | - Financial Reporting
- 1. Financial reporting studio basics
- 2. Standard GL reports
- Period Close Process
- 1. Period opening and closing activities
- 2. Reconciliation procedures
|
| Topic 3: 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
|
| Topic 4: General Ledger Setup and Configuration | - Chart of Accounts
- 1. Structure and segment setup
- 2. Value sets and validation rules
- Ledger Definition and Setup
- 1. Secondary ledgers and ledger sets
- 2. Primary ledger configuration
|
| Topic 5: Currency and Accounting Controls | - Security and Controls
- 1. Audit and compliance controls
- 2. Roles and responsibilities
- Multi-currency Accounting
- 1. Currency setup and conversion rates
- 2. Revaluation and translation
|