Exam Name: Oracle Financials Cloud: General Ledger 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1z1-960 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2017 Implementation Essentials |
| Exam Number: | 1Z0-960 |
| Related Certifications: | Oracle Financials Cloud Implementation Specialist Oracle ERP Cloud Certification |
| Exam Format: | Multiple Response, Multiple Choice |
| Available Languages: | English |
| Exam Price: | USD 245 (may vary by region) |
| Exam Duration: | 120-150 |
| Recommended Training: | Oracle Financials Cloud Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: | DOWNLOAD DEMO |
| 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 | - Journal approval and posting process - Manual and automatic journal entries |
| Topic 3: Financial Reporting | - Standard and custom reports - Financial reporting studio basics |
| Topic 4: Period Close Process | - Financial reporting and adjustments - Period close activities and reconciliation |
| Topic 5: Oracle Financials Cloud Overview | - General Ledger positioning within Oracle ERP Cloud - Financials Cloud architecture and components |
| Topic 6: Ledger Setup and Configuration | - Calendar, currency, and accounting setup - Ledger definition and configuration |
1z1-960 FAQ — Efficient Preparation Starts Here
Basic knowledge of accounting principles and Oracle Financials Cloud recommended Eligibility rules do change, so confirm the current requirements on the official page (official 1z1-960 exam page) before booking.
Yes:
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The Oracle Financials Cloud: General Ledger 2017 Implementation Essentials is Oracle's certification exam for Oracle Financials Cloud: General Ledger Implementation Specialist, at the Professional level. It validates applied skills employers hire for — a credential worth the effort. Related credentials include Oracle Financials Cloud Implementation Specialist, Oracle ERP Cloud Certification.
The Oracle Financials Cloud: General Ledger 2017 Implementation Essentials blueprint covers 6 domains — including Period Close Process, Ledger Setup and Configuration, Oracle Financials Cloud Overview. The weightings are your efficiency map: heavy domains first. Every subtopic appears in the outline above.
Through the vendor's official registration channels:
The Oracle Financials Cloud: General Ledger 2017 Implementation Essentials is delivered Online proctored or testing center (Pearson VUE), so pick the arrangement that suits you when booking.
Yes — download the free Oracle Financials Cloud: General Ledger 2017 Implementation Essentials demo and judge the question quality before paying. Every purchase stays valid for 365 days with free updates throughout, renewable afterward at 50% off.
Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Sample Questions:
What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?
- A. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
- B. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
- C. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
- D. Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
Correct Answer: C 🗳️
Which two General Ledger work would you assign to all your entry-level General Ledger accountants?
- A. Period Close Work Area
- B. Journals Work Area
- C. Financial Reporting Center
- D. General Accounting Dashboard
Correct Answer: B,D 🗳️
Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?
- A. Business Units functions
- B. Data Access Sets
- C. Reference Data Sets
- D. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
Correct Answer: C 🗳️
You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?
- A. Import daily rates through the Daily Rates open interface table.
- B. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
- C. Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.
- D. Use the spreadsheet loader from the Currency Rates Manager.
- E. Edit existing transactions and update the rates manually.
Correct Answer: A,B,D 🗳️
You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business.
As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?
- A. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
- B. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
- C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.
- D. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
Correct Answer: D 🗳️
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