Oracle Corporation is an American multinational computer technology corporation that sells enterprise software products, cloud engineered systems, database software and technology in the market. The company also deals in cloud solutions, engineered systems, storage and server technology. The oracle corporation also offers extensive certification programs that are used to verify the skills and knowledge of professionals. These skills and knowledge are mandatory to work on Oracle products and technology.
- The Oracle certifications are granted after passing the exams, training, performance bases assignments. It depends on the level of certification.
- Oracle certifications are tangible benchmarks of skills, knowledge, experience, and expertise that will help you to promote your career in the IT field.
Oracle has more than 400,000 customers in 175 countries. In 2018 oracle was the third-largest software company by revenue.
What is the Oracle 1Z0-1004 Exam?
Today, we talk about the Oracle 1Z0-1004 Exam that is designed to validate the skills and knowledge of professionals that are mandatory to work on oracle Financials Cloud technology. This certification will provide a complete and modern solution for financial experts. Through this exam, the successful candidate will gain more analytical capabilities and visibility. It will increase business productivity with the best practice and process. Let’s get started with the basic information of the Oracle 1Z0-1004 Exam.
|Exam Title||Oracle Financials Cloud: General Ledger 2018|
|Exam Format||Multiple Choice|
|Exam Duration||120 Minutes|
What are the main topics of the Oracle 1Z0-1004 Exam?
To pass the Oracle financial cloud: general ledger 2019 implementation essentials 1z0-1004 you have to first understand the complete topic of the Oracle financial exam. Let’s review the exam topic.
Enterprise Structures – The first topic of the Oracle financial exam deals with enterprise structures. How to configure the chart of accounts? Explain the Essbase? How to set up accounting hierarchies and accounting calendar? What is the chart of account security and how to configure it? Explain the legal entity structure and define the relationship to the chart of account. How to configure the legal entity structure provides detail.
Sub ledger Accounting – The second topic provides detail information about sub-ledger accounting. How to create and manage rules? How to create and process the different sub-ledger accounting entries? What are the journal description rules? Explain. Identify the supporting references.
Reporting & Analytics – The third topic of the Oracle 1z0-1004 exam deals with the reporting and analytics sections. How to design the various reporting tools? Explain how to use the various reporting tools. What is the setup process of the financial reporting studio? Explain OTBI and GL subject areas. Describe the smart view accounting analysis, inquiry, general accounting dashboard, and the workflow areas. How to analyze the budgets versus actual? What is the fusion accounting hub reporting service? Describe in detail.
Budgetary Control and Encumbrance – The four topic deals with budgetary control and encumbrance. How to design, configure, process and budgets? Explain how to analyze and monitor the overall budget consumption of enterprise. How to configure and process the encumbrance accounting and journals? Describe in detail.
Journal Processing – The fifth topic of the Oracle Cloud Exam provides detail information about different journal processing. How to process the journal entries? How to configure an automated journal processing? What is the journal approval setup process? Explain it. How to configure the allocations? What are the periodic entries and their posting in the ledger? Explain average daily balance processing, secondary ledger, and reporting currencies.
Intercompany Processing – In this chapter, you will learn about intercompany processing. How to design the chart of accounts? What are the segment level rules of intercompany? What is the intercompany setup accounting system such as options, transaction types, and organizations? Describe. How to process intercompany reconciliations?
Period Close – The final topic of the Oracle Financials Cloud: General Ledger 2018 is period close. What is the close process? How to configure the process revaluations, translations, and consolidations? How to analyze reconciliations? Define the close monitor process in detail.
What are the job opportunities after the Oracle 1Z0-1004 Exam?
Passing the Oracle certification exam is the biggest achievement for the professionals. After passing the Oracle financial expert exam, you can enjoy countless career benefits and boost up your professional career in a short time period. The main jobs titles that are associated with this exam are given below
- Oracle certified financial cloud expert
- Oracle certified financial cloud analysis
- Oracle certified financial cloud service provider
- Oracle certified financial cloud manager
- Oracle certified financial cloud advisor
How to pass Oracle 1Z0-1004 Exam in the first attempt?
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