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The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam has a reputation for tripping up even experienced professionals. The 80 practice questions from Actual4Labs walk you through the 1Z1-1004 objectives the way the real test frames them in 2026, so tricky wording and time pressure stop being surprises. By exam day, the format will feel like old news.
Oracle 1Z1-1004 Exam Overview:
Certification Vendor:
Oracle
Exam Name:
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
Exam Number:
1Z0-1004
Available Languages:
English
Real Exam Qty:
76
Exam Duration:
120 minutes
Exam Price:
$245 USD
Related Certifications:
Oracle Financials Cloud 2018 Implementation Professional
- Define journal line and description rules
- Process subledger accounting entries
- Create and manage accounting rules
Enterprise Structures
15%
- Define ledgers and ledger sets
- Set up accounting calendar and periods
- Define chart of accounts
- Configure legal entity structure
Reporting and Analytics
15%
- Perform Smart View analysis
- Use General Accounting dashboard
- Use OTBI and GL subject areas
- Configure Financial Reporting Studio
Journal Processing
20%
- Process manual journal entries
- Set up allocations and periodic entries
- Configure automated journals and approval rules
- Define secondary ledgers and reporting currencies
Budgetary Control and Encumbrance
15%
- Set up encumbrance accounting
- Process budget and encumbrance journals
- Analyze budget consumption
- Configure budgetary control
Period Close
10%
- Process revaluation and translation
- Execute period close process
- Perform consolidation activities
Intercompany Processing
10%
- Set up intercompany system options
- Perform intercompany reconciliation
- Design intercompany chart of accounts
- Process intercompany transactions and balancing
Oracle 1Z1-1004 Certification Exam FAQ
The 1Z1-1004 exam is the official test behind the Oracle Financials Cloud General Ledger 2018 Certified Implementation Specialist certification, a Specialist-level credential from Oracle. Passing it validates the skills measured by the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials objectives and proves to employers that you can apply those skills in real-world scenarios, not just recite theory. The credential also sits alongside related certifications such as Oracle Financials Cloud 2018 Implementation Professional, making it a strong building block in a broader Oracle certification path. For candidates planning a longer-term career move, the 1Z1-1004 exam is often the step that turns study effort into a verifiable, resumé-ready qualification.
The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials blueprint is divided into 7 exam domains. The first three are Journal Processing (20%), Intercompany Processing (10%), and Period Close (10%). The weightings matter: they tell you where the bulk of your score comes from, so allocate study time in proportion rather than spreading it evenly. Scroll back to the exam topics section above for the complete domain-by-domain breakdown of the 1Z1-1004 exam.
The Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam gives you 120 minutes to work through 76 questions. Do the math before test day: divide the total time by the question count to set a steady per-question pace, and treat that number as a hard budget rather than a guideline. When a question eats more than its share, flag it and move on — a flagged question can be revisited, but lost minutes can't. Running two or three full timed mock exams in the Actual4Labs test engine before your exam date is the most reliable way to make that pacing automatic.
The passing score for the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam is 60%, and the official registration fee is $245 USD. Keep in mind that a failed attempt means paying that fee in full again — there are no discounted retakes — so booking the exam before you're ready is the most expensive shortcut in certification. A practical rule: take a timed self-assessment with Actual4Labs practice tests first, and only schedule your seat once you're scoring comfortably above the passing mark with time to spare. That buffer absorbs exam-day nerves and the handful of questions that always seem to come from nowhere.
According to Oracle, the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam uses the following question formats: Multiple Choice, Multiple Response. Different formats reward different habits. For scenario-based items, read the final sentence of the question stem first so you know what's actually being asked before you dig into the details, and never change an answer unless you can point to the exact clue you missed. The Actual4Labs question bank lets you rehearse every format until each one feels routine.
Oracle currently offers the 1Z1-1004 exam in English. Choose the language you can reason in fastest under time pressure — reading speed matters more than most candidates expect. If you plan to test in English, working through Actual4Labs's 80 English practice questions doubles as terminology training, so the phrasing on exam day feels familiar rather than foreign.
The credential you earn by passing the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam remains valid for 18 months from issue. That clock is worth protecting: set a reminder well before the expiry date and review the official recertification options early, so staying certified becomes a planned task instead of a last-minute scramble. Recertification policies are set by Oracle and can change, so confirm the current rules on the official certification page.
Every Oracle Financials Cloud: General Ledger 2018 Implementation Essentials product contains the same 80 expert-prepared practice questions; only the way you study with them changes:
PDF version — printable format, prepared by experts, with instant access to download. Study anywhere, anytime, on any device that opens a document. Includes 365 days of free updates, and a free PDF demo is available.
Desktop Test Engine — installable software that simulates the real exam environment, with two practice modes and full offline access. Supports MS Windows.
Online Test Engine — instant online access from all web browsers, with test history and performance review to track your progress. Supports Windows, Mac, Android, and iOS.
Many candidates combine the PDF for daily reading with a test engine for timed weekend mock exams.
Yes. Actual4Labs offers a free PDF demo for the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam, so you can review the question style, difficulty level, and answer quality before you pay anything. Every purchase also includes 365 days of free updates — and if you'd like to extend updates after that period, you can renew at a 50% discount from your member zone. Trying first costs you nothing; it simply tells you whether our material matches the way you learn.
Oracle adjusts its exams over time, so Actual4Labs reviews and updates the Oracle Financials Cloud: General Ledger 2018 Implementation Essentials question bank on a continuous basis to reflect the current skills being tested. Your purchase includes 365 days of free updates; after that, you can repurchase the expired product at a 50% discount from your member zone. To catch a fresh release, check the New Releases section on Actual4Labs, the status on your product's download page, or the Actual4Labs newsletter — and always look for an update a few days before your exam date.
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Actual4Labs backs your purchase with a 100% Money Back Guarantee: if you take the corresponding exam within 60 days of your purchase and don't pass, you can apply for a full refund. To qualify, submit a scanned copy of your exam enrollment slip and the official Score Report PDF within 2 days after the exam — refunds are processed within 7 days of submission. Attempts made within 3 days of purchase, material for exams never actually taken, free items, and expired orders are not eligible, and the candidate name must match the payer name. Prefer new material instead of a refund? You can exchange your product for two free exam products of equal value and keep the update service on your original purchase. Delivery itself is instant: your Oracle Financials Cloud: General Ledger 2018 Implementation Essentials practice questions are available for download and emailed to you within one minute of payment — if nothing arrives within 2 hours, check your spam folder and contact our support team. There's no limit on how many computers you can install the product on.
Why Candidates Choose Actual4Labs for Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Preparation
One purchase covers the whole journey: a free demo to start, instant delivery when you buy, and a full year of updates while you study. Your 1Z1-1004 product arrives in your mailbox within one minute of payment — if it doesn't show up within 2 hours, our support team will sort it out — and you can install it on as many computers as you need. McAfee security services protect every transaction, and your personal information is never shared with third parties.
PDF version: printable format, prepared by experts, instant access to download, study anywhere and anytime, 365 days of free updates, free PDF demo available.
Desktop Test Engine: installable software that simulates the real Oracle Financials Cloud: General Ledger 2018 Implementation Essentials exam environment, with two practice modes and offline access, supporting MS Windows.
Online Test Engine: instant online access from all web browsers, with test history and performance review, supporting Windows, Mac, Android, and iOS.
Free updates: 365 days included with every purchase; after expiry, renew at a 50% discount from your member zone.
100% Money Back Guarantee: if you take the corresponding exam within 60 days of purchase and don't pass, submit your enrollment slip and official Score Report within 2 days after the exam for a full refund, processed within 7 days — or exchange your product for two free products of equal value instead.
Ready when you are: download the free 1Z1-1004 demo, pick the format that fits your routine, and start working through 80 practice questions today.
Oracle Financials Cloud: General Ledger 2018 Implementation Essentials Sample Questions:
Question 1
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?
A. General Ledger - Journal Transaction Balances Real Time
B. General Ledger - Journal Balances Real Time
C. General Ledger - Journals Real Time
D. General Ledger - Summary Journals Real Time
Question 2
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 three statements are true regarding the creation of a control budget? (Choose three.)
A. The control budget structure has all the chart of account segments as budget segments
B. A control budget can be associated with a different calendar than accounting calendar
C. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
D. A control budget can allow override rules only if the control level is absolute
E. Control budgets are always absolute to generate encumbrance accounting
Question 3
Which feature outside of reporting and analysis leverages the Essbase cube?
A. calculation manager to perform allocations based on multidimensional balances and budgets
B. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
C. revaluations and translation to revalue and translate currencies stored in the Essbase cube
D. journal entries and journal approval to create journals that update balances to the cube directly
Question 4
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?
A. Management Chain approval
B. Approval Groups
C. Cost center based approval
D. Dynamic Approval Groups
E. Supervisory level approval
Question 5
Which tool can you use to create a Financial Income Statement?
A. Rapid Implementation Enterprise Structures setup
B. One View Reporting
C. Account Inspector
D. PS/nVision
Solutions:
Question 1 Answer: C
Question 2 Answer: B,D,E
Question 3 Answer: C
Question 4 Answer: E
Question 5 Answer: C
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