Oracle Financials Cloud: General Ledger 2017 Implementation Essentials (1Z0-960) Practice Exam

Oracle Financials Cloud: General Ledger 2017 Implementation Essentials (1Z0-960) is a certification exam from Oracle which certifies your skills in implementing and managing Oracle's General Ledger (GL) module within the Financials Cloud suite. This certification includes  the journal entries, financial reporting, multi-currency transactions, and the integration of GL with other financial applications. The certification attests to your skills and knowledge in configuring and using Oracle Financials Cloud while also complying to the accounting standards with financial reporting accuracy.
Why is Oracle Financials Cloud: General Ledger 2017 Implementation Essentials (1Z0-960) important?

• Validates expertise in Oracle’s General Ledger functionalities within the Financials Cloud.
• Boosts career opportunities in financial management and accounting.
• Shows your understanding of accounting principles and their application in cloud environments.
• Ensures proficiency in financial reporting and compliance.
• Increases knowledge of integrating General Ledger with other financial modules.
• Improves efficiency in managing multi-currency transactions and global financial operations.
• Increases credibility for finance professionals working with Oracle Financials Cloud.

Who should take the Oracle Financials Cloud: General Ledger 2017 Implementation Essentials (1Z0-960) Exam?

• Oracle Financial Consultants
• Financial Analysts
• General Ledger Accountants
• Financial Managers
• Implementation Consultants for Oracle Financials
• Accounting Software Specialists
• Cloud Solutions Architects focused on finance
• ERP Project Managers

Skills Evaluated

Candidates taking the certification exam on the Oracle Financials Cloud: General Ledger 2017 Implementation Essentials (1Z0-960) is evaluated for the following skills:

• Configuring and managing Oracle Financials Cloud: General Ledger.
• Performing journal entries and adjustments.
• Generating financial reports and analyses.
• Managing multi-currency transactions and conversions.
• Integrating General Ledger with other financial applications.
• Ensuring compliance with accounting standards and regulations.
• Utilizing best practices in financial management and reporting.

Oracle Financials Cloud: General Ledger 2017 Implementation Essentials (1Z0-960) Certification Course Outline
The Oracle Financials Cloud: General Ledger 2017 Implementation Essentials (1Z0-960) Certification covers the following topics -

 Section 1. Enterprise Structures

• Configuring the Chart of Accounts

• Explaining Essbase

• Setting up accounting hierarchies

• Setting up the accounting calendar

• Configuring Chart of Accounts Security

• Configuring the legal entity structure and define the relationship to the Chart of Account

Section 2. Journal Processing

• Processing journal entries

• Configuring automated journal processing

• Explaining the journal approval set up

• Configuring allocations and periodic entries

• Explaining Average Daily Balance Processing

• Explaining the secondary ledger and reporting currencies

Section 3. Sub ledger Accounting

• Creating and managing Accounting Rules

• Creating and processing sub ledger accounting entries

• Explaining the journal description rules

• Identifying supporting references

Section 4. Intercompany Processing

• Designing the Chart of Accounts and segment level rules for intercompany

• Setting up Intercompany Accounting (system options, transaction types, organizations)

• Describing intercompany balancing

• Processing intercompany transactions and periods

• Processing intercompany reconciliations

Section 5. Reporting & Analytics

• Explaining how to design and use various reporting tools

• Setting up the Financials Reporting Studio

• Explaining OTBI and GL Subject Areas

• Describing Smart View accounting inquiry and analysis

• Describing the General Accounting Dashboard and Work Areas

• Analyzing budgets versus actuals

• Describing the Fusion Accounting Hub Reporting Service

Section 6. Period Close

• Explaining the Close Process

• Configuring and processing revaluations

• Configuring and processing translations

• Configuring and processing consolidations

• Analyzing reconciliations

• Close monitor

Section 7. Budgetary Control and Encumbrance

• Configuring and Processing Budgets

• Explaining how to analyze and monitor Budget Consumption

• Configuring Encumbrance Accounting

• Processing Encumbrance Journals