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