Oracle 1Z0-1004 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-1004
Exam Name/Title: Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 80
Updated On: Sep 30, 2026

Question #17

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

A. You must re-deploy the chart of accounts

B. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration

C. You must assign the job role and data security context to each user

D. A Data Access Set with full read/write access to the ledger is automatically created

Discussion 0

Correct Answer: C,D Vote an answer

Question #18

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?

A. Translate only the adjusting journal entry

B. Enter another adjusting journal entry in the target currency to true up the balances

C. Rerun Translation and then reconsolidate your results

D. Rerun Revaluation and then rerun Translation

Discussion 0

Correct Answer: C Vote an answer

Question #19

Your customer wants to have balance sheets and income statements for its cost center and program segments.
That is, the customer wants to have three balancing segments.
Which two recommendations would you give your customer? (Choose two.)

A. Define Ledger balancing options to balance by second and third balancing segments

B. When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal

C. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry

D. Additional intercompany rules will need to be defined for the two additional balancing segments

Discussion 0

Correct Answer: B,D Vote an answer

Question #20

Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?

A. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment

B. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions

C. Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively

D. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting

Discussion 0

Correct Answer: C Vote an answer

Question #21

Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

A. Export the table to Excel

B. Use the Freeze feauture on the tables to scroll through large amounts of data

C. Run a Business Intelligence Publisher report with Excel as the output format

D. Detach the table to resize it to the maximum size of the monitor.

Discussion 0

Correct Answer: B,D Vote an answer

Question #22

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing

B. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit

C. Define budgetary control at ledger level and only encumbrance control at the business units

D. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

E. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning

F. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving

Discussion 0

Correct Answer: A,F Vote an answer

Question #23

You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have 10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)

A. Use OTBI to create multiple reports that you save to a folder that only the users can access

B. Use a report batch to run reports at a specific time to create a set of snapshot reports

C. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet

D. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

E. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee

Discussion 0

Correct Answer: B,D Vote an answer

Question #24

You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)

A. Assign a Subledger Accounting Method to the secondary ledger

B. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

C. Define Journal Conversion Rules that exclude subledgers

D. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions

E. Define Supporting References with balances

Discussion 0

Correct Answer: A,D Vote an answer

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