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Oracle 1z1-960 exam tests candidates' knowledge of General Ledger functionality, including how to set up a chart of accounts, define and manage accounting periods, create and manage journal entries, and reconcile accounts. Additionally, the exam covers broader topics such as understanding financial reports and analyzing financial data to help businesses make informed decisions.
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Oracle 1z1-960 exam is a multiple-choice test that consists of 75 questions. Candidates are given 2 hours to complete the exam, and they must score at least 63% to pass. 1z1-960 exam is available in several languages, including English, Japanese, and Simplified Chinese. The cost of the exam varies by country, but it is typically around $245 USD.
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Oracle 1z1-960 exam is a certification exam designed for professionals who wish to demonstrate their expertise in the implementation and management of the Oracle Financials Cloud: General Ledger 2017. 1z1-960 exam is a part of the Oracle Financials Cloud certification program and is intended for professionals who are involved in the implementation and management of financial systems in organizations.
| Section | Objectives |
|---|---|
| Journal Processing | - Process manual and automated journal entries - Configure allocations and periodic entries - Set up journal approval rules - Define secondary ledgers and reporting currencies |
| Enterprise Structures | - Set up accounting hierarchies and calendars - Configure Chart of Accounts - Configure Chart of Accounts security - Define legal entity structure |
| Period Close | - Perform consolidations and reconciliations - Process revaluations and translations - Manage period close process |
| Intercompany Processing | - Design intercompany segment rules - Set up intercompany balancing rules - Configure intercompany system options - Process and reconcile intercompany transactions |
| Budgetary Control and Encumbrance | - Set up encumbrance accounting - Monitor budget consumption - Configure budgetary control |
| Subledger Accounting | - Process subledger accounting entries - Define journal description rules - Create and manage accounting rules - Identify supporting references |
| Reporting and Analytics | - Perform analysis with Smart View - Use Financial Reporting Studio - Use General Accounting Dashboard - Implement OTBI and GL subject areas |
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