Oracle Financials Cloud: General Ledger 2017

Implementation Essentials Exam Study Guide

Getting Started
The Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Exam Study Guide is designed to help
you prepare for the Oracle Financials Cloud: General Ledger 2017 Essentials exam (1Z0-960).

Earning this certification helps OPN members differentiate in the marketplace through proven in depth expertise, and
helps their partner company qualify for the Oracle Financials Cloud Specialization.

Target Audience
The Oracle Financials Cloud : General Ledger 2017 Implementation Essentials exam audience defines the type of
participants who are likely to pass the exam and targets individuals with a specific level of education and expertise:

Job Role:

 Functional Implementers
 Experienced Financial Consultants

Level of Competency:
 Candidates should be able to create and implement configuration design.
 Strongly recommended for the individuals to be specialized in E-Business Suite Financials with at least 2 years
implementation experience
 Participants should possess a deep knowledge of general accounting practices and regulations (multiple
geographies).

Exam Topics
The Oracle Financials Cloud: General Ledger 2017 Implementation Essentials exam covers 7 topics:

 Enterprise Structures
 Journal Processing
 Sub ledger Accounting
 Intercompany Processing
 Reporting & Analytics
 Period Close
 Budgetary Control and Encumbrance

Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Exam Study Guide page 2 of 6

Getting Started | Target Audience | Exam Topics | Training Options |

Exam Details per Topic | Exam Registration Details | Additional Resources
Levels of Knowledge
Each exam topic contains objectives and each objective is categorized as either a learner or practitioner level of
knowledge.

Learner items test foundational grasp and Example:

require product comprehension (not
“When setting up price list modifiers in Advanced Pricing, which
recognition or memorization).
three steps must be completed in order to successfully activate
surcharge and price break features?”

Practitioner items present on-the-job Example:

scenarios and require the ability to: integrate
1) “You are creating price list modifiers in Advanced Pricing.
and apply knowledge in new contexts, analyze
Your customer has three requirements: X, Y, Z. Identify the two
and troubleshoot complex issues, and solve
steps that must be completed in order to meet those requirements.
problems.
2) “You are running a two-instance database with six redo logs
defined. You decide to add a third thread to support a third
database instance, on the third node of the cluster.

Using command line administration, which two commands will

you execute to achieve this?

Training Options
Throughout the study guide each exam topic recommends one or several training/documentation titles:
Recommended Training
Online Training - recorded web-training sessions, self-paced
Training on Demand - recorded classroom sessions, which include labs, instructor access and comprehensive materials
Classroom Training - in-person training with hands-on exercises
Live Virtual Training - online live-classes, in real-time
Learning Streams -subscription-based access to video training on the latest product features, best practices and live
sessions for ongoing learning support
Recommended Documentation
Oracle Documentation – product manual in on-line format
Product Tutorials - on-line information on how to use the product
Datasheets and White Papers - documents that summarize the performance and other technical characteristics of a
product, machine, component
Books – product information written text that published in printed or electronic form

Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Exam Study Guide page 3 of 6

Getting Started | Target Audience | Exam Topics | Training Options |

Exam Details per Topic | Exam Registration Details | Additional Resources
Exam Details per Topic
This section covers details associated to all exam topics such as: exam topics overview, objectives, levels of knowledge,
recommended trainings and sample questions. Specialization exams include all application functionalities not only the
most frequently used ones.

Topic 1: Enterprise Structures

Objective Level
 Configure the Chart of Accounts  Practitioner

 Explain Essbase  Learner

 Set up accounting hierarchies  Practitioner

 Set up the accounting calendar  Practitioner

 Configure Chart of Accounts Security  Practitioner

 Configure the legal entity structure and define the relationship to the Chart of  Practitioner
Account

Topic 2: Journal Processing

Objective Level
 Process journal entries  Practitioner

 Configure automated journal processing  Practitioner

 Explain the journal approval set up  Learner

 Configure allocations and periodic entries  Practitioner

 Explain Average Daily Balance Processing  Practitioner

 Explain the secondary ledger and reporting currencies  Practitioner

Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Exam Study Guide page 4 of 6

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Exam Details per Topic | Exam Registration Details | Additional Resources
Topic 3: Sub ledger Accounting

Objective Level
 Create and manage Accounting Rules  Practitioner

 Create and process sub ledger accounting entries  Practitioner

 Explain the journal description rules  Learner

 Identify supporting references  Learner

Topic 4: Intercompany processing

Objective Level
 Design the Chart of Accounts and segment level rules for intercompany  Practitioner

 Set up Intercompany Accounting (system options, transaction types,  Practitioner

organizations)
 Learner
 Describe intercompany balancing

 Process intercompany transactions and periods  Practitioner

 Process intercompany reconciliations  Practitioner

Topic 5: Reporting & Analytics

Objective Level
 Explain how to design and use various reporting tools  Learner

 Set up the Financials Reporting Studio  Practitioner

 Explain OTBI and GL Subject Areas  Learner

 Describe Smart View accounting inquiry and analysis  Learner

 Describe the General Accounting Dashboard and Work Areas  Learner

 Analyze budgets versus actuals  Practitioner

 Describe the Fusion Accounting Hub Reporting Service  Learner

Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Exam Study Guide page 5 of 6

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Exam Details per Topic | Exam Registration Details | Additional Resources
Topic 6: Period Close

Objective Level
 Explain the Close Process  Learner

 Configure and process revaluations  Practitioner

 Configure and process translations  Practitioner

 Configure and process consolidations  Practitioner

 Analyze reconciliations  Practitioner

 Close monitor  Practitioner

Topic 7: Budgetary Control and Encumbrance

Objective Level
 Configure and Process Budgets  Practitioner

 Explain how to analyze and monitor Budget Consumption  Learner

 Configure Encumbrance Accounting  Practitioner

 Process Encumbrance Journals  Practitioner

Exam Registration Details

Full exam preparation details are available on the exam page Oracle Fusion Financials: General Ledger 2017 Essentials

Exam 1Z0-960 including learning objectives, number of questions, time allowance, pricing and languages available.

The OPN Certified Specialist Exams appointments are available worldwide at Pearson VUE Testing Centers.
Reservations can be made via phone or online.

Candidates must have an Oracle Web Account to access CertView and check their exam results. In order to have their
certifications reflected on OPN Competency Center, both CertView and Pearson Vue accounts must be updated with the
current OPN Company ID. Your Company ID can be obtained by contacting your local Oracle Partner Business Center
or by signing in to your OPN account.

Additional Resources
 Oracle Financials Cloud Knowledge Zone
 Oracle Cloud Learning Center
 OPN Guided Learning Paths & Assessments
 OPN Certified Specialist Exam Study Guides
 Oracle Financials Cloud Learning Subscription

Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Exam Study Guide page 6 of 6

Getting Started | Target Audience | Exam Topics | Training Options |

Exam Details per Topic | Exam Registration Details | Additional Resources