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Oracle 1z1-333 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Ledger Configuration | 20% | - Configure currencies and conversion rules - Set up accounting calendar and periods - Define primary and secondary ledgers |
| Subledger Accounting | 10% | - Describe Fusion Accounting Hub - Integrate with source systems - Configure accounting rules |
| Reporting, Budgetary Control and Encumbrance | 15% | - Use Financial Reporting Studio, OTBI and Smart View - Set up encumbrance accounting - Configure budgetary control |
| Period Close and Consolidation | 15% | - Execute consolidations and reconciliations - Manage period close process - Perform revaluation and translation |
| Implementation and Setup Overview | 15% | - Functional Setup Manager
|
| Journal Processing | 15% | - Create, import, and post journals - Define allocations and recurring entries - Set up journal approval workflows |
| Intercompany Accounting | 10% | - Process and reconcile intercompany transactions - Design intercompany segment rules - Set up intercompany system options |
Oracle Financials Cloud: General Ledger 2016 Implementation Essentials Questions, Answered Carefully
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The Oracle Financials Cloud: General Ledger 2016 Implementation Essentials blueprint covers these core domains:
- Intercompany Accounting (10%)
- Ledger Configuration (20%)
- Journal Processing (15%)
The official outline lists further domains, all covered in our question bank.
Oracle publishes these prerequisites for the Oracle Financials Cloud: General Ledger 2016 Implementation Essentials: No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud.
Check the authoritative wording on the official certification page before registering.
At present, passing the 1z1-333 exam requires 60%, and the registration fee is $245 USD. Both are set by Oracle and can change — confirm them on the official site when you book.
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Oracle Financials Cloud: General Ledger 2016 Implementation Essentials Sample Questions:
While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrance journals when you submit he create accounting program.
What are the two events?
- A. Checkout and Save the requisition
- B. Requisition approved
- C. Submit the requisition for approval
- D. Requisition rejected by the buyer
- E. Create change request on the requisition after submitting requisition for approval
- F. Funds check
Correct Answer: B,E 🗳️
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?
- A. The Account Rule's chartof accounts have no account values assigned
- B. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
- C. The Account Rule's conditions are not defined.
- D. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
Correct Answer: A,B 🗳️
Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?
- A. Approval Group
- B. Supervisory level based on HR Supervisors
- C. Position
- D. Job level
Correct Answer: A 🗳️
Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use.
What setup is required to achieve this requirement?
- A. Create an annual budget with absolute control and so encumbrance accounting will work.
- B. Create two detail control budgets: annually with advisory/track control and monthly with absolute control.
- C. Create two detail control budgets: annually with absolute control and monthly with advisory or track control.
- D. Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
- E. Create a summary budget annually with advisory control and control budget monthly with absolute control.
Correct Answer: E 🗳️
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
- A. Never use the Outer Point of View (POV).
- B. Only specify segment values in formulas.
- C. Specify Run Time Prompts (RTP).
- D. Always use the Outer Point of View (POV).
Correct Answer: B 🗳️
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