Exam Name: Oracle Financials Cloud: General Ledger 2016 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: OPN Certified Specialist
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- Total Questions: 80
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Oracle 1z1-333 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Budgetary Control and Encumbrance | - Budget setup and control options
|
| Topic 2: General Ledger Setup and Core Concepts | - Enterprise Structures Configuration
|
| Topic 3: Intercompany and Reporting | - Intercompany Processing
|
| Topic 4: General Ledger Processing | - Journal and Accounting Processes
|
Oracle Financials Cloud: General Ledger 2016 Implementation Essentials Exam: Try It, Then Trust It
The Oracle Financials Cloud: General Ledger 2016 Implementation Essentials exam contains 80 to complete within 120 minutes. Timed simulation in the TestKingFree Desktop Test Engine teaches that rhythm before exam day does.
Delivered via Oracle's official testing provider (Pearson VUE) at authorised test centres or online proctored where available. Register for the Oracle Financials Cloud: General Ledger 2016 Implementation Essentials exam through these official channels:
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The 1z1-333 exam is a Oracle certification exam validating the Oracle Financials Cloud: General Ledger 2016 Implementation Essentials syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud General Ledger 2016 Certified Implementation Specialist. Candidates in 2026 start with TestKingFree's 80 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
The official Oracle Financials Cloud: General Ledger 2016 Implementation Essentials outline defines 4 domains. The leading three are General Ledger Setup and Core Concepts, Budgetary Control and Encumbrance, and Intercompany and Reporting. The full list is in the topics section above, and TestKingFree's 80 practice questions cover each one.
Recommended experience with Oracle Financials Cloud GL configuration and implementation best practices. Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
Oracle recommends these training resources for the Oracle Financials Cloud: General Ledger 2016 Implementation Essentials exam:
Follow the training with steady self-testing — the 80 practice questions from TestKingFree help you apply theory and fill any gaps the training leaves.
The Oracle Financials Cloud: General Ledger 2016 Implementation Essentials exam requires 800 (on Oracle's scale) to pass, and registration costs USD (varies by region, typically in Oracle exam pricing). A failed attempt means paying the same fee again — a readiness check with the TestKingFree engines before booking is the cheaper option.
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Oracle Financials Cloud: General Ledger 2016 Implementation Essentials Sample Questions:
What is the most efficient way to add a new year to the accounting calendar?
- A. The application automatically populates the next year when you open the first period a new fiscal year.
- B. Add the periods manually
- C. Use the Add Year button
- D. Import the periods from a spreadsheet
Correct Answer: C 🗳️
Explanation: Only visible for TestKingFree members. You can sign-up / login (it's free).
Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?
- A. Oracle Business Intelligence Applications (OBIA)
- B. Financial Reporting Center
- C. Oracle Transactional Business Intelligence (OTBI)
- D. Intelligence Publisher (BI Publish.
- E. Smart View
Correct Answer: C 🗳️
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?
- A. Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
- B. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
- C. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
- D. Define two different charts of accounts.
Correct Answer: A 🗳️
In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles?
- A. They can format each table by hiding and showing columns, moving columns, and resizing columns.
- B. Users have very little control customizing their Dashboards and Work Areas; they can only resize columns.
- C. They can have the System Administration customize pages for them using Page Composer.
- D. They can use Personalization to move and remove regions from those pages.
Correct Answer: A,D 🗳️
You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?
- A. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
- B. You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
- C. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
- D. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
Correct Answer: B,C 🗳️
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