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Test Number : 1Z0-1004
Test Name : Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
Vendor Name : Oracle
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Exam Title : Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
Exam ID : 1Z0-1004
Exam Duration : 120 minutes
Questions in test : 75
Passing Score : 60%
Format : Multiple Choice Questions (MCQ)
Exam Center : Pearson VUE
Real Questions : Oracle Financials Cloud: General Ledger 2018 Certified Implementation Specialist (OCS)
Recommended Practice : 1Z0-1004 Online VCE Practice Test

Enterprise Structures - Configure the Chart of Accounts
- Explain Essbase
- Set up accounting hierarchies
- Set up the accounting calendar
- Configure Chart of Accounts Security
- Configure the legal entity structure and define the relationship to the Chart of Account Subledger Accounting - Create and manage Accounting Rules
- Create and process subledger accounting entries
- Explain the journal description rules
- Identify supporting references Reporting & Anaytics - Explain how to design and use various reporting tools
- Set up the Financials Reporting Studio
- Explain OTBI and GL Subject Areas
- Describe Smart View accounting inquiry and analysis
- Describe the General Accounting Dashboard and Work Areas
- Analyze budgets versus actuals
- Describe the Fusion Accounting Hub Reporting Service Budgetary Control and Encumbrance - Configure and Process Budgets
- Explain how to analyze and monitor Budget Consumption
- Configure Encumbrance Accounting
- Process Encumbrance Journals Journal Processing - Process journal entries
- Configure automated journal processing
- Explain the journal approval set up
- Configure allocations and periodic entries
- Explain Average Daily Balance Processing
- Explain the secondary ledger and reporting currencies Intercompany Processing - Design the Chart of Accounts and segment level rules for intercompany
- Set up Intercompany Accounting (system options, transaction types, organizations)
- Describe intercompany balancing
- Process intercompany transactions and periods
- Process intercompany reconciliations Period Close - Explain the Close Process
- Configure and process revaluations
- Configure and process translations
- Configure and process consolidations
- Analyze reconciliations
- Close monitor



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Oracle 2018 outline

In dialog With - Oracle's Callan Mantell | 1Z0-1004 braindumps and Latest Topics

We recently took the chance to speak with Callan Mantell, Oracle's enviornment vp, construction and Engineering about Oracle's work with the building trade.

iTWire: Let's beginning by means of assuming most of their readers aren't particularly established with the building business (aside from working in an office that the industry has created - pandemic besides the fact that). are you able to define Oracle's activity in this area?

Mantell: part of Oracle's value-proposition is deep business abilities and solutions built to address the wonderful needs of complex vertical segments. To serve these industries, Oracle has a couple of different international business contraptions - Oracle construction and Engineering is one of these.

iTWire: Sao, how did you get into this selected vertical?

Mantell: Oracle construction and Engineering all started over a decade in the past with the acquisition of Primavera, an industry leader for project administration for 35 years. considering then, they now have built upon that basis through biological building and key acquisitions - together with Skire which later grew to be Unifier, Textura and, most recently, Aconex (headquartered in Melbourne, Australia). All have been strategically chosen, no longer just for their products, however to compile trusted business expertise leaders with years of knowledge and capabilities.

In an industry it is under-digitised, we've a chance to basically make a change within the industry. we're already are some of the primary global avid gamers within the building expertise house, and they aim to proceed to develop their market share and ability to at all times catch more of the international spend in the trade.

iTWire: As they see it, computing within the construction industry is probably going to tackle a small variety of domains of pastime. project scheduling (together with past, existing and future work), worker qualification and certificate management, union involvement, equipment and substances ordering pipeline, website attendance (including hours, strikes, medical routine, etc.) all spring to intellect. How does the Oracle solution handle these?

Mantell: virtually all features of the construction business are ripe for digitization, with many already in development. sooner or later, this will also prolong - because it does already in some instances - to automated development initiatives carried out by using robots / humans with exoskeletons, self reliant vehicles and the like.

these days, there are very few tactics on projects in mature development technology markets like Australia and New Zealand that don't seem to be addressed by expertise. Oracle's options are used across the full plan, build, and function lifecycle; from managing ideation and portfolio management to scheduling and coordination of consultants and designers. additional, Oracle' expertise helps the administration, coordination and collaboration of project suggestions, together with documents, correspondence and fashions; can charge and risk administration; onsite and far off tasks; defense; and price administration.

when it comes to particular options, Oracle building and Engineering presents a at ease and scalable basis based on a standard records ambiance with the most finished set of end-to-end solutions for asset owners and beginning teams, together with:

Oracle Primavera Cloud which is the best planning provider that brings collectively portfolio planning and task teams in addition to delivery teams. It provides the capability for planning, resourcing, chance mitigation, built-in scheduling and project administration, and application management.

next, they now have Primavera P6 enterprise task Portfolio administration, which is a set of Cloud-based mostly tools for world challenge planning. or not it's a simple-to-use solution for prioritising, planning, managing, and executing tasks, classes, and portfolios.

Then they have Primavera Unifier, which offers flexibility for mission and asset lifecycle administration. It presents wide configurability along with prebuild manner for a rapid beginning to automate any business method with customized kinds and workflows.

Oracle Aconex allows undertaking visibility, manage, decreased possibility, and linked groups. It drives efficiency in design and construction coordination, mission controls, charge administration, doc management and field administration.

ultimately, there is Oracle Textura charge management, which is a cloud provider designed to bring every aspect of the price administration method collectively in a comfy platform. clients advantage from better pay purposes, charge scheduling, compliance administration, and disbursement. These, in turn, lead to more handle, effectivity, and decreased possibility for all assignment stakeholders.

iTWire: …and possibly, there is a degree of optimisation drawing all this together.

Mantell: yes. part of their approach is the usage of data science for insights into how issues are at the moment performing, with the goal of being capable of establish abilities risks before they turn up. This foresight enables groups to leverage prosperous facts to increase their tactics - enabling more suitable effectivity, transparency and resolution-making ability. This, ultimately, ends up in continuous development and enhanced effects.

iTWire: Demand for this have to come from quite a lot of directions.

Mantell: there is increasing demand for expertise options from those working within the industry, both seasoned operators and new entrants, who're driving change at a rapid pace.

for instance, Oracle Aconex, was (and continues to be) on the global forefront of the digitisation of the business from its inception in 2000. Aconex fundamentally changed the construction industry in Australia, overcoming challenges however efficiently breaking the reputation quo approach to building-which, turned into previously mostly a paper-based process.

On suitable of this, when it comes to sustainability and the atmosphere, building companies be able to adopt statistics evaluation to aid them construct more sustainably. there is so lots tips purchasable to not handiest Strengthen construction strategies but additionally to acquire a better figuring out of what humans really want from buildings and cities.

as the world gets smarter via an increased use of digital tools, they are going to reap even more statistics from these environments and, if we're analysing and making use of these insights to future builds, they are going to naturally develop into greater sustainable in their strategy. That potential not handiest being greener today but also laying the foundation for a greener business in the future.

iTWire: …and detractors?

Mantell: even as there'll at all times be expert pastime groups opposing trade and transformation across most industries, it be important they play their part in educating their potentialities, customers, and trade friends on the value of digitalisation and embracing the lifestyle of the alternate to proceed to enhance the way the business operates.

iTWire: There are wonderful opportunities for digitisation in development which are best now seeing the light of day, for instance self-rotating crane masses. where do you see the subsequent large construction?

Mantell: building digitisation goes via a step forward with imaginative options in both software as hardware (including using sensors on machinery, substances, and many others.). The existing and subsequent traits are actually progressively considered in assignment jobsite birth solutions from remote truth catch and AI-enabled defense monitoring, to fabric tracking and delivery, information science, and predictive analytics.

Self-rotating crane hundreds, as you suggest, are one instance. however the precise exchange is happening by way of virtue of how the trade is altering the style it really works in order to reside aggressive and profitable. This problem will constantly see construction evolve to become greater like manufacturing, treating each task much less like a one off and more as anything it truly is many times manufactured and assembled, at any place feasible.

There are a couple of options accessible which help to handle the current wonderful industry challenges, making certain development initiatives are progressing with as little disruption as viable. for instance, remote visible monitoring of building websites, real distancing onsite and bringing people, tips and approaches closer collectively by using making certain project schedules are continuously and accurately up-to-date.

iTWire: The development trade is 'famous' for resisting alternate. What are your options for bringing your improvements to the worksite?

Mantell: whereas the development business is certainly noted for resisting alternate, Oracle prides itself on its means to work closely with shoppers so that innovation is doable, in preference to put within the 'too difficult' basket. for example, as a result of business's task-based nature, each challenge is a chance to undertake and adapt to exchange, taking that construction innovation to the subsequent challenge and the like. This method helps to force the trade to consistently evolve.

when it comes to bringing building improvements to the worksite, they have always additionally successfully recognized and fostered early adopters-americans or organizations who naturally need to be alternate agents and who don't seem to be afraid of doing issues for the first time. To help drive this trade-wide, they launched their Oracle Industries Innovation Lab in 2018. It has helped building enterprises discover and test options from Oracle and the larger construction ecosystem in a simulated worksite environment.

The Lab has already welcomed tons of of visitors, including choicest-in-class technology partners, consumers and industry notion leaders. There, they have got labored collectively in a simulated worksite environment to check how options reminiscent of connected gadgets, independent vehicles, drones, augmented reality, visualisation, and AI equipment can positively affect the building trade.

iTWire: They hinted at this previous, however undoubtedly, the trade would improvement from a perception in "all counsel, all over" - does Oracle aid this?

Mantell: people will frequently have a favored know-how solution they want to use, however when firms should work together, how do they opt for what answer to go with? As engineering and construction tasks proceed to develop in scope and complexity, so does the need for improved collaboration among the venture members and key stakeholder organizations.

Our services aid collaboration, neutrality, accountability and governance. a fair and impartial platform can help each person on the undertaking, allowing each and every business enterprise to control and comfortable their personal statistics and workspace. This increases trust, which in turn raises adoption. Their platform also creates a single supply of actuality through an unalterable audit trail leading to transparency throughout a venture.

We also have a role-primarily based mannequin in their features to aid distinct person groups inside the company from executives, to core power clients, to mobility across the field worker's. the entire above ensures seamless and respectable reporting of records making the data timely and purchasable for choice making at all ranges.

iTWire: With that in mind, what on-web site research are you doing? have you definitely spoken with the Alimak operator? The 'cease-go' dude at streetlevel? The building electrician? The concreter? (to name a extremely few roles).

Mantell: sure, person event and research is completely essential given their solutions are put into the palms of lots of and even heaps of americans in distinct roles and organizations on any given venture.

we have a huge person experience and research group who force a huge amount of ongoing business-large research, to be certain they are catering for the needs, needs, and challenges faced on projects day-to-day. also, their presale and proof-of-thought stage includes all centered user ranges of their proposed answer to be certain we're fulfilling their necessities beneath the service provider's strategic pursuits. This helps us and their companion community have a clear answer design after they undertake the client's implementations.

at last, they have their remodeling the business Influencer program (TIIP). TIIP is an trade collaboration application which utilises a range of engagement codecs to establish most effective practices and requirements around the end-to-conclusion administration of engineering and building initiatives. With this tips they will propose options designed transparently with the industry, in addition to working with the business to set the measures so that it will make sure we're on course with the advancements they release to market.

iTWire: Coming back to your primary theme, where do you agree with building's biggest inefficiencies lie?

Mantell: For me, the industry's inefficiencies lie within the way they work, above all that each mission is its own entity, and collaboration is a challenge. usually, venture teams come collectively and disband in line with the challenge lifecycle, which means transferring gaining knowledge of from one to the subsequent is difficult. This ends up in tremendously gradual, iterative change.

whereas the trade is open to sooner alternate, each task must be bid for and won, so the firms supplying them need to manage their exposure to carrying overhead and big groups with out sure bet. This, certainly, leads to individuals working generally across the business and never necessarily with the same business or group for longer than a couple of years at a time. lamentably, this sees advantage misplaced, along with the appetite for essential change.

2d to this, budgeting is an extra area which needs consideration, certainly given the often-problematic disputes that could require arbitration. and at last, the value of having a rigorous risk administration technique in region to mitigate undertaking time table and cost overruns.

past this, different center of attention areas consist of:

Collaboration: bringing mission stakeholders together to communicate on mission deliverables, planning, scheduling, excellent, payments management as well as health and safeguard as well as mannequin management.

facts science: similar to AI and computer researching to control the wealth of records and insights initiatives can give.

more suitable job-costing management: for managing project financials linked to back office automation, for instance, ERP.

risk management: With ever increasing uncertainties and a rapidly changing market, having a mission linked risk management answer throughout the challenge lifecycle is a necessity.

iTWire: eventually, what's your future? should still your application be a hit, what can be diverse from the way issues are today?

Mantell: regarding their application, it's already a success, with their clients as proof points over the many years we've been riding digitalisation in construction. As for the long run, there is not any doubt change and digital transformation is inevitable within their business. development expertise is becoming more and more weighed and embraced with the aid of leading builders and mission homeowners.

iTWire: …and the ML / AI you outlined prior?

Mantell: They see a large utility of AI and computer learning specially in areas related to faraway website monitoring and detecting excellent considerations. as an instance, whereas building counsel modelling (BIM) has been around for years, it has been mainly used for design authoring purposes. these days, we're seeing a shift in adopting BIM for assignment controls as a supply of reality and transition from handing over to asset operations. further to this, cloud is starting to be in recognition as a typical platform for all new creative applied sciences for building and will continue to gain broader adoption throughout the business.


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