Exam Name: Oracle Financials Cloud: General Ledger 2016 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: OPN Certified Specialist
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Updated: Oct 13, 2026
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Oracle 1z0-333 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2016 Implementation Essentials |
| Exam Number: | 1Z0-333 |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | Retired (older exam; replaced by updated Oracle Cloud GL exams) |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Real Exam Qty: | 80 |
| Passing Score: | 800 (on Oracle's scale) |
| Exam Price: | USD (varies by region, typically in Oracle exam pricing) |
| Related Certifications: | Oracle Financials Cloud General Ledger 2016 Certified Implementation Specialist |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Delivered via Oracle's official testing provider (Pearson VUE) at authorised test centres or online proctored where available. |
| Pre Condition: | Recommended experience with Oracle Financials Cloud GL configuration and implementation best practices. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-333 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Setup and Core Concepts | - Enterprise Structures Configuration
|
| Topic 2: General Ledger Processing | - Subledger Accounting Integration
|
| Topic 3: Intercompany and Reporting | - Intercompany Processing
|
| Topic 4: Budgetary Control and Encumbrance | - Budget setup and control options
|
Oracle Financials Cloud: General Ledger 2016 Implementation Essentials Exam: Three Advantages, One Purchase
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 80 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
The Oracle Financials Cloud: General Ledger 2016 Implementation Essentials exam contains 80 to complete within 120 minutes. Timed simulation in the Prep4away Desktop Test Engine teaches that rhythm before exam day does.
The official Oracle Financials Cloud: General Ledger 2016 Implementation Essentials outline defines 4 domains. The leading three are Intercompany and Reporting, General Ledger Processing, and Budgetary Control and Encumbrance. The full list is in the topics section above, and Prep4away'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.
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 Prep4away engines before booking is the cheaper option.
The 1z0-333 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 Prep4away'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.
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 Prep4away help you apply theory and fill any gaps the training leaves.
Prep4away issues a full refund if you take the Oracle Financials Cloud: General Ledger 2016 Implementation Essentials exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.
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:
After booking, Prep4away delivers your practice questions within 1 minute — preparation starts the same day.
Oracle Financials Cloud: General Ledger 2016 Implementation Essentials Sample Questions:
Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?
- A. Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
- B. When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
- C. Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
- D. Additional intercompany rules will need to be defined for the two additional balancing segments.
Correct Answer: B,C 🗳️
Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?
- A. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
- B. In Fusion Financials, you must manually reconcile your intercompany account balances.
- C. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
- D. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
- E. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
Correct Answer: A 🗳️
Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
- A. Journal Line Rule
- B. Journal Entry Rule Set
- C. Journal Entry
- D. Event Class
- E. Event Type
Correct Answer: B 🗳️
What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?
- A. Event Classes
- B. Accounting attributes
- C. Mapping Sets
- D. Transaction Objects
- E. Event Entities
Correct Answer: D 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
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. Requisition rejected by the buyer
- B. Submit the requisition for approval
- C. Requisition approved
- D. Create change request on the requisition after submitting requisition for approval
- E. Funds check
- F. Checkout and Save the requisition
Correct Answer: C,D 🗳️
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