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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Overview of Oracle Fusion Financials and General Ledger | 10% | - General Ledger role within the financial ecosystem - Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger |
| Topic 2: Journal Entries and Processing | 20% | - Approval workflows and rules - Creating, importing, and posting journals - Reversing, correcting, and reviewing journals - Allocation and periodic entries |
| Topic 3: Multi-Currency and Intercompany Accounting | 15% | - Currency configuration and daily rates - Foreign currency transactions and revaluation - Intercompany transactions and reconciliation - Translation and consolidation processes |
| Topic 4: Chart of Accounts Configuration | 20% | - Cross-validation and segment validation rules - Designing and defining chart of accounts structure - Value sets, segments, and hierarchies - Account combinations and security rules |
| Topic 5: Integration and Security | 8% | - Integration with Subledger Accounting - Data access and security policies - Accounting Hub and third-party integration |
| Topic 6: Financial Reporting and Inquiry | 12% | - Balances and transaction inquiry - Account Monitor and Account Inspector - Reporting tools and integration options - Financial Reporting Center and OTBI |
| Topic 7: Period Close and Reconciliation | 15% | - Opening and closing accounting periods - Reconciliation with subledgers - Trial balance and period-end adjustments - Period close process and monitor |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Question 1
What are two reasons for using scorecards?
A. Assessment Mappings
B. Gauges
C. KPIs are represented hierarchically
D. Dimension Pinnings
E. an objective and its supporting child objectives
Question 2
When configuring the allocation and periodic entries, which three tasks must be completed before generating the entries?
A. The period is set to Closed, Never Open or Future Enterable.
B. The rules or rules sets have been defined, validated and deployed successfully from the Allocation Manager.
C. The journal balances for the allocation or periodic rules are entered and posted in the proper period.
D. The period is set to Open, Never Open or Future Enterable.
E. The period is set to Open or Future Enterable
Question 3
The lowest level of granularity at which a journal entry rule set can be assigned is_____________.
A. Events
B. Event Entities
C. Event Classes
D. Event Types
E. Journal line Rules
Question 4
Where do end users modify preferences, such as time zone, delivery devices and delivery profile?
A. My Dashboard page
B. My Agents
C. My Account dialog box
D. My Scorecards
E. My Reports
Question 5
If you change the status of a tree structure, the status of the trees and tree versions associated with structure also change. Which three statuses apply to the tree structure?
A. Inactive
B. Active
C. Draft
D. Future
E. Pending
Solutions:
| Question 1 Answer: C,E | Question 2 Answer: B,C,E | Question 3 Answer: C | Question 4 Answer: C | Question 5 Answer: A,B,C |
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