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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Entries and Processing | 20% | - Allocation and periodic entries - Approval workflows and rules - Creating, importing, and posting journals - Reversing, correcting, and reviewing journals |
| Financial Reporting and Inquiry | 12% | - Financial Reporting Center and OTBI - Account Monitor and Account Inspector - Balances and transaction inquiry - Reporting tools and integration options |
| Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Trial balance and period-end adjustments - Opening and closing accounting periods - Period close process and monitor |
| Chart of Accounts Configuration | 20% | - Designing and defining chart of accounts structure - Account combinations and security rules - Cross-validation and segment validation rules - Value sets, segments, and hierarchies |
| Integration and Security | 8% | - Accounting Hub and third-party integration - Data access and security policies - Integration with Subledger Accounting |
| Overview of Oracle Fusion Financials and General Ledger | 10% | - Key features and benefits of Fusion General Ledger - General Ledger role within the financial ecosystem - Fusion Financials architecture and deployment options |
| Multi-Currency and Intercompany Accounting | 15% | - Intercompany transactions and reconciliation - Foreign currency transactions and revaluation - Translation and consolidation processes - Currency configuration and daily rates |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Which view do you use to set parameters and define the data that is displayed in the SmartView report.
A) SmartSlice
B) Point of View
C) SmrtView
D) SmartCube
2. Identify the two valid EPM Workspace features that designers incorporate into Books to enable viewers perform tasks.
A) Related Content
B) Email inks
C) Prompt
D) User POV
E) XML, HTML & PDF
3. Which report indicates if the accounting entries have been transferred to the Oracle Ledger when submitting the Create Accounting process?
A) Journals - (132 Char)
B) Create Accounting Report
C) Trial Balance - Detail
D) Create Accounting execution Report
4. Which statement about intercompany balancing is INCORRECT?
A) Intercompany balancing is used to balance transactions by an additional dimension beyond the primary segment.
B) Segment values can be assigned more than once within your chart of account.
C) Segment values can be assigned only once within your chart of account.
D) The intercompany qualified segment can NOT be set with any of the three balancing segment qualifiers.
E) Intercompany balancingisused to track intercompany duo to/due from balances by identifying the specific trading company.
5. After submitting the journal for approval, you realize the department value in journal is incorrect.
How do you correct the value?
A) Reverse the journal and create a new journal.
B) Click the Withdraw Approval button on the journal page and edit the journal.
C) Delete the journal and create a new journal.
D) Update the journal through a workflow.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C,D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |
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