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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Journal Entries and Processing | 20% | - Reversing, correcting, and reviewing journals - Creating, importing, and posting journals - Allocation and periodic entries - Approval workflows and rules |
| Topic 2: Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Account Monitor and Account Inspector - Financial Reporting Center and OTBI - Balances and transaction inquiry |
| Topic 3: 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 |
| Topic 4: Integration and Security | 8% | - Accounting Hub and third-party integration - Data access and security policies - Integration with Subledger Accounting |
| Topic 5: Chart of Accounts Configuration | 20% | - Value sets, segments, and hierarchies - Cross-validation and segment validation rules - Designing and defining chart of accounts structure - Account combinations and security rules |
| Topic 6: Multi-Currency and Intercompany Accounting | 15% | - Translation and consolidation processes - Currency configuration and daily rates - Intercompany transactions and reconciliation - Foreign currency transactions and revaluation |
| Topic 7: Period Close and Reconciliation | 15% | - Period close process and monitor - Opening and closing accounting periods - Trial balance and period-end adjustments - Reconciliation with subledgers |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Question 1
A Client has a sales region the East coast and one on the West coast. The East coast sales region wants data analyzed for only their region.
Which tool should be used?
A. SmartCube
B. SmartView
C. Web ADI
D. SmartSlice
Question 2
How do you identify errors in the accounting calendar?
A. Run the Transaction Calendar Concurrent Process.
B. Run the Create Accounting Process.
C. An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
D. A calendar with errors can NOT be saved.
Question 3
Event classes are transaction types used to group____________.
A. Event Types
B. Process Categories
C. Event Models
D. Event Entities
E. Journal Rule Sets
Question 4
Transaction objects in Fusion Accounting Hub are associated to_____________.
A. Event Types
B. Event Entities
C. Event Classes
D. Journal Line Types
Question 5
The lowest level of granularity at which a journal entry rule set can be assigned is_____________.
A. Event Types
B. Journal line Rules
C. Event Entities
D. Event Classes
E. Events
Solutions:
| Question 1 Answer: D | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: D |
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