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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Integration and Security | 8% | - Accounting Hub and third-party integration - Data access and security policies - Integration with Subledger Accounting |
| Journal Entries and Processing | 20% | - Allocation and periodic entries - Reversing, correcting, and reviewing journals - Creating, importing, and posting journals - Approval workflows and rules |
| Financial Reporting and Inquiry | 12% | - Balances and transaction inquiry - Financial Reporting Center and OTBI - Account Monitor and Account Inspector - Reporting tools and integration options |
| Overview of Oracle Fusion Financials and General Ledger | 10% | - General Ledger role within the financial ecosystem - Key features and benefits of Fusion General Ledger - Fusion Financials architecture and deployment options |
| Chart of Accounts Configuration | 20% | - Value sets, segments, and hierarchies - Designing and defining chart of accounts structure - Account combinations and security rules - Cross-validation and segment validation rules |
| Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Translation and consolidation processes - Intercompany transactions and reconciliation - Currency configuration and daily rates |
| Period Close and Reconciliation | 15% | - Opening and closing accounting periods - Period close process and monitor - Trial balance and period-end adjustments - Reconciliation with subledgers |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
What metric values are available on the General Ledger Dashboard?
- A. Price Yield, Win-Loss Ratio, Campaign Performance
- B. Schedule Compliance, Target Attainment, Service Level
- C. Cost of Goods Sold, Return on Equity
- D. Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
Correct Answer: D 🗳️
Where do you perform real-time, ad hoc queries from a data warehouse?
- A. Account Monitory and Account Inspector
- B. General Accounting and Journals dashboards
- C. Oracle Business Intelligence Analytics
- D. Oracle Transaction Business Intelligence
Correct Answer: A 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.
- A. data modeling
- B. Chart of Accounts Master Data maintenance
- C. data access and security
- D. the maintenance of Trading Community Data
- E. Chart of Accounts Hierarchy maintenance
Correct Answer: B 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
What can be used to restrict the events selected for accounting when users submit the Accounting Process?
- A. Process Category
- B. Event Types
- C. Batch Name
- D. Journal Line Types
- E. EventClasses
Correct Answer: A 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
Transactions may involve multiple currencies that require a common currency to make the reports meaningful. What are the amounts Oracle Business Analytics Warehouse uses to store currency?
- A. Report Currency
- B. Currency Symbol, Currency Name
- C. Global Currency (two common currencies), Document Currency,Local Currency
- D. Currency Code, Currency Name
Correct Answer: C 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
