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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Multi-Currency and Intercompany Accounting | 15% | - Translation and consolidation processes - Foreign currency transactions and revaluation - Currency configuration and daily rates - Intercompany transactions and reconciliation |
| Overview of Oracle Fusion Financials and General Ledger | 10% | - Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger - General Ledger role within the financial ecosystem |
| 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 |
| Financial Reporting and Inquiry | 12% | - Balances and transaction inquiry - Reporting tools and integration options - Financial Reporting Center and OTBI - Account Monitor and Account Inspector |
| Journal Entries and Processing | 20% | - Reversing, correcting, and reviewing journals - Approval workflows and rules - Allocation and periodic entries - Creating, importing, and posting journals |
| Integration and Security | 8% | - Accounting Hub and third-party integration - Data access and security policies - Integration with Subledger Accounting |
| Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Opening and closing accounting periods - Period close process and monitor - Trial balance and period-end adjustments |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. At which two levels do you need to enable the approval process you start defining it?
A) Ledger
B) Journal
C) Source
D) Category
2. Which method will reverse accruals in the next accounting period?
A) Create one entry and use Accrual Reversal GL Date.
B) Create one event and use the Accounting Reversal attribute.
C) Create one event and use the GL functionality to perform the reversal.
D) Create two events, one for accrual and another for the reversal.
3. Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?
A) My Report
B) Analyzer
C) Shared Folders
D) My folders
E) Catalog
4. How can you restrict access to dashboards, dashboard pages, and other presentation catalog objects?
A) Use membership controls to limit user access.
B) Create a custom dashboard In Oracle Business Intelligence Enterprise Edition (OBIEE).
C) Assign object security to predefined groups.
D) Use the security filter.
5. Event classes are transaction types used to group____________.
A) Event Models
B) Process Categories
C) Event Types
D) Event Entities
E) Journal Rule Sets
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: A | Question # 3 Answer: C,D | Question # 4 Answer: A | Question # 5 Answer: C |
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