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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| 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 |
| Period Close and Reconciliation | 15% | - Trial balance and period-end adjustments - Opening and closing accounting periods - Period close process and monitor - Reconciliation with subledgers |
| Integration and Security | 8% | - Accounting Hub and third-party integration - Data access and security policies - Integration with Subledger Accounting |
| Financial Reporting and Inquiry | 12% | - Financial Reporting Center and OTBI - Reporting tools and integration options - Account Monitor and Account Inspector - Balances and transaction inquiry |
| Journal Entries and Processing | 20% | - Creating, importing, and posting journals - Reversing, correcting, and reviewing journals - Allocation and periodic entries - Approval workflows and rules |
| Multi-Currency and Intercompany Accounting | 15% | - Intercompany transactions and reconciliation - Translation and consolidation processes - Foreign currency transactions and revaluation - Currency configuration and daily rates |
| Chart of Accounts Configuration | 20% | - Designing and defining chart of accounts structure - Account combinations and security rules - Value sets, segments, and hierarchies - Cross-validation and segment validation rules |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?
- A. Enable the offerings in the Manage BI Applications dialog box.
- B. Data is automatically available in Oracle Business intelligence through the transaction tables and cubes.
- C. Select the Business Intelligence check box for the Chart of AccountsInstance.
- D. Select the Enable for Implementation check box.
- E. Use the Migrate Oracle Fusion Financials function within the Setup and Maintenance work area.
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
Identify two correct behaviors of conditional suppression of rows and columns.
- A. The calculation does NOT consider suppressed rows.
- B. When the Hide Always chock box is selected for a row or column, you can ignore the values and calculations in hidden rows and columns.
- C. If an entire row or column meets the criteria specified for conditional suppression, the entire row or column is hidden.
- D. If only some of the cells in a row or column meet the criteria specified for conditional suppression, the row or column is hidden.
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
Choose the three interfaces that integrate with SmartView to view, import, manipulate, distribute and share data.
- A. Microsoft Access
- B. Microsoft Word
- C. Microsoft Excel
- D. Microsoft PowerPoint
- E. Microsoft Notes
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.
- A. One ledger and one Legal Entity
- B. Two ledger and two Legal Entities
- C. Three Ledger and three Legal Entities
- D. One Ledger and three Legal Entities
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?
- A. Create reusable objects and row and column templates.
- B. Use Function on expanded data segments that are NOT placed on separate rows or columns.
- C. Use cell formulas to write efficient formulas rather than row or column formulas.
- D. Use multiple data segments for formatting or calculating.
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
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