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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Integration and Security | 8% | - Integration with Subledger Accounting - Accounting Hub and third-party integration - Data access and security policies |
| Topic 2: 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 3: Financial Reporting and Inquiry | 12% | - Account Monitor and Account Inspector - Financial Reporting Center and OTBI - Reporting tools and integration options - Balances and transaction inquiry |
| Topic 4: Chart of Accounts Configuration | 20% | - Account combinations and security rules - Value sets, segments, and hierarchies - Designing and defining chart of accounts structure - Cross-validation and segment validation rules |
| Topic 5: Period Close and Reconciliation | 15% | - Trial balance and period-end adjustments - Opening and closing accounting periods - Period close process and monitor - Reconciliation with subledgers |
| Topic 6: Multi-Currency and Intercompany Accounting | 15% | - Intercompany transactions and reconciliation - Translation and consolidation processes - Foreign currency transactions and revaluation - Currency configuration and daily rates |
| Topic 7: Journal Entries and Processing | 20% | - Creating, importing, and posting journals - Reversing, correcting, and reviewing journals - Allocation and periodic entries - Approval workflows and rules |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
When an external system sends an invoice to Fusion Accounts Payable, the life cycle of the transaction is invoice Created, Invoice Adjusted, Invoice Deleted or Invoice Canceled. This cycle can be modeled using______________.
- A. Event model
- B. Event Types
- C. Journal Rules
- D. Event entities
- E. Event Categories
Correct Answer: B 🗳️
Explanation: Only visible for Prep4pass members. You can sign-up / login (it's free).
Which three objectives must be considered when designing the chart of accounts?
- A. Effectively manage an organization's financial business.
- B. Provide less flexibility for management reporting and analysis.
- C. Select the segment qualifiers.
- D. Anticipate growth and maintenance needs because organizational changes occur
- E. Support the audit and control of financial transactions.
Correct Answer: A,D,E 🗳️
Explanation: Only visible for Prep4pass members. You can sign-up / login (it's free).
How can you restrict access to dashboards, dashboard pages, and other presentation catalog objects?
- A. Use the security filter.
- B. Create a custom dashboard In Oracle Business Intelligence Enterprise Edition (OBIEE).
- C. Assign object security to predefined groups.
- D. Use membership controls to limit user access.
Correct Answer: D 🗳️
Explanation: Only visible for Prep4pass members. You can sign-up / login (it's free).
Where do end users modify preferences, such as time zone, delivery devices and delivery profile?
- A. My Dashboard page
- B. My Scorecards
- C. My Reports
- D. My Agents
- E. My Account dialog box
Correct Answer: E 🗳️
Explanation: Only visible for Prep4pass members. You can sign-up / login (it's free).
Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?
- A. Run Trial Balance.
- B. Run the Journals- (132 Char) Report.
- C. View the Projected Balances Region on the Create Journal page
- D. View the Account Inquiry window
Correct Answer: C 🗳️
Explanation: Only visible for Prep4pass members. You can sign-up / login (it's free).
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