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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Overview of Oracle Fusion Financials and General Ledger | 10% | - Fusion Financials architecture and deployment options - General Ledger role within the financial ecosystem - Key features and benefits of Fusion General Ledger |
| 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 |
| Integration and Security | 8% | - Integration with Subledger Accounting - Data access and security policies - Accounting Hub and third-party integration |
| Period Close and Reconciliation | 15% | - Trial balance and period-end adjustments - Opening and closing accounting periods - Reconciliation with subledgers - Period close process and monitor |
| Journal Entries and Processing | 20% | - Allocation and periodic entries - Creating, importing, and posting journals - Approval workflows and rules - Reversing, correcting, and reviewing journals |
| Multi-Currency and Intercompany Accounting | 15% | - Currency configuration and daily rates - Translation and consolidation processes - Foreign currency transactions and revaluation - Intercompany transactions and reconciliation |
| Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Account Monitor and Account Inspector - Financial Reporting Center and OTBI - Balances and transaction inquiry |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Which attribute does NOT need to be considered when creating intercompany transaction?
A) Receivables and Payables Business Units
B) Default Organization contact
C) Legal Entity
D) Default Transaction Type
2. XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.
A) Hierarchy between functional divisions only
B) Hierarchy between the organization and its departments, and between the departments and their respective functional divisions
C) hierarchy between the organization and its departments and functional divisions only
D) Hierarchy between departments only
3. You have been given a task to update a calendar by adding a new period to it. What is the quickest way to perform this task?
A) Use the Add Year button.
B) Run the Other - Calendar Validation Report.
C) The application automatically populates the next period.
D) Manually add the periods.
4. Oracle Business Intelligence Enterprise Edition (OBIEE) allows buttons to create, manage, and invoke the task functionality within the application. What framework is used to set them up?
A) Security Framework
B) Action Framework
C) Resource Description Framework (RDF)
D) Seed Data Framework (SDF)
E) Application Development Framework (ADF)
5. Select two text functions that are available only for financial management.
A) MemberProprty
B) MemberDescription
C) CallText
D) MemberAlias
E) ProcessManagementStatus
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B,D |
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