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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: 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 |
| Topic 2: Multi-Currency and Intercompany Accounting | 15% | - Translation and consolidation processes - Intercompany transactions and reconciliation - Foreign currency transactions and revaluation - Currency configuration and daily rates |
| Topic 3: Chart of Accounts Configuration | 20% | - Cross-validation and segment validation rules - Value sets, segments, and hierarchies - Account combinations and security rules - Designing and defining chart of accounts structure |
| Topic 4: Period Close and Reconciliation | 15% | - Period close process and monitor - Reconciliation with subledgers - Trial balance and period-end adjustments - Opening and closing accounting periods |
| Topic 5: Financial Reporting and Inquiry | 12% | - Financial Reporting Center and OTBI - Balances and transaction inquiry - Reporting tools and integration options - Account Monitor and Account Inspector |
| Topic 6: Integration and Security | 8% | - Accounting Hub and third-party integration - Integration with Subledger Accounting - Data access and security policies |
| Topic 7: Journal Entries and Processing | 20% | - Allocation and periodic entries - Approval workflows and rules - Creating, importing, and posting journals - Reversing, correcting, and reviewing journals |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
A database connection can be changed when moving from a development environment server to a production environment server. Identify the reason for the error message "1012: Report contains an Invalid grid. The following dimensions could not be found: Measures."
- A. Dimensions existed in the old database connection, but NOT in the new database connection
- B. Opening or running the reports or books for an INVALID database connection
- C. Dimensions in the changed database connections do NOT match the previous dimensions
- D. Dimensions do NOT match a specific report in the book
Correct Answer: A 🗳️
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What metric values are available on the General Ledger Dashboard?
- A. Schedule Compliance, Target Attainment, Service Level
- B. Price Yield, Win-Loss Ratio, Campaign Performance
- C. Cost of Goods Sold, Return on Equity
- D. Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
Correct Answer: D 🗳️
In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance ____________.
- A. By both legal and balancing segments values
- B. By account values
- C. By legal entity only
- D. By primary balancing segment values only
Correct Answer: D 🗳️
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A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?
- A. Use cell formulas to write efficient formulas rather than row or column formulas.
- B. Use multiple data segments for formatting or calculating.
- C. Use Function on expanded data segments that are NOT placed on separate rows or columns.
- D. Create reusable objects and row and column templates.
Correct Answer: C,D 🗳️
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Which three tasks that can be performed by using Account inspector in the Account Monitor choice list?
- A. Close selected accounts and periods that appear in the pivot table.
- B. Drill down to the detailed balances within a custom pivot table.
- C. Export a custom pivot table to Microsoft Excel.
- D. Do not use a pivot table.
- E. Interactively perform ad hoc inquiries on the financial balances.
Correct Answer: B,C,E 🗳️
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