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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Translation and consolidation processes - Intercompany transactions and reconciliation - Currency configuration and daily rates |
| Journal Entries and Processing | 20% | - Creating, importing, and posting journals - Allocation and periodic entries - Reversing, correcting, and reviewing journals - Approval workflows and rules |
| Integration and Security | 8% | - Integration with Subledger Accounting - Data access and security policies - Accounting Hub and third-party integration |
| Chart of Accounts Configuration | 20% | - Value sets, segments, and hierarchies - Account combinations and security rules - Designing and defining chart of accounts structure - Cross-validation and segment validation rules |
| 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 |
| Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Trial balance and period-end adjustments - Period close process and monitor - Opening and closing accounting periods |
| Financial Reporting and Inquiry | 12% | - Financial Reporting Center and OTBI - Reporting tools and integration options - Account Monitor and Account Inspector - Balances and transaction inquiry |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Identify two INVALID features of POV in Financial Reporting Studio.
- A. POV book is specific to any report or grid object in report in that book.
- B. To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.
- C. Multiple grids cannot be Included in a report.
- D. All POVs allow a single member to be set for a dimension.
- E. A memberselection function with CurrentPOV as the member parameter changes to a User POV when members are selected from a row, column or page axis on a grid.
Correct Answer: A,B 🗳️
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How can you restrict access to dashboards, dashboard pages, and other presentation catalog objects?
- A. Create a custom dashboard In Oracle Business Intelligence Enterprise Edition (OBIEE).
- B. Assign object security to predefined groups.
- C. Use membership controls to limit user access.
- D. Use the security filter.
Correct Answer: C 🗳️
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The lowest level of granularity at which a journal entry rule set can be assigned is_____________.
- A. Event Entities
- B. Journal line Rules
- C. Event Classes
- D. Events
- E. Event Types
Correct Answer: C 🗳️
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The Receivables and Payables accounts that are automatically generated by intercompany transactions use rules and attributes in what order?
- A. Ledger entity Level Rules; ledger Level Rules; Chart of Account Rules; Primary Balancing Segment Rules
- B. Ledger Level Rules;Primary Balancing Segment Rules;Ledger Entity Level Rules; Chart of Accounts Rules
- C. Chart of Account Rules; Ledger Entity Level Rules, Primary Balancing Segment Rules; Ledger Level Rules
- D. Chart of Account Rules; Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules
- E. Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules;Chart of Account Rules
Correct Answer: E 🗳️
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Identify the two steps that must be completed when performing Accounting Configuration
- A. Create Reporting Currencies
- B. Create Legal Entities
- C. Create Primary Ledgers
- D. Open First Period
Correct Answer: B,C 🗳️
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