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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Translation and consolidation processes - Intercompany transactions and reconciliation - Currency configuration and daily rates |
| Topic 2: Integration and Security | 8% | - Integration with Subledger Accounting - Accounting Hub and third-party integration - Data access and security policies |
| Topic 3: Financial Reporting and Inquiry | 12% | - Financial Reporting Center and OTBI - Balances and transaction inquiry - Account Monitor and Account Inspector - Reporting tools and integration options |
| Topic 4: Journal Entries and Processing | 20% | - Reversing, correcting, and reviewing journals - Approval workflows and rules - Creating, importing, and posting journals - Allocation and periodic entries |
| Topic 5: Chart of Accounts Configuration | 20% | - Cross-validation and segment validation rules - Account combinations and security rules - Value sets, segments, and hierarchies - Designing and defining chart of accounts structure |
| Topic 6: Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Trial balance and period-end adjustments - Period close process and monitor - Opening and closing accounting periods |
| Topic 7: 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 |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Oracle Business Intelligence Enterprise Edition is available through the iPhone and iPad devices. Which BI object content is NOT visible through a mobile device?
A) Action
B) Analysis, including analytic actions
C) Dashboard Page, including analytic actions
D) Briefing Book, limited to alert visible in the Alerts list
E) Scorecard, including analytic actions
2. With which two options can Mapping Sets validate input values?
A) Value Sets
B) FlexFields
C) Accounting Segment
D) Lookup Types
3. A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?
A) Secondary Valuation method
B) Adjustments in the General Ledger
C) Journal Line Types
D) Account Derivation Rules
4. Which tab is used in the journals Work region of the General Accounting Dashboard to identify journals that produce an error during the Posting Process or that are rejected in the approval flow?
A) Pending Approval Prom Others
B) Requiring Attention
C) Import Errors
D) Incomplete
5. What is the primary source of data that is used for the Financial Reporting Center?
A) defined dimensions for journals
B) data from the balances cubes and dimensions contained in the chart of account segments
C) transaction tables
D) the Code Combinations table
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A,D | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: B |
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