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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Integration and Security | 8% | - Integration with Subledger Accounting - Data access and security policies - Accounting Hub and third-party integration |
| Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Opening and closing accounting periods - Trial balance and period-end adjustments - Period close process and monitor |
| Overview of Oracle Fusion Financials and General Ledger | 10% | - Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger - General Ledger role within the financial ecosystem |
| Chart of Accounts Configuration | 20% | - Account combinations and security rules - Cross-validation and segment validation rules - Value sets, segments, and hierarchies - Designing and defining chart of accounts structure |
| Journal Entries and Processing | 20% | - Approval workflows and rules - Allocation and periodic entries - Reversing, correcting, and reviewing journals - Creating, importing, and posting journals |
| Financial Reporting and Inquiry | 12% | - Financial Reporting Center and OTBI - Account Monitor and Account Inspector - Balances and transaction inquiry - Reporting tools and integration options |
| Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Intercompany transactions and reconciliation - Currency configuration and daily rates - Translation and consolidation processes |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Identify two correct behaviors of conditional suppression of rows and columns.
- A. If an entire row or column meets the criteria specified for conditional suppression, the entire row or column is hidden.
- B. If only some of the cells in a row or column meet the criteria specified for conditional suppression, the row or column is hidden.
- C. The calculation does NOT consider suppressed rows.
- D. When the Hide Always chock box is selected for a row or column, you can ignore the values and calculations in hidden rows and columns.
Correct Answer: A,D 🗳️
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Which accounting attribute group will capture a customer's accounting invoice and the cash applied to that invoice?
- A. System Transaction identifiers
- B. Business Flow
- C. Distribution identifiers
- D. Tax attribute
Correct Answer: A 🗳️
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Identify the step that is NOT correct about implementing Fusion Accounting Hub to integrate with an external system.
- A. Enable external system to create Journal entries.
- B. Capture accounting events.
- C. Determine the accounting impact of transactions.
- D. Analyze external system transactions.
Correct Answer: A 🗳️
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When recording the closing of a loan, you can link to the account that was used to book the loan origination.
Which option would you choose in Journal Line Rule?
- A. Merge Matching Lines to All
- B. Link Journal Lines Options set to Copy from Corresponding Line
- C. Journal Line Rule Conditions
- D. Link Journal Lines Options set toBusinessFlow
- E. Link Journal Lines Options set to None
Correct Answer: D 🗳️
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In the Essbase database source, how do you identify duplicate members?
- A. display qualified names instead of the member names
- B. use the member perspective
- C. use member Information
- D. use an alias name for a database member
Correct Answer: A 🗳️
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