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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Journal Entries and Processing | 20% | - Approval workflows and rules - Creating, importing, and posting journals - Reversing, correcting, and reviewing journals - Allocation and periodic entries |
| Topic 2: Overview of Oracle Fusion Financials and General Ledger | 10% | - Key features and benefits of Fusion General Ledger - General Ledger role within the financial ecosystem - Fusion Financials architecture and deployment options |
| Topic 3: Period Close and Reconciliation | 15% | - Trial balance and period-end adjustments - Opening and closing accounting periods - Reconciliation with subledgers - Period close process and monitor |
| Topic 4: Multi-Currency and Intercompany Accounting | 15% | - Translation and consolidation processes - Currency configuration and daily rates - Intercompany transactions and reconciliation - Foreign currency transactions and revaluation |
| Topic 5: Financial Reporting and Inquiry | 12% | - Balances and transaction inquiry - Reporting tools and integration options - Financial Reporting Center and OTBI - Account Monitor and Account Inspector |
| Topic 6: Integration and Security | 8% | - Accounting Hub and third-party integration - Data access and security policies - Integration with Subledger Accounting |
| Topic 7: Chart of Accounts Configuration | 20% | - Cross-validation and segment validation rules - Account combinations and security rules - Designing and defining chart of accounts structure - Value sets, segments, and hierarchies |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
The General Ledger supervisor requested a schedule be created to AutoPost the subledger accounts different times. To accomplish this, the AutoPost criteria need to be set by__________.
- A. Source
- B. Batch
- C. Category
- D. Journal
Correct Answer: D 🗳️
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Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported into financial Reporting.
- A. Books. (*.kbk)
- B. Dynamic Report (* .des)
- C. Impact Manage Transformation Scripts (*. Js)
- D. Snapshot Reports (*.rpt)
Correct Answer: A,D 🗳️
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How do you represent the Chart of Account Segments in SmartView technology?
- A. Dimensions
- B. Members
- C. User POV
- D. Grid POV
Correct Answer: A 🗳️
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Identify the business intelligence component that enables you to explore and interact with information by visually presenting data in tables, graphs, and pivot tables.
- A. Oracle Business Intelligence- Enterprise Edition
- B. Oracle Business Intelligence Applications
- C. BI Composer
- D. Oracle Transaction Business intelligence
- E. Analysis Editor
Correct Answer: C,E 🗳️
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Why would an end user use BI Composer?
- A. To leverage a wizard to create, edit orview analyses outside of the Analysis Editor
- B. To restrict user access only to the data for which they are authorized
- C. To export report, KPI and analysis prompt values and data as PDF, MHTML, XLS and CVS files.
- D. To bundletheentire catalog, specific folders, or multi component objects for archiving
- E. To set a specific set of dimension values
Correct Answer: A 🗳️
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