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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Chart of Accounts Configuration | 20% | - Value sets, segments, and hierarchies - Cross-validation and segment validation rules - Account combinations and security rules - Designing and defining chart of accounts structure |
| Financial Reporting and Inquiry | 12% | - Balances and transaction inquiry - Financial Reporting Center and OTBI - Account Monitor and Account Inspector - Reporting tools and integration options |
| Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Currency configuration and daily rates - Intercompany transactions and reconciliation - Translation and consolidation processes |
| Period Close and Reconciliation | 15% | - Opening and closing accounting periods - Trial balance and period-end adjustments - Reconciliation with subledgers - Period close process and monitor |
| 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 |
| 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% | - Data access and security policies - Accounting Hub and third-party integration - Integration with Subledger Accounting |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Question 1
Identify the two valid EPM Workspace features that designers incorporate into Books to enable viewers perform tasks.
A. XML, HTML & PDF
B. Related Content
C. Prompt
D. Email inks
E. User POV
Question 2
The Receivables and Payables accounts that are automatically generated by intercompany transactions use rules and attributes in what order?
A. Chart of Account Rules; Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules
B. Chart of Account Rules; Ledger Entity Level Rules, Primary Balancing Segment Rules; Ledger Level Rules
C. Ledger Level Rules;Primary Balancing Segment Rules;Ledger Entity Level Rules; Chart of Accounts Rules
D. Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules;Chart of Account Rules
E. Ledger entity Level Rules; ledger Level Rules; Chart of Account Rules; Primary Balancing Segment Rules
Question 3
You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.
A. Run the chart of Accounts - Account Hierarchy.
B. Run the import Chart of Account Segment Values.
C. Automatically create or modify the cube in Essbase.
D. Run the Program - Optimizer.
Question 4
What is the primary source of data that is used for the Financial Reporting Center?
A. the Code Combinations table
B. data from the balances cubes and dimensions contained in the chart of account segments
C. transaction tables
D. defined dimensions for journals
Question 5
What metric values are available on the General Ledger Dashboard?
A. Cost of Goods Sold, Return on Equity
B. Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
C. Schedule Compliance, Target Attainment, Service Level
D. Price Yield, Win-Loss Ratio, Campaign Performance
Solutions:
| Question 1 Answer: C,E | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: B |
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