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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Integration and Security | 8% | - Accounting Hub and third-party integration - Integration with Subledger Accounting - Data access and security policies |
| Topic 2: Multi-Currency and Intercompany Accounting | 15% | - Currency configuration and daily rates - Intercompany transactions and reconciliation - Foreign currency transactions and revaluation - Translation and consolidation processes |
| Topic 3: Journal Entries and Processing | 20% | - Approval workflows and rules - Reversing, correcting, and reviewing journals - Creating, importing, and posting journals - Allocation and periodic entries |
| Topic 4: 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 |
| Topic 5: Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Account Monitor and Account Inspector - Balances and transaction inquiry - Financial Reporting Center and OTBI |
| Topic 6: Overview of Oracle Fusion Financials and General Ledger | 10% | - General Ledger role within the financial ecosystem - Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger |
| Topic 7: Period Close and Reconciliation | 15% | - Opening and closing accounting periods - Reconciliation with subledgers - Trial balance and period-end adjustments - Period close process and monitor |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Question 1
Identify the option that needs to be selected at the header level when assigning a header level subledger Journal Rule Set.
A. Currency
B. Ledger
C. Description
D. Supporting Reference
E. Accounting Date
Question 2
Event classes are transaction types used to group____________.
A. Event Models
B. Journal Rule Sets
C. Process Categories
D. Event Entities
E. Event Types
Question 3
In Oracle Fusion, you can define more complex structure and multiple rules between pairs of____________.
A. Ledger, Legal Entities, or Primary Segments
B. Legal Entities only
C. Ledgers only
D. Primary Segments only
Question 4
At which two levels do you need to enable the approval process you start defining it?
A. Category
B. Ledger
C. Source
D. Journal
Question 5
Identify the set up that needs to be completed before you can use cubes.
A. Report Builder
B. FSG
C. Ledger
D. Microsoft Office
Solutions:
| Question 1 Answer: E | Question 2 Answer: E | Question 3 Answer: B | Question 4 Answer: B,D | Question 5 Answer: C |
