Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Chart of Accounts Configuration | 20% | - Value sets, segments, and hierarchies - Designing and defining chart of accounts structure - Account combinations and security rules - Cross-validation and segment validation rules |
| Topic 2: Journal Entries and Processing | 20% | - Reversing, correcting, and reviewing journals - Approval workflows and rules - Creating, importing, and posting journals - Allocation and periodic entries |
| Topic 3: Overview of Oracle Fusion Financials and General Ledger | 10% | - Key features and benefits of Fusion General Ledger - Fusion Financials architecture and deployment options - General Ledger role within the financial ecosystem |
| Topic 4: Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Translation and consolidation processes - Currency configuration and daily rates - Intercompany transactions and reconciliation |
| Topic 5: 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 6: Integration and Security | 8% | - Integration with Subledger Accounting - Accounting Hub and third-party integration - Data access and security policies |
| Topic 7: Period Close and Reconciliation | 15% | - Period close process and monitor - Reconciliation with subledgers - Trial balance and period-end adjustments - Opening and closing accounting periods |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. A user wants to enter a multiple currency journal in the General Ledger. What must the user do to see the conversion rate type, conversion date, and conversion rate columns?
A) At the Journal Header level, select a blank value in the currency field.
B) At the Journal Header level, accept the default value in the currency field.
C) At the Journal line level, select a blank value in the currency field.
D) At the Journal line level, accept the default value in the currency field.
2. Transaction objects in Fusion Accounting Hub are associated to_____________.
A) Event Classes
B) Journal Line Types
C) Event Entities
D) Event Types
3. There is a performance issue with new account hierarchies. Which setting would you update to improve performance?
A) Column set
B) Parent Child Relationship
C) ADF Business component View Objects
D) Row set
4. 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) Briefing Book, limited to alert visible in the Alerts list
B) Scorecard, including analytic actions
C) Dashboard Page, including analytic actions
D) Action
E) Analysis, including analytic actions
5. Choose the three interfaces that integrate with SmartView to view, import, manipulate, distribute and share data.
A) Microsoft PowerPoint
B) Microsoft Excel
C) Microsoft Word
D) Microsoft Access
E) Microsoft Notes
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A,B,C |
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