• Exam Code: 1Z0-508
  • 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:

SectionWeightObjectives
Integration and Security8%- Integration with Subledger Accounting
- Data access and security policies
- Accounting Hub and third-party integration
Chart of Accounts Configuration20%- Designing and defining chart of accounts structure
- Cross-validation and segment validation rules
- Account combinations and security rules
- Value sets, segments, and hierarchies
Overview of Oracle Fusion Financials and General Ledger10%- Key features and benefits of Fusion General Ledger
- Fusion Financials architecture and deployment options
- General Ledger role within the financial ecosystem
Financial Reporting and Inquiry12%- Account Monitor and Account Inspector
- Financial Reporting Center and OTBI
- Reporting tools and integration options
- Balances and transaction inquiry
Journal Entries and Processing20%- Approval workflows and rules
- Allocation and periodic entries
- Reversing, correcting, and reviewing journals
- Creating, importing, and posting journals
Period Close and Reconciliation15%- Opening and closing accounting periods
- Reconciliation with subledgers
- Period close process and monitor
- Trial balance and period-end adjustments
Multi-Currency and Intercompany Accounting15%- Intercompany transactions and reconciliation
- Currency configuration and daily rates
- Foreign currency transactions and revaluation
- Translation and consolidation processes

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. 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) Dashboard Page, including analytic actions
C) Scorecard, including analytic actions
D) Analysis, including analytic actions
E) Action


2. Which three options tan you use from the Generate Allocations link to open the Submission page?

A) Notification when this process ends
B) E-mail the output
C) Fax the output
D) Automatically save it as an Excel file
E) Print Output


3. 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 Transaction Business intelligence
B) Oracle Business Intelligence Applications
C) Oracle Business Intelligence- Enterprise Edition
D) Analysis Editor
E) BI Composer


4. Changing a Fusion Intercompany system option would______________.

A) impact both new and transactions in progress
B) will be retroactive and include historical transactions
C) take effect only on new transactions going forward
D) be effective on transactions in progress
E) take effect on new, existing, and transactions in progress


5. A Client has a sales region the East coast and one on the West coast. The East coast sales region wants data analyzed for only their region.
Which tool should be used?

A) Web ADI
B) SmartSlice
C) SmartView
D) SmartCube


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A,B,E
Question # 3
Answer: D,E
Question # 4
Answer: C
Question # 5
Answer: B

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