• Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Applications
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Oracle 1Z1-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: Ledger and Accounting Processes- Posting journals to ledger
- Period close process
- Accounting calendar periods
Topic 2: Reporting- Standard and ad-hoc reporting
- Financial statements generation
Topic 3: Security and Access Control- Ledger security rules
- Role-based access control
Topic 4: General Ledger Setup- Currency and calendar setup
- Ledger configuration and setup
- Chart of Accounts structure
Topic 5: Journal Processing- Recurring journals and allocations
- Journal approval workflows
- Creating and managing journals

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which view do you use to set parameters and define the data that is displayed in the SmartView report.

A) SmartSlice
B) SmrtView
C) SmartCube
D) Point of View


2. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A) specify the chart of accounts intercompany payables only
B) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
C) specify the chart of account intercompany receivables only
D) specify the chart of account intercompany receivables and intercompany payables accounts


3. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A) Web ADI
B) Application Development Framework Integration
C) Financial Reporting studio
D) SmartVIew


4. There is a performance issue with new account hierarchies. Which setting would you update to improve performance?

A) Parent Child Relationship
B) Row set
C) Column set
D) ADF Business component View Objects


5. How do you represent the Chart of Account Segments in SmartView technology?

A) Members
B) User POV
C) Dimensions
D) Grid POV


Solutions:

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

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