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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Entries and Processing | 20% | - Approval workflows and rules - Creating, importing, and posting journals - Reversing, correcting, and reviewing journals - Allocation and periodic entries |
| Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Period close process and monitor - Opening and closing accounting periods - Trial balance and period-end adjustments |
| Integration and Security | 8% | - Data access and security policies - Accounting Hub and third-party integration - Integration with Subledger Accounting |
| Chart of Accounts Configuration | 20% | - Account combinations and security rules - Designing and defining chart of accounts structure - Cross-validation and segment validation rules - Value sets, segments, and hierarchies |
| Multi-Currency and Intercompany Accounting | 15% | - Translation and consolidation processes - Currency configuration and daily rates - Foreign currency transactions and revaluation - Intercompany transactions and reconciliation |
| Financial Reporting and Inquiry | 12% | - Financial Reporting Center and OTBI - Account Monitor and Account Inspector - Balances and transaction inquiry - Reporting tools and integration options |
| 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 |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Journal approval in Oracle Fusion Applications uses Oracle Fusion Approvals Management (AMX) to build approvals. Which AMX builder method is most effective when the General Accountant enters the journals for approval?
A) Position
B) Approval Group
C) Job level
D) Human Resources (HK) Supervisory
2. How do you represent the Chart of Account Segments in SmartView technology?
A) Grid POV
B) Members
C) User POV
D) Dimensions
3. What is the best view or tool to use it you need to quickly perform an ad hoc ledger query that drill down to in a web view?
A) Account Monitoring
B) Oracle Hyperion Smart View
C) Account Inspector
D) Oracle Hyperion Financial Reporting Studio
4. Which task enables you to define the legal entities that are classified as intercompany organizations?
A) Define intercompany transactions.
B) Enter intercompany transactions.
C) Manage intercompany transactions.
D) Edit intercompany transactions.
5. How is an online ad hoc pivot table created?
A) Use Style Templates
B) Export to Microsoft Excel to perform data manipulation
C) Use Online Analyzer, if granted access by an administrator
D) Use the input parameters feature online
E) Use the Location feature
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
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