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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Multi-Currency and Intercompany Accounting | 15% | - Translation and consolidation processes - Intercompany transactions and reconciliation - Currency configuration and daily rates - Foreign currency transactions and revaluation |
| Topic 2: Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Financial Reporting Center and OTBI - Balances and transaction inquiry - Account Monitor and Account Inspector |
| Topic 3: Chart of Accounts Configuration | 20% | - Designing and defining chart of accounts structure - Account combinations and security rules - Cross-validation and segment validation rules - Value sets, segments, and hierarchies |
| Topic 4: Overview of Oracle Fusion Financials and General Ledger | 10% | - General Ledger role within the financial ecosystem - Key features and benefits of Fusion General Ledger - Fusion Financials architecture and deployment options |
| Topic 5: Integration and Security | 8% | - Integration with Subledger Accounting - Accounting Hub and third-party integration - Data access and security policies |
| Topic 6: Journal Entries and Processing | 20% | - Approval workflows and rules - Allocation and periodic entries - Creating, importing, and posting journals - Reversing, correcting, and reviewing journals |
| Topic 7: Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Opening and closing accounting periods - Period close process and monitor - Trial balance and period-end adjustments |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?
A) running a trial balance report to reconcile books
B) moving the cursor over projected balances displays the impact a journal will have on accounts
C) setting notification thresholds in the Account Monitor view
D) getting more detail on a balance by clicking the Show More button
2. The Profitability Dashboard providers visibility into a company's performance. Which indicator is via the Profitability Dashboard?
A) Pipeline
B) Return on Equity
C) Budget
D) Recruitment
E) Suppliers
3. There is a performance issue with new account hierarchies. Which setting would you update to improve performance?
A) Parent Child Relationship
B) ADF Business component View Objects
C) Row set
D) Column set
4. A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?
A) Use cell formulas to write efficient formulas rather than row or column formulas.
B) Use multiple data segments for formatting or calculating.
C) Use Function on expanded data segments that are NOT placed on separate rows or columns.
D) Create reusable objects and row and column templates.
5. A client is implementing Fusion Accounting Hub for their external receivable system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification Information. The client wants the accounting amounts to be tracked by customer classification, but NOT necessarily in a Chart of Accounts segment. How can this be solved?
A) Change the Chart of Accounts structure to include customer classification; there is no other option.
B) Use Open account balances listing.
C) Capture it as a source and develop custom report.
D) Use supporting references to capture customer classification.
E) Use the Third Party control account feature.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C,D | Question # 5 Answer: D |
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