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Oracle 1Z1-508 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Multi-Currency and Intercompany Accounting	15%	- Intercompany transactions and reconciliation - Translation and consolidation processes - Currency configuration and daily rates - Foreign currency transactions and revaluation
Topic 2: Integration and Security	8%	- Data access and security policies - Accounting Hub and third-party integration - Integration with Subledger Accounting
Topic 3: Financial Reporting and Inquiry	12%	- Financial Reporting Center and OTBI - Reporting tools and integration options - Account Monitor and Account Inspector - Balances and transaction inquiry
Topic 4: Chart of Accounts Configuration	20%	- Cross-validation and segment validation rules - Account combinations and security rules - Value sets, segments, and hierarchies - Designing and defining chart of accounts structure
Topic 5: Journal Entries and Processing	20%	- Creating, importing, and posting journals - Reversing, correcting, and reviewing journals - Allocation and periodic entries - Approval workflows and rules
Topic 6: Period Close and Reconciliation	15%	- Trial balance and period-end adjustments - Opening and closing accounting periods - Period close process and monitor - Reconciliation with subledgers
Topic 7: Overview of Oracle Fusion Financials and General Ledger	10%	- Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger - General Ledger role within the financial ecosystem

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

Identify two INVALID features of POV in Financial Reporting Studio.

A. POV book is specific to any report or grid object in report in that book.
B. All POVs allow a single member to be set for a dimension.
C. Multiple grids cannot be Included in a report.
D. A memberselection function with CurrentPOV as the member parameter changes to a User POV when members are selected from a row, column or page axis on a grid.
E. To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.

Reveal Solution Discussion 0

Correct Answer: A,E 🗳️