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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Intercompany transactions and reconciliation - Translation and consolidation processes - Currency configuration and daily rates |
| Topic 2: Chart of Accounts Configuration | 20% | - Designing and defining chart of accounts structure - Value sets, segments, and hierarchies - Cross-validation and segment validation rules - Account combinations and security rules |
| Topic 3: 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 4: Journal Entries and Processing | 20% | - Allocation and periodic entries - Reversing, correcting, and reviewing journals - Creating, importing, and posting journals - Approval workflows and rules |
| Topic 5: Integration and Security | 8% | - Data access and security policies - Integration with Subledger Accounting - Accounting Hub and third-party integration |
| Topic 6: Financial Reporting and Inquiry | 12% | - Financial Reporting Center and OTBI - Balances and transaction inquiry - Account Monitor and Account Inspector - Reporting tools and integration options |
| Topic 7: Period Close and Reconciliation | 15% | - Trial balance and period-end adjustments - Reconciliation with subledgers - Opening and closing accounting periods - Period close process and monitor |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?
A) setting notification thresholds in the Account Monitor view
B) running a trial balance report to reconcile books
C) moving the cursor over projected balances displays the impact a journal will have on accounts
D) getting more detail on a balance by clicking the Show More button
2. Where do end users modify preferences, such as time zone, delivery devices and delivery profile?
A) My Account dialog box
B) My Dashboard page
C) My Reports
D) My Agents
E) My Scorecards
3. To update an intercompany calendar, the calendar status must be in a(n)__________.
A) Pending Close Period
B) Newer Open or Closed Period
C) Open Period
D) Final Closed Period
4. Choose the Oracle application that will automatically update the chart of accounts values and Hierarchies across multiple Oracle E-Business Suite and Oracle Fusion instances through a single application.
A) Oracle Business Intelligence Enterprise Edition
B) Oracle Fusion General Ledger Suite
C) Oracle Hyperion Data Relationship Management
D) Oracle Fusion Accounting Hub
5. Which task is NOT allowed when spreading data for time periods in Microsoft Excel?
A) spreading the value of a summary time period to its base time periods or to the first parent or first child of the parent time period
B) temporarily locking the values of certain cells while spreading data over time periods
C) spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none
D) spreading values among children and parents proportionally, based on existing distribution
E) spreading data in a summary time period that includes members and mixed currency types
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: E |
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