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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Multi-Currency and Intercompany Accounting | 15% | - Intercompany transactions and reconciliation - Translation and consolidation processes - Foreign currency transactions and revaluation - Currency configuration and daily rates |
| Journal Entries and Processing | 20% | - Creating, importing, and posting journals - Allocation and periodic entries - Reversing, correcting, and reviewing journals - Approval workflows and rules |
| Overview of Oracle Fusion Financials and General Ledger | 10% | - Fusion Financials architecture and deployment options - General Ledger role within the financial ecosystem - Key features and benefits of Fusion General Ledger |
| Chart of Accounts Configuration | 20% | - Value sets, segments, and hierarchies - Account combinations and security rules - Designing and defining chart of accounts structure - Cross-validation and segment validation rules |
| Period Close and Reconciliation | 15% | - Trial balance and period-end adjustments - Reconciliation with subledgers - Opening and closing accounting periods - Period close process and monitor |
| Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Financial Reporting Center and OTBI - Balances and transaction inquiry - Account Monitor and Account Inspector |
| Integration and Security | 8% | - Accounting Hub and third-party integration - Integration with Subledger Accounting - Data access and security policies |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. How do you represent the Chart of Account Segments in SmartView technology?
A) Dimensions
B) User POV
C) Grid POV
D) Members
2. Where can a multidimensional analysis of accounting balances be performed online?
A) Requisition Overview
B) Forecast and Actual versus Quota
C) Project Analytics
D) Revenue Influenced by Program
E) Account Monitor and Account Inspector
3. Identify the valid data source where key Figure Manager is used for Financial Reporting.
A) SAP BW
B) MSOLAP
C) Planning
D) Financial Management
E) EssBase
4. What are two reasons for using scorecards?
A) Dimension Pinnings
B) KPIs are represented hierarchically
C) Assessment Mappings
D) Gauges
E) an objective and its supporting child objectives
5. Choose the four steps required to create and use the chart of accounts.
A) Create Chart of Accounts Structure Instance.
B) Publish Account Hierarchies.
C) Create Value Set Values.
D) Create Value Sets.
E) Create Chart of Accounts Structure.
F) Create Account Hierarchies.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: E | Question # 3 Answer: A | Question # 4 Answer: B,E | Question # 5 Answer: C,D,E,F |
