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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| 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 |
| Multi-Currency and Intercompany Accounting | 15% | - Translation and consolidation processes - Intercompany transactions and reconciliation - Currency configuration and daily rates - Foreign currency transactions and revaluation |
| Financial Reporting and Inquiry | 12% | - Account Monitor and Account Inspector - Balances and transaction inquiry - Reporting tools and integration options - Financial Reporting Center and OTBI |
| Journal Entries and Processing | 20% | - Reversing, correcting, and reviewing journals - Allocation and periodic entries - Approval workflows and rules - Creating, importing, and posting journals |
| Chart of Accounts Configuration | 20% | - Value sets, segments, and hierarchies - Account combinations and security rules - Cross-validation and segment validation rules - Designing and defining chart of accounts structure |
| Integration and Security | 8% | - Accounting Hub and third-party integration - Integration with Subledger Accounting - Data access and security policies |
| Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Trial balance and period-end adjustments - Period close process and monitor - Opening and closing accounting periods |
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) getting more detail on a balance by clicking the Show More button
C) running a trial balance report to reconcile books
D) moving the cursor over projected balances displays the impact a journal will have on accounts
2. What can be used to restrict the events selected for accounting when users submit the Accounting Process?
A) EventClasses
B) Process Category
C) Batch Name
D) Event Types
E) Journal Line Types
3. With which two options can Mapping Sets validate input values?
A) Accounting Segment
B) Value Sets
C) Lookup Types
D) FlexFields
4. There is a performance issue with new account hierarchies. Which setting would you update to improve performance?
A) ADF Business component View Objects
B) Parent Child Relationship
C) Row set
D) Column set
5. Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported into financial Reporting.
A) Dynamic Report (* .des)
B) Impact Manage Transformation Scripts (*. Js)
C) Books. (*.kbk)
D) Snapshot Reports (*.rpt)
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B,C | Question # 4 Answer: A | Question # 5 Answer: C,D |




