Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Chart of Accounts Configuration | 20% | - Cross-validation and segment validation rules - Value sets, segments, and hierarchies - Designing and defining chart of accounts structure - Account combinations and security rules |
| Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Account Monitor and Account Inspector - Balances and transaction inquiry - Financial Reporting Center and OTBI |
| 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 |
| Period Close and Reconciliation | 15% | - Opening and closing accounting periods - Reconciliation with subledgers - Period close process and monitor - Trial balance and period-end adjustments |
| Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Currency configuration and daily rates - Translation and consolidation processes - Intercompany transactions and reconciliation |
| Journal Entries and Processing | 20% | - Creating, importing, and posting journals - Allocation and periodic entries - Reversing, correcting, and reviewing journals - Approval workflows and rules |
| Integration and Security | 8% | - Integration with Subledger Accounting - Data access and security policies - Accounting Hub and third-party integration |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Identify the set up that needs to be completed before you can use cubes.
- A. Ledger
- B. FSG
- C. Microsoft Office
- D. Report Builder
Correct Answer: A 🗳️
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What is the primary source of data that is used for the Financial Reporting Center?
- A. transaction tables
- B. the Code Combinations table
- C. defined dimensions for journals
- D. data from the balances cubes and dimensions contained in the chart of account segments
Correct Answer: D 🗳️
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Account Rules are specific to ____________.
- A. Accounting methods
- B. Journal Rule sets
- C. Subledger application
- D. Event Types
- E. Event Classes
Correct Answer: C 🗳️
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Which view do you use to set parameters and define the data that is displayed in the SmartView report.
- A. Point of View
- B. SmartCube
- C. SmrtView
- D. SmartSlice
Correct Answer: D 🗳️
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During implementation, the consultant designated the cost center segment qualifier as the natural account segment qualifier. Select the process that enables you to change the qualifier back.
- A. Run the Move/Merge program.
- B. Createa new Chart of Accounts.
- C. Run the Inheritance program after the change.
- D. Change and save the segment qualifier.
Correct Answer: D 🗳️
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