Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Instant Download Oracle : 1Z1-508
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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Chart of Accounts Configuration | 20% | - Designing and defining chart of accounts structure - Account combinations and security rules - Cross-validation and segment validation rules - Value sets, segments, and hierarchies |
| Topic 2: Financial Reporting and Inquiry | 12% | - Balances and transaction inquiry - Account Monitor and Account Inspector - Reporting tools and integration options - Financial Reporting Center and OTBI |
| Topic 3: 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 4: Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Opening and closing accounting periods - Trial balance and period-end adjustments - Period close process and monitor |
| Topic 5: Integration and Security | 8% | - Accounting Hub and third-party integration - Integration with Subledger Accounting - Data access and security policies |
| Topic 6: Overview of Oracle Fusion Financials and General Ledger | 10% | - General Ledger role within the financial ecosystem - Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger |
| Topic 7: Journal Entries and Processing | 20% | - Creating, importing, and posting journals - Allocation and periodic entries - Reversing, correcting, and reviewing journals - Approval workflows and rules |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported into financial Reporting.
A) Snapshot Reports (*.rpt)
B) Dynamic Report (* .des)
C) Books. (*.kbk)
D) Impact Manage Transformation Scripts (*. Js)
2. Oracle Business Intelligence Enterprise Edition is available through the iPhone and iPad devices. Which BI object content is NOT visible through a mobile device?
A) Briefing Book, limited to alert visible in the Alerts list
B) Dashboard Page, including analytic actions
C) Analysis, including analytic actions
D) Action
E) Scorecard, including analytic actions
3. With which two options can Mapping Sets validate input values?
A) Value Sets
B) Accounting Segment
C) Lookup Types
D) FlexFields
4. Which components are used to perform ETL and prebuilt ETL logic while setting up Oracle Business Intelligence Enterprise Edition?
A) Oracle BI Server and OLIP data source
B) Information PowerCenter Servicer, and Informatics Repository
C) Metadata Repository and BI Presentation Services Catalog
D) Oracle Business Analytics Warehouse and Oracle BI Presentation Services
E) Functional Setup Manager and Configuration Manager
5. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?
A) Application Development Framework Integration
B) Web ADI
C) SmartVIew
D) Financial Reporting studio
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: A | Question # 3 Answer: A,C | Question # 4 Answer: D | Question # 5 Answer: A |
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