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Last Updated: Sep 09, 2026
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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Multi-Currency and Consolidation | - Currency Translation - Intercompany Accounting - Financial Consolidation Concepts |
| Topic 2: Period Close Process | - Period Open and Close Activities - Financial Close Workflow - Reconciliations and Adjustments |
| Topic 3: Journal Processing | - Recurring Journals - Manual Journal Entries - Journal Import and Posting |
| Topic 4: Reporting and Inquiry | - Financial Statements Generation - Financial Reporting Center - Account Analysis and Inquiry Tools |
| Topic 5: Accounting Setup and Configuration | - Accounting Calendar Setup - Subledger Accounting Configuration - Ledger and Currency Setup |
| Topic 6: General Ledger Overview | - Chart of Accounts Structure - Ledger Concepts and Configuration - Oracle Fusion General Ledger Architecture |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
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. SmartVIew
- C. Web ADI
- D. Financial Reporting studio
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A client is implementing Fusion Accounting Hub for their external receivable system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification Information. The client wants the accounting amounts to be tracked by customer classification, but NOT necessarily in a Chart of Accounts segment. How can this be solved?
- A. Use Open account balances listing.
- B. Change the Chart of Accounts structure to include customer classification; there is no other option.
- C. Use supporting references to capture customer classification.
- D. Capture it as a source and develop custom report.
- E. Use the Third Party control account feature.
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To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.
- A. specify the chart of account intercompany receivables only
- B. specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
- C. specify the chart of accounts intercompany payables only
- D. specify the chart of account intercompany receivables and intercompany payables accounts
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Where can a multidimensional analysis of accounting balances be performed online?
- A. Revenue Influenced by Program
- B. Forecast and Actual versus Quota
- C. Project Analytics
- D. Account Monitor and Account Inspector
- E. Requisition Overview
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Which task is NOT allowed when spreading data for time periods in Microsoft Excel?
- A. temporarily locking the values of certain cells while spreading data over time periods
- B. 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
- C. spreading values among children and parents proportionally, based on existing distribution
- D. spreading data in a summary time period that includes members and mixed currency types
- E. spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none
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