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Oracle 1Z0-508 Exam Syllabus Topics:

SectionWeightObjectives
Integration and Security8%- Data access and security policies
- Accounting Hub and third-party integration
- Integration with Subledger Accounting
Overview of Oracle Fusion Financials and General Ledger10%- 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 Accounting15%- Foreign currency transactions and revaluation
- Translation and consolidation processes
- Intercompany transactions and reconciliation
- Currency configuration and daily rates
Financial Reporting and Inquiry12%- Balances and transaction inquiry
- Reporting tools and integration options
- Financial Reporting Center and OTBI
- Account Monitor and Account Inspector
Chart of Accounts Configuration20%- Designing and defining chart of accounts structure
- Cross-validation and segment validation rules
- Account combinations and security rules
- Value sets, segments, and hierarchies
Period Close and Reconciliation15%- Opening and closing accounting periods
- Reconciliation with subledgers
- Period close process and monitor
- Trial balance and period-end adjustments
Journal Entries and Processing20%- Reversing, correcting, and reviewing journals
- Creating, importing, and posting journals
- Allocation and periodic entries
- Approval workflows and rules

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

Which keyboard shortcut is used to navigate to Focus Annotations Area Control?

  • A. Ctrl + G
  • B. Ctrl + B
  • C. Ctrl+ L
  • D. Ctrl + Y
  • E. Ctrl + F
Answer: B

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

Question #2

Select the appropriate financial Reporting Center functionality that helps users to view, input, manipulate, distribute and share data from the General Ledger balances to Microsoft Excel.

  • A. Financial Reporting Studio
  • B. Smart View
  • C. Account Monitor and Account Inspector
  • D. Financial Reporting Workspace
Answer: B

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

Question #3

What metric values are available on the General Ledger Dashboard?

  • A. Schedule Compliance, Target Attainment, Service Level
  • B. Cost of Goods Sold, Return on Equity
  • C. Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
  • D. Price Yield, Win-Loss Ratio, Campaign Performance
Answer: C
Question #4

The lowest level of granularity at which a journal entry rule set can be assigned is_____________.

  • A. Event Entities
  • B. Journal line Rules
  • C. Event Types
  • D. Event Classes
  • E. Events
Answer: D

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

Question #5

Which view do you use to set parameters and define the data that is displayed in the SmartView report.

  • A. SmartCube
  • B. SmrtView
  • C. SmartSlice
  • D. Point of View
Answer: C

Explanation: Only visible for Prep4King members. You can sign-up / login (it's free).

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