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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Setup | - Chart of Accounts structure - Currency and calendar setup - Ledger configuration and setup |
| Topic 2: Security and Access Control | - Ledger security rules - Role-based access control |
| Topic 3: Ledger and Accounting Processes | - Posting journals to ledger - Period close process - Accounting calendar periods |
| Topic 4: Journal Processing | - Creating and managing journals - Recurring journals and allocations - Journal approval workflows |
| Topic 5: Reporting | - Financial statements generation - Standard and ad-hoc reporting |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. A user wants to enter a multiple currency journal in the General Ledger. What must the user do to see the conversion rate type, conversion date, and conversion rate columns?
A) At the Journal Header level, select a blank value in the currency field.
B) At the Journal line level, accept the default value in the currency field.
C) At the Journal Header level, accept the default value in the currency field.
D) At the Journal line level, select a blank value in the currency field.
2. To update an intercompany calendar, the calendar status must be in a(n)__________.
A) Final Closed Period
B) Open Period
C) Pending Close Period
D) Newer Open or Closed Period
3. Where do actions that are configured for execution in the Action Framework appear in Oracle Business intelligence Enterprise Edition?
A) In the Analysis, Dashboards, Agents, KPIs, and scorecard objectives sections (standard and mobile)
B) through OBIEE Mobile
C) In theMY Favorite region
D) In the Oracle BI EE Global Header section
4. You have created allocution and periodic journal entry definitions for several monthly entries. You are now ready to generate allocation entries. Which task must be completed before generating the allocation and periodic entries?
A) Define, validate and deploy the rules or rule sets successfully from Allocation Manager.
B) Manually set the last day of the submission period as the Accounting Date and Calculation effective Date.
C) Enter and post the journal balances for Mass Allocation in the Close period.
D) Set the period to Close or Open.
5. What metric values are available on the General Ledger Dashboard?
A) Price Yield, Win-Loss Ratio, Campaign Performance
B) Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
C) Cost of Goods Sold, Return on Equity
D) Schedule Compliance, Target Attainment, Service Level
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |
