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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Multi-Currency and Consolidation | - Intercompany Accounting - Financial Consolidation Concepts - Currency Translation |
| Topic 2: Period Close Process | - Reconciliations and Adjustments - Financial Close Workflow - Period Open and Close Activities |
| Topic 3: Journal Processing | - Manual Journal Entries - Recurring Journals - Journal Import and Posting |
| Topic 4: Reporting and Inquiry | - Financial Statements Generation - Account Analysis and Inquiry Tools - Financial Reporting Center |
| Topic 5: General Ledger Overview | - Ledger Concepts and Configuration - Oracle Fusion General Ledger Architecture - Chart of Accounts Structure |
| Topic 6: Accounting Setup and Configuration | - Accounting Calendar Setup - Subledger Accounting Configuration - Ledger and Currency Setup |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Oracle Fusion Accounting Hub is integrated with Oracle Hyperion Data Relationship Management Fusion Edition. What are two primary purposes of this functionality?
A) ability to download very large amounts of data
B) ability to maintain charts of accounts values and hierarchies in one central location
C) a master data management solution for creating and maintaining hierarchies across an enterprise
D) stores the identifier for the transaction in the transaction table
E) accurately reflects the accounting rules
2. You have been given a task to update a calendar by adding a new period to it. What is the quickest way to perform this task?
A) Manually add the periods.
B) Use the Add Year button.
C) The application automatically populates the next period.
D) Run the Other - Calendar Validation Report.
3. Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?
A) getting more detail on a balance by clicking the Show More button
B) setting notification thresholds in the Account Monitor view
C) running a trial balance report to reconcile books
D) moving the cursor over projected balances displays the impact a journal will have on accounts
4. The lowest level of granularity at which a journal entry rule set can be assigned is_____________.
A) Event Types
B) Event Classes
C) Journal line Rules
D) Event Entities
E) Events
5. Transactions may involve multiple currencies that require a common currency to make the reports meaningful. What are the amounts Oracle Business Analytics Warehouse uses to store currency?
A) Global Currency (two common currencies), Document Currency,Local Currency
B) Currency Code, Currency Name
C) Report Currency
D) Currency Symbol, Currency Name
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A |
