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Oracle 1Z0-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Recurring Journals
- Journal Import and Posting
- Manual Journal Entries
Topic 2: General Ledger Overview- Chart of Accounts Structure
- Oracle Fusion General Ledger Architecture
- Ledger Concepts and Configuration
Topic 3: Multi-Currency and Consolidation- Intercompany Accounting
- Financial Consolidation Concepts
- Currency Translation
Topic 4: Reporting and Inquiry- Account Analysis and Inquiry Tools
- Financial Reporting Center
- Financial Statements Generation
Topic 5: Period Close Process- Period Open and Close Activities
- Reconciliations and Adjustments
- Financial Close Workflow
Topic 6: Accounting Setup and Configuration- Ledger and Currency Setup
- Accounting Calendar Setup
- Subledger Accounting Configuration

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify the two items that the intercompany Reconciliation reports display.

A) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction
B) ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance
C) intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
D) clearing company balance lines


2. Transaction objects in Fusion Accounting Hub are associated to_____________.

A) Journal Line Types
B) Event Classes
C) Event Types
D) Event Entities


3. Oracle Business Intelligence Enterprise Edition available through iPhone and iPad devices. Which three BI EE object content are visible through a mobile device?

A) Scorecard, including analytic actions
B) Briefing book, limited to alerts visible in the Alerts list
C) Tables, excluding drilling
D) Action
E) Analysis, including analytic actions


4. There is a performance issue with new account hierarchies. Which setting would you update to improve performance?

A) Column set
B) ADF Business component View Objects
C) Row set
D) Parent Child Relationship


5. Select the key performance indicator (KPI) that provides a trend of the cost of an item as part of Gross Margin Analysis

A) Gross Margins KPI
B) Item Cost KPI
C) Inventory Value KPI
D) Value Trends KPI


Solutions:

Question # 1
Answer: A,C
Question # 2
Answer: B
Question # 3
Answer: A,D,E
Question # 4
Answer: B
Question # 5
Answer: B

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