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Oracle 1Z0-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question 1

Identify the valid data source where key Figure Manager is used for Financial Reporting.

A. MSOLAP
B. EssBase
C. Planning
D. Financial Management
E. SAP BW


Question 2

What can be used to restrict the events selected for accounting when users submit the Accounting Process?

A. Process Category
B. EventClasses
C. Journal Line Types
D. Event Types
E. Batch Name


Question 3

Which three types of objects can be created in Allocation Manager?

A. Rules that contain components, such as points of view, formulas, and templates
B. Journal formulas grouped together and executed sequentially to update account balances step by step
C. Complex computations based on different variables to automatically calculate allocated amounts.
D. Rule Sets that contain sets of rules that can be calculated sequentially
E. components that contain formulas, points of view, or allocation Objects


Question 4

What are the key performance metrics for Oracle Fusion Financials?

A. Expenses, Revenue, Balance Sheet, Cash Flow, Budget versus Actual, Asset Usage, Liquidity, Financial Structure and GL Balance
B. Project Performance, Financial Management, Budget Details and Cost Details
C. Spend by Category, Spend by Supplier, Spend by Organization and Item Detail
D. Pipelinefunnel. Opportunity Details, Forecast and Actual versus Quota and Forecast versus Pipeline
E. Requisitions. Vacancy Analysis, Recruitment Pipeline and Offer Analysis


Question 5

Where do end users modify preferences, such as time zone, delivery devices and delivery profile?

A. My Agents
B. My Scorecards
C. My Dashboard page
D. My Reports
E. My Account dialog box


Solutions:

Question 1
Answer: E
Question 2
Answer: A
Question 3
Answer: A
Question 4
Answer: A
Question 5
Answer: E

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