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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Inquiry | - Account Analysis and Inquiry Tools - Financial Statements Generation - Financial Reporting Center |
| Topic 2: Accounting Setup and Configuration | - Ledger and Currency Setup - Subledger Accounting Configuration - Accounting Calendar Setup |
| Topic 3: Period Close Process | - Reconciliations and Adjustments - Period Open and Close Activities - Financial Close Workflow |
| Topic 4: Journal Processing | - Journal Import and Posting - Manual Journal Entries - Recurring Journals |
| Topic 5: Multi-Currency and Consolidation | - Intercompany Accounting - Financial Consolidation Concepts - Currency Translation |
| Topic 6: General Ledger Overview | - Oracle Fusion General Ledger Architecture - Chart of Accounts Structure - Ledger Concepts and Configuration |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Question 1
A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?
A. Create reusable objects and row and column templates.
B. Use cell formulas to write efficient formulas rather than row or column formulas.
C. Use Function on expanded data segments that are NOT placed on separate rows or columns.
D. Use multiple data segments for formatting or calculating.
Question 2
During implementation, the consultant designated the cost center segment qualifier as the natural account segment qualifier. Select the process that enables you to change the qualifier back.
A. Run the Move/Merge program.
B. Createa new Chart of Accounts.
C. Run the Inheritance program after the change.
D. Change and save the segment qualifier.
Question 3
The Link Journal Lines option in a Journal Line Rule is set to "Copy from Corresponding Line."
What would this do?
A. copies the accounting dale from a previous journal
B. builds account for a journal line using segments from the offsetting entry of the current journal line
C. copies from a previous journal line
D. copies the accounted amount from a previous journal
E. copies the description from the debitline to the credit line
Question 4
Which method will reverse accruals in the next accounting period?
A. Create two events, one for accrual and another for the reversal.
B. Create one event and use the GL functionality to perform the reversal.
C. Create one entry and use Accrual Reversal GL Date.
D. Create one event and use the Accounting Reversal attribute.
Question 5
Why would an end user use BI Composer?
A. To export report, KPI and analysis prompt values and data as PDF, MHTML, XLS and CVS files.
B. To leverage a wizard to create, edit orview analyses outside of the Analysis Editor
C. To bundletheentire catalog, specific folders, or multi component objects for archiving
D. To restrict user access only to the data for which they are authorized
E. To set a specific set of dimension values
Solutions:
| Question 1 Answer: A,C | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: C | Question 5 Answer: B |
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