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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Security and Access Control | - Ledger security rules - Role-based access control |
| Topic 2: General Ledger Setup | - Chart of Accounts structure - Currency and calendar setup - Ledger configuration and setup |
| Topic 3: Ledger and Accounting Processes | - Accounting calendar periods - Posting journals to ledger - Period close process |
| Topic 4: Reporting | - Financial statements generation - Standard and ad-hoc reporting |
| Topic 5: Journal Processing | - Journal approval workflows - Creating and managing journals - Recurring journals and allocations |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Which attribute does NOT need to be considered when creating intercompany transaction?
A) Default Transaction Type
B) Default Organization contact
C) Receivables and Payables Business Units
D) Legal Entity
2. Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?
A) Analyzer
B) My folders
C) Shared Folders
D) My Report
E) Catalog
3. Journal approval in Oracle Fusion Applications uses Oracle Fusion Approvals Management (AMX) to build approvals. Which AMX builder method is most effective when the General Accountant enters the journals for approval?
A) Human Resources (HK) Supervisory
B) Approval Group
C) Position
D) Job level
4. Where can a multidimensional analysis of accounting balances be performed online?
A) Revenue Influenced by Program
B) Project Analytics
C) Requisition Overview
D) Forecast and Actual versus Quota
E) Account Monitor and Account Inspector
5. What are the key performance metrics for Oracle Fusion Financials?
A) Pipelinefunnel. Opportunity Details, Forecast and Actual versus Quota and Forecast versus Pipeline
B) Requisitions. Vacancy Analysis, Recruitment Pipeline and Offer Analysis
C) Spend by Category, Spend by Supplier, Spend by Organization and Item Detail
D) Project Performance, Financial Management, Budget Details and Cost Details
E) Expenses, Revenue, Balance Sheet, Cash Flow, Budget versus Actual, Asset Usage, Liquidity, Financial Structure and GL Balance
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B,C | Question # 3 Answer: A | Question # 4 Answer: E | Question # 5 Answer: E |
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