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Oracle 1Z1-508 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Financials 11g General Ledger Essentials |
| Exam Number: | 1Z0-508 |
| Available Languages: | English |
| Related Certifications: | Oracle Fusion Financials Cloud Certification Oracle Financials Cloud: General Ledger |
| Recommended Training: | Oracle Learning Explorer |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Portal |
| Sample Questions: | Oracle 1Z1-508 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE or Oracle testing platform (availability may vary by region). |
| Pre Condition: | Recommended knowledge of accounting principles and Oracle Fusion Financials fundamentals. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Inquiry | - Financial Reporting Center - Account Analysis and Inquiry Tools - Financial Statements Generation |
| Topic 2: Journal Processing | - Journal Import and Posting - Manual Journal Entries - Recurring Journals |
| Topic 3: Accounting Setup and Configuration | - Ledger and Currency Setup - Subledger Accounting Configuration - Accounting Calendar Setup |
| Topic 4: General Ledger Overview | - Chart of Accounts Structure - Ledger Concepts and Configuration - Oracle Fusion General Ledger Architecture |
| Topic 5: Period Close Process | - Reconciliations and Adjustments - Financial Close Workflow - Period Open and Close Activities |
| Topic 6: Multi-Currency and Consolidation | - Currency Translation - Financial Consolidation Concepts - Intercompany Accounting |
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) a master data management solution for creating and maintaining hierarchies across an enterprise
B) stores the identifier for the transaction in the transaction table
C) ability to download very large amounts of data
D) ability to maintain charts of accounts values and hierarchies in one central location
E) accurately reflects the accounting rules
2. What is the most efficient way to add a new year to the accounting calendar?
A) The application automatically populates the next period.
B) Use the Add Year button.
C) Add the periods manually.
D) Run the Other - Calendar Validation Report.
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 description from the debitline to the credit line
B) builds account for a journal line using segments from the offsetting entry of the current journal line
C) copies the accounted amount from a previous journal
D) copies from a previous journal line
E) copies the accounting dale from a previous journal
4. XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.
A) Hierarchy between the organization and its departments, and between the departments and their respective functional divisions
B) Hierarchy between departments only
C) hierarchy between the organization and its departments and functional divisions only
D) Hierarchy between functional divisions only
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) Report Currency
B) Global Currency (two common currencies), Document Currency,Local Currency
C) Currency Code, Currency Name
D) Currency Symbol, Currency Name
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
By Ingemar
