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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Security and Access Control | - Role-based access control - Ledger security rules |
| Topic 2: Reporting | - Standard and ad-hoc reporting - Financial statements generation |
| Topic 3: Ledger and Accounting Processes | - Period close process - Posting journals to ledger - Accounting calendar periods |
| Topic 4: Journal Processing | - Journal approval workflows - Creating and managing journals - Recurring journals and allocations |
| Topic 5: General Ledger Setup | - Ledger configuration and setup - Chart of Accounts structure - Currency and calendar setup |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Which attribute does NOT need to be considered when creating intercompany transaction?
A) Default Organization contact
B) Receivables and Payables Business Units
C) Legal Entity
D) Default Transaction Type
2. An invoice with two lines is entered, later that day an adjustment is made to the invoice to add another line. At the end of the day, the invoice is sent to the Fusion Accounting Hub. How many events would you create?
A) Twoevents: one for invoice creation and one for the adjustment
B) Oneeventforinvoice creation; adjustment happened before transaction sent to the Fusion Accounting Hub
C) Fourevents: one for invoice creation, one each for the two lines arid one for the adjustment
D) Threeevents: one for invoice creation and two for line creation
3. Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?
A) Run Trial Balance.
B) Run the Journals- (132 Char) Report.
C) View the Projected Balances Region on the Create Journal page
D) View the Account Inquiry window
4. Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported into financial Reporting.
A) Snapshot Reports (*.rpt)
B) Books. (*.kbk)
C) Impact Manage Transformation Scripts (*. Js)
D) Dynamic Report (* .des)
5. Choose four applications for which SmartView provides a common Microsoft Office interface.
A) Oracle Hyperion Planning, Fusion Edition
B) Oracle Business Intelligence Enterprise Edition
C) Oracle E-Business Suite Release 11g
D) Oracle Essbase
E) Oracle Enterprise Performance Management Workspace, Fusion Edition
F) Oracle Hyperion Financial Management, Fusion Edition
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A,B | Question # 5 Answer: A,B,E,F |
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