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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Journal Import and Posting - Manual Journal Entries - Recurring Journals |
| Topic 2: General Ledger Overview | - Chart of Accounts Structure - Oracle Fusion General Ledger Architecture - Ledger Concepts and Configuration |
| Topic 3: Period Close Process | - Reconciliations and Adjustments - Period Open and Close Activities - Financial Close Workflow |
| Topic 4: Accounting Setup and Configuration | - Subledger Accounting Configuration - Accounting Calendar Setup - Ledger and Currency Setup |
| Topic 5: Multi-Currency and Consolidation | - Financial Consolidation Concepts - Currency Translation - Intercompany Accounting |
| Topic 6: Reporting and Inquiry | - Account Analysis and Inquiry Tools - Financial Reporting Center - Financial Statements Generation |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
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. Currency Code, Currency Name
- B. Currency Symbol, Currency Name
- C. Report Currency
- D. Global Currency (two common currencies), Document Currency,Local Currency
Correct Answer: D 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
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. accurately reflects the accounting rules
- C. stores the identifier for the transaction in the transaction table
- D. ability to download very large amounts of data
- E. ability to maintain charts of accounts values and hierarchies in one central location
Correct Answer: A,E 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance ____________.
- A. By both legal and balancing segments values
- B. By legal entity only
- C. By account values
- D. By primary balancing segment values only
Correct Answer: D 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
The Link Journal Lines option in a Journal Line Rule is set to "Copy from Corresponding Line."
What would this do?
- A. copies the accounted amount from a previous journal
- B. copies from a previous journal line
- C. copies the description from the debitline to the credit line
- D. copies the accounting dale from a previous journal
- E. builds account for a journal line using segments from the offsetting entry of the current journal line
Correct Answer: E 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
In Oracle Fusion Applications, a calendar can only have ___________.
- A. Multiple period frequencies and period types
- B. Oneperiod frequency and period type
- C. Multiple period frequencies
- D. Multiple period types
Correct Answer: B 🗳️
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