We're so confident of our products that we provide no hassle product exchange.
Oracle 1Z0-508 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Financials 11g General Ledger Essentials |
| Exam Number: | 1Z0-508 |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Select |
| Passing Score: | 60% |
| Real Exam Qty: | 70 |
| Certificate Validity Period: | 18 months |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Fusion Financials 11g Implementation Specialist |
| Exam Price: | $245 USD |
| Recommended Training: | Oracle Fusion Financials 11g General Ledger Fundamentals Oracle Fusion Financials Training Path |
| Exam Registration: | Pearson VUE Oracle Exam Registration Oracle University Registration |
| Sample Questions: | Oracle 1Z0-508 Sample Questions |
| Exam Way: | Online proctored or at authorized Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience with Oracle Fusion Financials 11g and basic financial accounting knowledge |
| Official Syllabus URL: | https://education.oracle.com/oracle-fusion-financials-11g-general-ledger-essentials/trackp_1Z0-508 |
Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Chart of Accounts Configuration | 20% | - Designing and defining chart of accounts structure - Value sets, segments, and hierarchies - Cross-validation and segment validation rules - Account combinations and security rules |
| Topic 2: Overview of Oracle Fusion Financials and General Ledger | 10% | - Key features and benefits of Fusion General Ledger - Fusion Financials architecture and deployment options - General Ledger role within the financial ecosystem |
| Topic 3: Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Account Monitor and Account Inspector - Balances and transaction inquiry - Financial Reporting Center and OTBI |
| Topic 4: Journal Entries and Processing | 20% | - Creating, importing, and posting journals - Allocation and periodic entries - Reversing, correcting, and reviewing journals - Approval workflows and rules |
| Topic 5: Integration and Security | 8% | - Accounting Hub and third-party integration - Integration with Subledger Accounting - Data access and security policies |
| Topic 6: Period Close and Reconciliation | 15% | - Opening and closing accounting periods - Period close process and monitor - Trial balance and period-end adjustments - Reconciliation with subledgers |
| Topic 7: Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Translation and consolidation processes - Intercompany transactions and reconciliation - Currency configuration and daily rates |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Where do you perform real-time, ad hoc queries from a data warehouse?
A) Account Monitory and Account Inspector
B) Oracle Transaction Business Intelligence
C) General Accounting and Journals dashboards
D) Oracle Business Intelligence Analytics
2. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.
A) specify the chart of accounts intercompany payables only
B) specify the chart of account intercompany receivables only
C) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
D) specify the chart of account intercompany receivables and intercompany payables accounts
3. At which two levels do you need to enable the approval process you start defining it?
A) Ledger
B) Source
C) Journal
D) Category
4. 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) Change and save the segment qualifier.
B) Createa new Chart of Accounts.
C) Run the Move/Merge program.
D) Run the Inheritance program after the change.
5. A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?
A) Use multiple data segments for formatting or calculating.
B) Create reusable objects and row and column templates.
C) Use cell formulas to write efficient formulas rather than row or column formulas.
D) Use Function on expanded data segments that are NOT placed on separate rows or columns.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A,C | Question # 4 Answer: A | Question # 5 Answer: B,D |
By Armand
