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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Multi-Currency and Intercompany Accounting | 15% | - Currency configuration and daily rates - Foreign currency transactions and revaluation - Translation and consolidation processes - Intercompany transactions and reconciliation |
| Period Close and Reconciliation | 15% | - Reconciliation with subledgers - Trial balance and period-end adjustments - Opening and closing accounting periods - Period close process and monitor |
| Integration and Security | 8% | - Integration with Subledger Accounting - Data access and security policies - Accounting Hub and third-party integration |
| Chart of Accounts Configuration | 20% | - Cross-validation and segment validation rules - Designing and defining chart of accounts structure - Account combinations and security rules - Value sets, segments, and hierarchies |
| Journal Entries and Processing | 20% | - Approval workflows and rules - Reversing, correcting, and reviewing journals - Creating, importing, and posting journals - Allocation and periodic entries |
| Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Account Monitor and Account Inspector - Balances and transaction inquiry - Financial Reporting Center and OTBI |
| Overview of Oracle Fusion Financials and General Ledger | 10% | - Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger - General Ledger role within the financial ecosystem |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Transaction objects in Fusion Accounting Hub are associated to_____________.
- A. Event Classes
- B. Event Types
- C. Event Entities
- D. Journal Line Types
Correct Answer: A 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
Identify the step that is NOT correct about implementing Fusion Accounting Hub to integrate with an external system.
- A. Enable external system to create Journal entries.
- B. Analyze external system transactions.
- C. Capture accounting events.
- D. Determine the accounting impact of transactions.
Correct Answer: A 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
Choose the four steps required to create and use the chart of accounts.
- A. Create Account Hierarchies.
- B. Create Chart of Accounts Structure Instance.
- C. Create Value Sets.
- D. Create Chart of Accounts Structure.
- E. Create Value Set Values.
- F. Publish Account Hierarchies.
Correct Answer: A,C,D,E 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
Identify three characters that can NOT be used with the FRExecute command.
- A. =
- B. &
- C. ;
- D. >
- E. (
Correct Answer: B,C,D 🗳️
Explanation: Only visible for Fast2test 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. ability to maintain charts of accounts values and hierarchies in one central location
- B. ability to download very large amounts of data
- C. stores the identifier for the transaction in the transaction table
- D. a master data management solution for creating and maintaining hierarchies across an enterprise
- E. accurately reflects the accounting rules
Correct Answer: A,D 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
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