Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Creating and managing journals - Recurring journals and allocations - Journal approval workflows |
| Topic 2: Security and Access Control | - Ledger security rules - Role-based access control |
| Topic 3: Ledger and Accounting Processes | - Posting journals to ledger - Accounting calendar periods - Period close process |
| Topic 4: Reporting | - Financial statements generation - Standard and ad-hoc reporting |
| Topic 5: General Ledger Setup | - Ledger configuration and setup - Currency and calendar setup - Chart of Accounts structure |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Identify the two valid EPM Workspace features that designers incorporate into Books to enable viewers perform tasks.
- A. Email inks
- B. XML, HTML & PDF
- C. Prompt
- D. User POV
- E. Related Content
Correct Answer: C,D 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
Which task is NOT allowed when spreading data for time periods in Microsoft Excel?
- A. spreading the value of a summary time period to its base time periods or to the first parent or first child of the parent time period
- B. spreading data in a summary time period that includes members and mixed currency types
- C. spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none
- D. spreading values among children and parents proportionally, based on existing distribution
- E. temporarily locking the values of certain cells while spreading data over time periods
Correct Answer: B 🗳️
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The Profitability Dashboard providers visibility into a company's performance. Which indicator is via the Profitability Dashboard?
- A. Pipeline
- B. Recruitment
- C. Suppliers
- D. Budget
- E. Return on Equity
Correct Answer: E 🗳️
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Identify two valid points to be considered when configuring the workspace database connection.
- A. Cubes are created as part of ledger setup.
- B. Multiple cubes can be defined for each combination of the chart of accounts and the accounting calendar.
- C. Ledgersetup has to be completed after the database connection is created.
- D. An ODBC connection is always required.
- E. A database connection is needed for each cube.
Correct Answer: A,E 🗳️
Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).
The tables, of views, from which Create Accounting takes source data to use in rules and create entries are referred to as_________.
- A. Accounting attributes
- B. Event Classes
- C. Transaction Objects
- D. Mapping Sets
- E. Event Entities
Correct Answer: E 🗳️
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