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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounting Setup and Configuration | - Subledger Accounting Configuration - Ledger and Currency Setup - Accounting Calendar Setup |
| Journal Processing | - Recurring Journals - Journal Import and Posting - Manual Journal Entries |
| General Ledger Overview | - Chart of Accounts Structure - Ledger Concepts and Configuration - Oracle Fusion General Ledger Architecture |
| Reporting and Inquiry | - Financial Statements Generation - Financial Reporting Center - Account Analysis and Inquiry Tools |
| Multi-Currency and Consolidation | - Currency Translation - Financial Consolidation Concepts - Intercompany Accounting |
| Period Close Process | - Financial Close Workflow - Reconciliations and Adjustments - Period Open and Close Activities |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Which is an INCORRECT Function for Fusion intercompany?
A) You can use a simple setup in which you define one rule for your chart of accounts.
B) Intercompany enables you to have a more granular set of rules.
C) You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.
D) The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
2. Which report indicates if the accounting entries have been transferred to the Oracle Ledger when submitting the Create Accounting process?
A) Journals - (132 Char)
B) Trial Balance - Detail
C) Create Accounting execution Report
D) Create Accounting Report
3. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?
A) Application Development Framework Integration
B) SmartView
C) Web ADI
D) Financial Reporting Studio
4. Choose the three interfaces that integrate with SmartView to view, import, manipulate, distribute and share data.
A) Microsoft Notes
B) Microsoft PowerPoint
C) Microsoft Excel
D) Microsoft Access
E) Microsoft Word
5. Select the option that helps in sharing Account Rules across applications.
A) Same Chart of Accounts
B) Same Value Set validation
C) Transaction Objects
D) Reference Objects
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B,C,E | Question # 5 Answer: D |
