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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Accounting Setup and Configuration | - Ledger and Currency Setup - Subledger Accounting Configuration - Accounting Calendar Setup |
| Journal Processing | - Manual Journal Entries - Journal Import and Posting - Recurring Journals |
| Period Close Process | - Financial Close Workflow - Reconciliations and Adjustments - Period Open and Close Activities |
| Reporting and Inquiry | - Financial Statements Generation - Financial Reporting Center - Account Analysis and Inquiry Tools |
| General Ledger Overview | - Ledger Concepts and Configuration - Chart of Accounts Structure - Oracle Fusion General Ledger Architecture |
| Multi-Currency and Consolidation | - Financial Consolidation Concepts - Currency Translation - Intercompany Accounting |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Question 1
In Oracle Fusion, you can define more complex structure and multiple rules between pairs of____________.
A. Ledgers only
B. Legal Entities only
C. Primary Segments only
D. Ledger, Legal Entities, or Primary Segments
Question 2
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 types
D. Multiple period frequencies
Question 3
When you use allocations, revaluation, or translation to define and maintain your period close component, which three tasks should you perform under the Define Period Close Components parent task in your implementation project?
A. Manage Revaluations.
B. Manage Historical Rates.
C. Manage General Accounting Dashboard.
D. Manage Allocations and Period Entries.
E. Manage intercompany Settlements.
Question 4
How do you identify errors in the accounting calendar?
A. A calendar with errors can NOT be saved.
B. Run the Transaction Calendar Concurrent Process.
C. An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
D. Run the Create Accounting Process.
Question 5
Which three actions can you perform on subledger journal entities?
A. Incomplete
B. Finish
C. Reverse
D. Duplicate
E. Complete
F. Close
Solutions:
| Question 1 Answer: B | Question 2 Answer: B | Question 3 Answer: A,B,D | Question 4 Answer: A | Question 5 Answer: C,E,F |
