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Oracle 1Z0-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: Ledger and Accounting Processes- Period close process
- Posting journals to ledger
- Accounting calendar periods
Topic 2: Security and Access Control- Ledger security rules
- Role-based access control
Topic 3: Reporting- Standard and ad-hoc reporting
- Financial statements generation
Topic 4: Journal Processing- Recurring journals and allocations
- Journal approval workflows
- Creating and managing journals
Topic 5: General Ledger Setup- Currency and calendar setup
- Ledger configuration and setup
- Chart of Accounts structure

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

A Client has a sales region the East coast and one on the West coast. The East coast sales region wants data analyzed for only their region.
Which tool should be used?

  • A. Web ADI
  • B. SmartCube
  • C. SmartView
  • D. SmartSlice
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Which three rule types are used to build an account rule?

  • A. Account Combination
  • B. Segment
  • C. Value Set
  • D. Mapping Set
  • E. System Transaction Identifiers
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

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XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.

  • A. Hierarchy between functional divisions only
  • B. Hierarchy between departments only
  • C. Hierarchy between the organization and its departments, and between the departments and their respective functional divisions
  • D. hierarchy between the organization and its departments and functional divisions only
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Identify the SmartView Ribbon command that is used to display levels in the Member hierarchy.

  • A. Drill Through
  • B. Zoom in and Zoom out
  • C. Query
  • D. Cascade
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Which task enables you to define the legal entities that are classified as intercompany organizations?

  • A. Edit intercompany transactions.
  • B. Enter intercompany transactions.
  • C. Define intercompany transactions.
  • D. Manage intercompany transactions.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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