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Oracle 1Z0-508 Exam Syllabus Topics:

SectionWeightObjectives
Financial Reporting and Inquiry12%- Balances and transaction inquiry
- Account Monitor and Account Inspector
- Financial Reporting Center and OTBI
- Reporting tools and integration options
Chart of Accounts Configuration20%- Designing and defining chart of accounts structure
- Account combinations and security rules
- Value sets, segments, and hierarchies
- Cross-validation and segment validation rules
Journal Entries and Processing20%- Creating, importing, and posting journals
- Reversing, correcting, and reviewing journals
- Allocation and periodic entries
- Approval workflows and rules
Period Close and Reconciliation15%- Opening and closing accounting periods
- Period close process and monitor
- Reconciliation with subledgers
- Trial balance and period-end adjustments
Multi-Currency and Intercompany Accounting15%- Intercompany transactions and reconciliation
- Foreign currency transactions and revaluation
- Translation and consolidation processes
- Currency configuration and daily rates
Overview of Oracle Fusion Financials and General Ledger10%- Key features and benefits of Fusion General Ledger
- Fusion Financials architecture and deployment options
- General Ledger role within the financial ecosystem
Integration and Security8%- Data access and security policies
- Accounting Hub and third-party integration
- Integration with Subledger Accounting

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance ____________.

  • A. By both legal and balancing segments values
  • B. By primary balancing segment values only
  • C. By account values
  • D. By legal entity only
Answer: B

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Oracle Business Intelligence Enterprise Edition available through iPhone and iPad devices. Which three BI EE object content are visible through a mobile device?

  • A. Briefing book, limited to alerts visible in the Alerts list
  • B. Tables, excluding drilling
  • C. Action
  • D. Analysis, including analytic actions
  • E. Scorecard, including analytic actions
Answer: C,D,E

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Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.

  • A. data modeling
  • B. Chart of Accounts Master Data maintenance
  • C. data access and security
  • D. the maintenance of Trading Community Data
  • E. Chart of Accounts Hierarchy maintenance
Answer: B

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If you change the status of a tree structure, the status of the trees and tree versions associated with structure also change. Which three statuses apply to the tree structure?

  • A. Draft
  • B. Future
  • C. Active
  • D. Pending
  • E. Inactive
Answer: A,C,E

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A client is implementing Fusion Accounting Hub for their external receivable system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification Information. The client wants the accounting amounts to be tracked by customer classification, but NOT necessarily in a Chart of Accounts segment. How can this be solved?

  • A. Change the Chart of Accounts structure to include customer classification; there is no other option.
  • B. Use Open account balances listing.
  • C. Use the Third Party control account feature.
  • D. Capture it as a source and develop custom report.
  • E. Use supporting references to capture customer classification.
Answer: E

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