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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Which three actions can you perform on subledger journal entities?

  • A. Complete
  • B. Close
  • C. Incomplete
  • D. Duplicate
  • E. Finish
  • F. Reverse
Answer: A,B,F

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To update the intercompany calendar to use a different general ledger accounting calendar, the intercompany period status for all intercompany transaction types must be____________.

  • A. Open
  • B. Either Open or Closed
  • C. Closed
  • D. Never Opened or Closed
Answer: D

Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).

Transactions may involve multiple currencies that require a common currency to make the reports meaningful. What are the amounts Oracle Business Analytics Warehouse uses to store currency?

  • A. Report Currency
  • B. Global Currency (two common currencies), Document Currency,Local Currency
  • C. Currency Symbol, Currency Name
  • D. Currency Code, Currency Name
Answer: B

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Choose four applications for which SmartView provides a common Microsoft Office interface.

  • A. Oracle Hyperion Financial Management, Fusion Edition
  • B. Oracle Business Intelligence Enterprise Edition
  • C. Oracle Essbase
  • D. Oracle Hyperion Planning, Fusion Edition
  • E. Oracle E-Business Suite Release 11g
  • F. Oracle Enterprise Performance Management Workspace, Fusion Edition
Answer: A,B,D,F

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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

Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).

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