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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Recurring Journals - Manual Journal Entries - Journal Import and Posting |
| Topic 2: Multi-Currency and Consolidation | - Financial Consolidation Concepts - Currency Translation - Intercompany Accounting |
| Topic 3: Accounting Setup and Configuration | - Ledger and Currency Setup - Accounting Calendar Setup - Subledger Accounting Configuration |
| Topic 4: Reporting and Inquiry | - Financial Statements Generation - Financial Reporting Center - Account Analysis and Inquiry Tools |
| Topic 5: Period Close Process | - Financial Close Workflow - Period Open and Close Activities - Reconciliations and Adjustments |
| Topic 6: General Ledger Overview | - Ledger Concepts and Configuration - Chart of Accounts Structure - Oracle Fusion General Ledger Architecture |
Oracle Fusion Financials 11g General Ledger Essentials: Frequently Asked Questions
The 1Z0-508 exam leads to the Oracle Fusion Financials 11g General Ledger Essentials certification from Oracle. The exam validates the knowledge and skills expected of candidates preparing for Oracle Fusion Financials 11g General Ledger Essentials.
Related certifications include:
- Oracle Fusion Financials Cloud Certification
- Oracle Financials Cloud: General Ledger
Recommended knowledge of accounting principles and Oracle Fusion Financials fundamentals.
Eligibility rules can change, so confirm the current requirements on the official exam page before registering.
You can register through the official channels listed below:
The available exam delivery method is Computer-based exam delivered via Pearson VUE or Oracle testing platform (availability may vary by region)..
The official training options include:
After reviewing the recommended training, reinforce what you learned with Real4Prep's 127 practice questions for 1Z0-508.
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The current 1Z0-508 outline is organized into 6 top-level domains. The first listed areas include:
- General Ledger Overview
- Multi-Currency and Consolidation
- Journal Processing
Review the Exam Topics section above for the complete outline and any nested subtopics.
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
When configuring the allocation and periodic entries, which three tasks must be completed before generating the entries?
- A. The journal balances for the allocation or periodic rules are entered and posted in the proper period.
- B. The period is set to Open, Never Open or Future Enterable.
- C. The period is set to Closed, Never Open or Future Enterable.
- D. The period is set to Open or Future Enterable
- E. The rules or rules sets have been defined, validated and deployed successfully from the Allocation Manager.
Correct Answer: A,D,E 🗳️
Explanation: Only visible for Real4Prep members. You can sign-up / login (it's free).
Oracle Fusion Accounting Hub is integrated with Oracle Hyperion Data Relationship Management Fusion Edition. What are two primary purposes of this functionality?
- A. a master data management solution for creating and maintaining hierarchies across an enterprise
- B. stores the identifier for the transaction in the transaction table
- C. ability to maintain charts of accounts values and hierarchies in one central location
- D. ability to download very large amounts of data
- E. accurately reflects the accounting rules
Correct Answer: A,C 🗳️
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What metric values are available on the General Ledger Dashboard?
- A. Price Yield, Win-Loss Ratio, Campaign Performance
- B. Schedule Compliance, Target Attainment, Service Level
- C. Cost of Goods Sold, Return on Equity
- D. Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
Correct Answer: D 🗳️
To update an intercompany calendar, the calendar status must be in a(n)__________.
- A. Newer Open or Closed Period
- B. Open Period
- C. Final Closed Period
- D. Pending Close Period
Correct Answer: A 🗳️
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You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.
- A. Run the Program - Optimizer.
- B. Run the import Chart of Account Segment Values.
- C. Run the chart of Accounts - Account Hierarchy.
- D. Automatically create or modify the cube in Essbase.
Correct Answer: C 🗳️
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