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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

A) Define intercompany transactions.
B) Manage intercompany transactions.
C) Edit intercompany transactions.
D) Enter intercompany transactions.


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

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


3. How can you restrict access to dashboards, dashboard pages, and other presentation catalog objects?

A) Use membership controls to limit user access.
B) Use the security filter.
C) Assign object security to predefined groups.
D) Create a custom dashboard In Oracle Business Intelligence Enterprise Edition (OBIEE).


4. Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

A) Currency Ledgers
B) Level ledger update
C) Single Ledger
D) Debit ledgers
E) Ledger Set
F) Related ledgers


5. In Oracle Fusion, you can NOT edit the period after it is set to ____________.

A) Closed
B) Pending Closed
C) Open
D) Open or Enterable


Solutions:

Question # 1
Answer: B
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: A,C,E
Question # 5
Answer: A

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