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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials 11g General Ledger Essentials |
| Exam Number: | 1Z0-508 |
| Related Certifications: | Oracle Financials Cloud: General Ledger Oracle Fusion Financials Cloud Certification |
| Available Languages: | English |
| Recommended Training: | Oracle Learning Explorer |
| Exam Registration: | Oracle Certification Portal Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1Z1-508 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE or Oracle testing platform (availability may vary by region). |
| Pre Condition: | Recommended knowledge of accounting principles and Oracle Fusion Financials fundamentals. |
| Official Syllabus URL: | https://education.oracle.com |
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Recurring Journals - Journal Import and Posting - Manual Journal Entries |
| Topic 2: General Ledger Overview | - Ledger Concepts and Configuration - Chart of Accounts Structure - Oracle Fusion General Ledger Architecture |
| Topic 3: Multi-Currency and Consolidation | - Currency Translation - Intercompany Accounting - Financial Consolidation Concepts |
| Topic 4: Reporting and Inquiry | - Financial Statements Generation - Account Analysis and Inquiry Tools - Financial Reporting Center |
| Topic 5: Period Close Process | - Financial Close Workflow - Reconciliations and Adjustments - Period Open and Close Activities |
| Topic 6: Accounting Setup and Configuration | - Accounting Calendar Setup - Ledger and Currency Setup - Subledger Accounting Configuration |
Question 1
The General Ledger supervisor requested a schedule be created to AutoPost the subledger accounts different times. To accomplish this, the AutoPost criteria need to be set by__________.
A. Batch
B. Journal
C. Category
D. Source
Question 2
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. Global Currency (two common currencies), Document Currency,Local Currency
B. Currency Code, Currency Name
C. Currency Symbol, Currency Name
D. Report Currency
Question 3
Which view do you use to set parameters and define the data that is displayed in the SmartView report.
A. SmartCube
B. SmartSlice
C. Point of View
D. SmrtView
Question 4
Choose the two options that need to be enabled for Journal Approval.
A. Journal Source
B. Ledger level
C. Account
D. Batch level
Question 5
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 legal entity only
C. By primary balancing segment values only
D. By account values
Solutions:
| Question 1 Answer: B | Question 2 Answer: A | Question 3 Answer: B | Question 4 Answer: A,B | Question 5 Answer: C |
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