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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which three actions can you perform on subledger journal entities?

A) Finish
B) Reverse
C) Incomplete
D) Complete
E) Duplicate
F) Close


2. Choose the three interfaces that integrate with SmartView to view, import, manipulate, distribute and share data.

A) Microsoft Notes
B) Microsoft Access
C) Microsoft Word
D) Microsoft PowerPoint
E) Microsoft Excel


3. XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.

A) Hierarchy between the organization and its departments, and between the departments and their respective functional divisions
B) hierarchy between the organization and its departments and functional divisions only
C) Hierarchy between functional divisions only
D) Hierarchy between departments only


4. Which report indicates if the accounting entries have been transferred to the Oracle Ledger when submitting the Create Accounting process?

A) Journals - (132 Char)
B) Create Accounting execution Report
C) Create Accounting Report
D) Trial Balance - Detail


5. In Oracle Fusion, you can define more complex structure and multiple rules between pairs of____________.

A) Ledger, Legal Entities, or Primary Segments
B) Primary Segments only
C) Legal Entities only
D) Ledgers only


Solutions:

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

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