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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Period Close Process | - Period Open and Close Activities - Reconciliations and Adjustments - Financial Close Workflow |
| Topic 2: Journal Processing | - Manual Journal Entries - Recurring Journals - Journal Import and Posting |
| Topic 3: Accounting Setup and Configuration | - Ledger and Currency Setup - Subledger Accounting Configuration - Accounting Calendar Setup |
| Topic 4: Reporting and Inquiry | - Financial Statements Generation - Account Analysis and Inquiry Tools - Financial Reporting Center |
| Topic 5: General Ledger Overview | - Oracle Fusion General Ledger Architecture - Chart of Accounts Structure - Ledger Concepts and Configuration |
| Topic 6: Multi-Currency and Consolidation | - Intercompany Accounting - Currency Translation - Financial Consolidation Concepts |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Changing a Fusion Intercompany system option would______________.
A) take effect only on new transactions going forward
B) impact both new and transactions in progress
C) will be retroactive and include historical transactions
D) be effective on transactions in progress
E) take effect on new, existing, and transactions in progress
2. Which three objectives must be considered when designing the chart of accounts?
A) Provide less flexibility for management reporting and analysis.
B) Select the segment qualifiers.
C) Effectively manage an organization's financial business.
D) Anticipate growth and maintenance needs because organizational changes occur
E) Support the audit and control of financial transactions.
3. Oracle Business Intelligence Enterprise Edition is available through the iPhone and iPad devices. Which BI object content is NOT visible through a mobile device?
A) Analysis, including analytic actions
B) Action
C) Briefing Book, limited to alert visible in the Alerts list
D) Dashboard Page, including analytic actions
E) Scorecard, including analytic actions
4. The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?
A) Two
B) One
C) three
D) Four
5. Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?
A) Run Trial Balance.
B) Run the Journals- (132 Char) Report.
C) View the Projected Balances Region on the Create Journal page
D) View the Account Inquiry window
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C,D,E | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |
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