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Oracle 1Z0-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. The lowest level of granularity at which a journal entry rule set can be assigned is_____________.

A) Event Entities
B) Event Classes
C) Journal line Rules
D) Events
E) Event Types


2. Journal approval in Oracle Fusion Applications uses Oracle Fusion Approvals Management (AMX) to build approvals. Which AMX builder method is most effective when the General Accountant enters the journals for approval?

A) Job level
B) Human Resources (HK) Supervisory
C) Approval Group
D) Position


3. Which components are used to perform ETL and prebuilt ETL logic while setting up Oracle Business Intelligence Enterprise Edition?

A) Information PowerCenter Servicer, and Informatics Repository
B) Oracle BI Server and OLIP data source
C) Functional Setup Manager and Configuration Manager
D) Oracle Business Analytics Warehouse and Oracle BI Presentation Services
E) Metadata Repository and BI Presentation Services Catalog


4. How do you identify errors in the accounting calendar?

A) Run the Transaction Calendar Concurrent Process.
B) A calendar with errors can NOT be saved.
C) An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
D) Run the Create Accounting Process.


5. Identify two valid points to be considered when configuring the workspace database connection.

A) A database connection is needed for each cube.
B) Ledgersetup has to be completed after the database connection is created.
C) Cubes are created as part of ledger setup.
D) Multiple cubes can be defined for each combination of the chart of accounts and the accounting calendar.
E) An ODBC connection is always required.


Solutions:

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

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