• Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Applications
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Oracle 1Z1-508 Exam Syllabus Topics:

SectionObjectives
Journal Processing- Journal Import and Posting
- Recurring Journals
- Manual Journal Entries
Multi-Currency and Consolidation- Currency Translation
- Intercompany Accounting
- Financial Consolidation Concepts
Reporting and Inquiry- Account Analysis and Inquiry Tools
- Financial Reporting Center
- Financial Statements Generation
Period Close Process- Period Open and Close Activities
- Financial Close Workflow
- Reconciliations and Adjustments
General Ledger Overview- Oracle Fusion General Ledger Architecture
- Chart of Accounts Structure
- Ledger Concepts and Configuration
Accounting Setup and Configuration- Accounting Calendar Setup
- Ledger and Currency Setup
- Subledger Accounting Configuration

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Select the key performance indicator (KPI) that provides a trend of the cost of an item as part of Gross Margin Analysis

  • A. Inventory Value KPI
  • B. Item Cost KPI
  • C. Value Trends KPI
  • D. Gross Margins KPI
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.

  • A. Add a ledger-balancing line in the intercompany Payables account and rerun the report
  • B. Run additional reports using a number of varied currency conversion rates
  • C. Run the report using an additional common currency conversion rate
  • D. Add a ledger-balancing line in the intercompany Receivables account and rerun the report
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

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

  • A. Event Classes
  • B. Journal line Rules
  • C. Event Types
  • D. Events
  • E. Event Entities
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

Which is an INCORRECT Function for Fusion intercompany?

  • A. You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.
  • B. Intercompany enables you to have a more granular set of rules.
  • C. You can use a simple setup in which you define one rule for your chart of accounts.
  • D. The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

Identify three characters that can NOT be used with the FRExecute command.

  • A. &
  • B. =
  • C. (
  • D. >
  • E. ;
Reveal Solution  Discussion  0

Correct Answer: A,D,E  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

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