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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Overview | - Ledger Concepts and Configuration - Oracle Fusion General Ledger Architecture - Chart of Accounts Structure |
| Multi-Currency and Consolidation | - Currency Translation - Intercompany Accounting - Financial Consolidation Concepts |
| Journal Processing | - Manual Journal Entries - Journal Import and Posting - Recurring Journals |
| Accounting Setup and Configuration | - Ledger and Currency Setup - Accounting Calendar Setup - Subledger Accounting Configuration |
| Reporting and Inquiry | - Financial Statements Generation - Account Analysis and Inquiry Tools - Financial Reporting Center |
| Period Close Process | - Financial Close Workflow - Reconciliations and Adjustments - Period Open and Close Activities |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Identify the two items that the intercompany Reconciliation reports display.
A) clearing company balance lines
B) intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
C) ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance
D) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction
2. Identify two correct behaviors of conditional suppression of rows and columns.
A) If only some of the cells in a row or column meet the criteria specified for conditional suppression, the row or column is hidden.
B) When the Hide Always chock box is selected for a row or column, you can ignore the values and calculations in hidden rows and columns.
C) If an entire row or column meets the criteria specified for conditional suppression, the entire row or column is hidden.
D) The calculation does NOT consider suppressed rows.
3. In the Essbase database source, how do you identify duplicate members?
A) use an alias name for a database member
B) use member Information
C) use the member perspective
D) display qualified names instead of the member names
4. During implementation, the consultant designated the cost center segment qualifier as the natural account segment qualifier. Select the process that enables you to change the qualifier back.
A) Createa new Chart of Accounts.
B) Run the Inheritance program after the change.
C) Change and save the segment qualifier.
D) Run the Move/Merge program.
5. After submitting the journal for approval, you realize the department value in journal is incorrect.
How do you correct the value?
A) Reverse the journal and create a new journal.
B) Update the journal through a workflow.
C) Click the Withdraw Approval button on the journal page and edit the journal.
D) Delete the journal and create a new journal.
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: B,C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C |







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