Oracle 1Z0-508

Free Questions in OTE format

About Oracle 1Z0-508 dump

The Oracle Fusion Financials 11g General Ledger Essentials (1Z0-508) exam is designed for candidates who possess a strong foundation and expertise implementing and configuring the Fusion General Ledger application. This exam targets the advanced intermediate-level implementation team member. Up to date training and field experience are strongly recommended to pass the exam.

General Set Up

• Design the Chart of Accounts
  
• Explain the SmartCube
  
• Set up accounting hierarchies
  
• Set up the accounting calendar
  
• Set up the organizational structure
  

Journal Processing

• Select a journal entry mode and process journal entries
  
• Process journal entries with multicurrency or multiple balancing segments
  
• Explain the advanced approval process
  
• Configure allocations and periodic entries
  

Sub Ledger Accounting

• Use the Accounting Hub
  
• Design the sub ledger and process sub ledger journal entries
  
• Craft accounting distributions
  
• Define the use of event models and events
  
• Define accounting method and journal entry rule sets
  

Intercompany Settlements

• Set up Intercompany Settlements (system options, transaction types, organizations)
  
• Describe intercompany balancing
  
• Design the Chart of Account and segment level rules for intercompany
  
• Process intercompany transactions and periods
  
• Process intercompany reconciliations
  

Other Accounting Activities

• Process account reconciliations
  
• Close accounting periods
  
• Explain the general accounting dashboard
  

Reporting & Dashboards

• Explain how to design and use reports
  
• Set up the Financials Reporting Studio
  
• Explain how to design and use dashboards
  
• Describe the Analytics Flow
  
• Describe Smartview accounting inquiry and analysis
  

Business Intelligence in Fusion Financials

• Set up Business Intelligence for Fusion General Ledger
  
• Describe the key uses of Business Intelligence in Fusion General Ledger
  
• Describe the key metrics for Fusion Financials
  
• Describe how to work with Reporting Work Areas