Oracle 1Z0-508 : Oracle Fusion Financials 11g General Ledger Essentials

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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1
Which view do you use to set parameters and define the data that is displayed in the SmartView report.

A. SmrtView
B. SmartSlice
C. SmartCube
D. Point of View

Question #2
When configuring the allocation and periodic entries, which three tasks must be completed before generating the entries?

A. The period is set to Open or Future Enterable
B. The rules or rules sets have been defined, validated and deployed successfully from the Allocation Manager.
C. The journal balances for the allocation or periodic rules are entered and posted in the proper period.
D. The period is set to Closed, Never Open or Future Enterable.
E. The period is set to Open, Never Open or Future Enterable.

Question #3
When you use allocations, revaluation, or translation to define and maintain your period close component, which three tasks should you perform under the Define Period Close Components parent task in your implementation project?

A. Manage Historical Rates.
B. Manage Allocations and Period Entries.
C. Manage General Accounting Dashboard.
D. Manage Revaluations.
E. Manage intercompany Settlements.

Question #4
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. intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction
D. 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

Question #5
Which report indicates if the accounting entries have been transferred to the Oracle Ledger when submitting the Create Accounting process?

A. Create Accounting Report
B. Trial Balance - Detail
C. Journals - (132 Char)
D. Create Accounting execution Report

Solutions: