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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

2. A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.

A) Three Ledger and three Legal Entities
B) One Ledger and three Legal Entities
C) One ledger and one Legal Entity
D) Two ledger and two Legal Entities

3. What is the most efficient way to add a new year to the accounting calendar?

A) Run the Other - Calendar Validation Report.
B) Add the periods manually.
C) Use the Add Year button.
D) The application automatically populates the next period.

4. The Receivables and Payables accounts that are automatically generated by intercompany transactions use rules and attributes in what order?

A) Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules;Chart of Account Rules
B) Ledger Level Rules;Primary Balancing Segment Rules;Ledger Entity Level Rules; Chart of Accounts Rules
C) Ledger entity Level Rules; ledger Level Rules; Chart of Account Rules; Primary Balancing Segment Rules
D) Chart of Account Rules; Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules
E) Chart of Account Rules; Ledger Entity Level Rules, Primary Balancing Segment Rules; Ledger Level Rules

5. How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?

A) Select the Business Intelligence check box for the Chart of AccountsInstance.
B) Enable the offerings in the Manage BI Applications dialog box.
C) Use the Migrate Oracle Fusion Financials function within the Setup and Maintenance work area.
D) Data is automatically available in Oracle Business intelligence through the transaction tables and cubes.
E) Select the Enable for Implementation check box.

Solutions: