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:

1. In Oracle Fusion, you can define more complex structure and multiple rules between pairs of____________.

A) Primary Segments only
B) Legal Entities only
C) Ledger, Legal Entities, or Primary Segments
D) Ledgers only

2. Which method will reverse accruals in the next accounting period?

A) Create one event and use the Accounting Reversal attribute.
B) Create one entry and use Accrual Reversal GL Date.
C) Create two events, one for accrual and another for the reversal.
D) Create one event and use the GL functionality to perform the reversal.

3. Which three tasks that can be performed by using Account inspector in the Account Monitor choice list?

A) Interactively perform ad hoc inquiries on the financial balances.
B) Drill down to the detailed balances within a custom pivot table.
C) Close selected accounts and periods that appear in the pivot table.
D) Export a custom pivot table to Microsoft Excel.
E) Do not use a pivot table.

4. The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?

A) Four
B) One
C) Two
D) three

5. The reconciliation report shows the Entered or transaction amount of the accounting entries booked to the intercompany receivables and payables accounts for___________.

A) A pair of provider and receiver legal entities
B) A provider only
C) A legal entity only
D) Business segment only

Solutions: