Oracle Fusion Financials 11g General Ledger Essentials : 1Z1-508

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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. How do you represent the Chart of Account Segments in SmartView technology?

A) Dimensions
B) Members
C) Grid POV
D) User POV

2. To open a period without going into the Setup and Maintenance work area you can maintain the period statuses of ledger from the ___________ work area.

A) Account Monitoring
B) General Ledger Journals
C) Manage Revaluations
D) Process Monitoring

3. Identify two INVALID features of POV in Financial Reporting Studio.

A) A memberselection function with CurrentPOV as the member parameter changes to a User POV when members are selected from a row, column or page axis on a grid.
B) All POVs allow a single member to be set for a dimension.
C) Multiple grids cannot be Included in a report.
D) To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.
E) POV book is specific to any report or grid object in report in that book.

4. During the analysis phase of the implementation, it was discovered that there were some expense entries that are paid in the current month for services rendered in the next month, the client wants to defer the expense and recognize it in the next month. What would you recommend?

A) Use Account Derivation rules to create two different entries.
B) Create two accounting events: one for payment and one for recognition.
C) Use multiperiod accounting-enabled Journal Line Types.
D) Use Journal Line Definitions.

5. Where do end users modify preferences, such as time zone, delivery devices and delivery profile?

A) My Account dialog box
B) My Reports
C) My Scorecards
D) My Dashboard page
E) My Agents

Solutions: