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

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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question 1

Select two text functions that are available only for financial management.

A. MemberDescription
B. MemberAlias
C. CallText
D. ProcessManagementStatus
E. MemberProprty

Question 2

You have created allocution and periodic journal entry definitions for several monthly entries. You are now ready to generate allocation entries. Which task must be completed before generating the allocation and periodic entries?

A. Set the period to Close or Open.
B. Enter and post the journal balances for Mass Allocation in the Close period.
C. Define, validate and deploy the rules or rule sets successfully from Allocation Manager.
D. Manually set the last day of the submission period as the Accounting Date and Calculation effective Date.

Question 3

A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?

A. Secondary Valuation method
B. Journal Line Types
C. Account Derivation Rules
D. Adjustments in the General Ledger

Question 4

Identify the SmartView Ribbon command that is used to display levels in the Member hierarchy.

A. Zoom in and Zoom out
B. Drill Through
C. Cascade
D. Query

Question 5

Identify the business intelligence component that enables you to explore and interact with information by visually presenting data in tables, graphs, and pivot tables.

A. Oracle Transaction Business intelligence
B. Analysis Editor
C. Oracle Business Intelligence Applications
D. BI Composer
E. Oracle Business Intelligence- Enterprise Edition

Solutions: