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Oracle Fusion Financials 11g General Ledger Essentials - 1Z0-508 Exam Practice Test

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Total 127 questions

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Question 1

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

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

Discussion 0

Correct Answer: C Vote an answer

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Question 2

An invoice with two lines is entered, later that day an adjustment is made to the invoice to add another line. At the end of the day, the invoice is sent to the Fusion Accounting Hub. How many events would you create?

A. Fourevents: one for invoice creation, one each for the two lines arid one for the adjustment B. Oneeventforinvoice creation; adjustment happened before transaction sent to the Fusion Accounting Hub C. Twoevents: one for invoice creation and one for the adjustment D. Threeevents: one for invoice creation and two for line creation

Discussion 0

Correct Answer: B Vote an answer

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Question 3

After submitting the journal for approval, you realize the department value in journal is incorrect.
How do you correct the value?

A. Update the journal through a workflow. B. Click the Withdraw Approval button on the journal page and edit the journal. C. Delete the journal and create a new journal. D. Reverse the journal and create a new journal.

Discussion 0

Correct Answer: B Vote an answer

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Question 4

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

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

Discussion 0

Correct Answer: A,B,D Vote an answer

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Question 5

In Oracle Fusion Applications, a calendar can only have ___________.

A. Multiple period frequencies and period types B. Oneperiod frequency and period type C. Multiple period types D. Multiple period frequencies

Discussion 0

Correct Answer: B Vote an answer

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Question 6

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

Discussion 0

Correct Answer: E Vote an answer

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Question 7

Which three rule types are used to build an account rule?

A. Value Set B. Segment C. System Transaction Identifiers D. Mapping Set E. Account Combination

Discussion 0

Correct Answer: A,B,D Vote an answer

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Question 8

Which components are used to perform ETL and prebuilt ETL logic while setting up Oracle Business Intelligence Enterprise Edition?

A. Functional Setup Manager and Configuration Manager B. Metadata Repository and BI Presentation Services Catalog C. Oracle BI Server and OLIP data source D. Information PowerCenter Servicer, and Informatics Repository E. Oracle Business Analytics Warehouse and Oracle BI Presentation Services

Discussion 0

Correct Answer: E Vote an answer

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Total 127 questions

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