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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question 1

Transactions may involve multiple currencies that require a common currency to make the reports meaningful. What are the amounts Oracle Business Analytics Warehouse uses to store currency?

A. Currency Symbol, Currency Name
B. Currency Code, Currency Name
C. Global Currency (two common currencies), Document Currency,Local Currency
D. Report Currency

Question 2

Identify the step that is NOT correct about implementing Fusion Accounting Hub to integrate with an external system.

A. Determine the accounting impact of transactions.
B. Analyze external system transactions.
C. Capture accounting events.
D. Enable external system to create Journal entries.

Question 3

To update the intercompany calendar to use a different general ledger accounting calendar, the intercompany period status for all intercompany transaction types must be____________.

A. Either Open or Closed
B. Open
C. Never Opened or Closed
D. Closed

Question 4

What is the best view or tool to use it you need to quickly perform an ad hoc ledger query that drill down to in a web view?

A. Account Monitoring
B. Oracle Hyperion Financial Reporting Studio
C. Account Inspector
D. Oracle Hyperion Smart View

Question 5

Account Rules are specific to ____________.

A. Event Classes
B. Accounting methods
C. Event Types
D. Subledger application
E. Journal Rule sets

Solutions: