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

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

2. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A) specify the account of account intercompany receivables only
B) specify the chart of account Intercompany receivables accounts, Intercompany payables accounts, the source and the category
C) specify the chart of account intercompany receivables and intercompany payables accounts
D) specify the chart of accounts intercompany payables only

3. When an external system sends an invoice to Fusion Accounts Payable, the life cycle of the transaction is invoice Created, Invoice Adjusted, Invoice Deleted or Invoice Canceled. This cycle can be modeled using______________.

A) Event entities
B) Journal Rules
C) Event Types
D) Event model
E) Event Categories

4. A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.

A) Two ledger and two Legal Entities
B) Three Ledger and three Legal Entities
C) One ledger and one Legal Entity
D) One Ledger and three Legal Entities

5. Identify the valid data source where key Figure Manager is used for Financial Reporting.

A) Financial Management
B) EssBase
C) MSOLAP
D) Planning
E) SAP BW

Solutions: