Oracle Fusion Financials 11g General Ledger Essentials : 1Z0-508

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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

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

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

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

3. What metric values are available on the General Ledger Dashboard?

A) Schedule Compliance, Target Attainment, Service Level
B) Cost of Goods Sold, Return on Equity
C) Price Yield, Win-Loss Ratio, Campaign Performance
D) Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus

4. Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type. What is the solution?

A) Create an Account Rule with 31 rule elements using one condition for each expense type; and another for supplier type.
B) Create an Account Rule with two rule elements using one for expense type mapping and the other for condition of supplier type.
C) Create two journal line rules with a condition of supplier type.
D) Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.

5. 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) Oracle BI Server and OLIP data source
C) Oracle Business Analytics Warehouse and Oracle BI Presentation Services
D) Information PowerCenter Servicer, and Informatics Repository
E) Metadata Repository and BI Presentation Services Catalog

Solutions: