1Z0-508 Exam Training Practice Tests (Oracle Fusion Financials 11g General Ledger Essentials)]

Question 1

Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.

A. data modeling B. the maintenance of Trading Community Data C. data access and security D. Chart of Accounts Master Data maintenance E. Chart of Accounts Hierarchy maintenance

Correct Answer: D

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Question 2

Which three options can you use from the Generate Allocations link to open the Submission page?

A. Print Output B. E-mail the output C. Notification when this process ends D. Fax the output E. Automatically saveitas an Excel file

Correct Answer: A,B,C

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Question 3

In Oracle Fusion, you can define more complex structure and multiple rules between pairs of____________.

A. Legal Entities only B. Ledgers only C. Primary Segments only D. Ledger, Legal Entities, or Primary Segments

Correct Answer: A

Question 4

The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?

A. three B. Two C. Four D. One

Correct Answer: B

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Question 5

Which accounting attribute group will capture a customer's accounting invoice and the cash applied to that invoice?

A. Tax attribute B. System Transaction identifiers C. Distribution identifiers D. Business Flow

Correct Answer: B

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Question 6

Which statement about intercompany balancing is INCORRECT?

A. Intercompany balancingisused to track intercompany duo to/due from balances by identifying the specific trading company. B. Segment values can be assigned only once within your chart of account. C. Segment values can be assigned more than once within your chart of account. D. Intercompany balancing is used to balance transactions by an additional dimension beyond the primary segment. E. The intercompany qualified segment can NOT be set with any of the three balancing segment qualifiers.

Correct Answer: C

Question 7

Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?

A. Shared Folders B. Analyzer C. Catalog D. My Report E. My folders

Correct Answer: A,E

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