Oracle Fusion Financials 11g General Ledger Essentials : 1Z1-508 Exam Questions

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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.

A) Run the import Chart of Account Segment Values.
B) Run the chart of Accounts - Account Hierarchy.
C) Run the Program - Optimizer.
D) Automatically create or modify the cube in Essbase.

2. How is an online ad hoc pivot table created?

A) Use Style Templates
B) Use the input parameters feature online
C) Use the Location feature
D) Export to Microsoft Excel to perform data manipulation
E) Use Online Analyzer, if granted access by an administrator

3. The life cycle of a transaction's accounting impact is modeled by using__________.

A) Event Entities
B) Journal Sources
C) Event Classes and Types
D) Journal Categories
E) Process Categories

4. Oracle Fusion Accounting Hub is integrated with Oracle Hyperion Data Relationship Management Fusion Edition. What are two primary purposes of this functionality?

A) accurately reflects the accounting rules
B) stores the identifier for the transaction in the transaction table
C) ability to download very large amounts of data
D) ability to maintain charts of accounts values and hierarchies in one central location
E) a master data management solution for creating and maintaining hierarchies across an enterprise

5. Select the option that helps in sharing Account Rules across applications.

A) Same Chart of Accounts
B) Transaction Objects
C) Same Value Set validation
D) Reference Objects

Solutions: