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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

2. Which is an INCORRECT Function for Fusion intercompany?

A) You can use a simple setup in which you define one rule for your chart of accounts.
B) You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.
C) The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
D) Intercompany enables you to have a more granular set of rules.

3. When you use allocations, revaluation, or translation to define and maintain your period close component, which three tasks should you perform under the Define Period Close Components parent task in your implementation project?

A) Manage Revaluations.
B) Manage General Accounting Dashboard.
C) Manage Allocations and Period Entries.
D) Manage Historical Rates.
E) Manage intercompany Settlements.

4. The tables, of views, from which Create Accounting takes source data to use in rules and create entries are referred to as_________.

A) Event Classes
B) Accounting attributes
C) Mapping Sets
D) Transaction Objects
E) Event Entities

5. Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?

A) running a trial balance report to reconcile books
B) getting more detail on a balance by clicking the Show More button
C) moving the cursor over projected balances displays the impact a journal will have on accounts
D) setting notification thresholds in the Account Monitor view

Solutions: