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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Journal Approval has been enabled, however, the journal did NOT submit to the appropriate manager for approval. Which three additional steps must, be performed for the approval process to work?

A) Create an approval hierarchy.
B) Define approver authorization limits.
C) Set up journal category to use journal approval.
D) Set up journal sources to use Journal approval.
E) Enable customization.

2. Transactions may involve multiple currencies that require a common currency to make the reports meaningful. What are the amounts Oracle Business Analytics Warehouse uses to store currency?

A) Report Currency
B) Global Currency (two common currencies), Document Currency,Local Currency
C) Currency Code, Currency Name
D) Currency Symbol, Currency Name

3. How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?

A) Data is automatically available in Oracle Business intelligence through the transaction tables and cubes.
B) Select the Enable for Implementation check box.
C) Use the Migrate Oracle Fusion Financials function within the Setup and Maintenance work area.
D) Enable the offerings in the Manage BI Applications dialog box.
E) Select the Business Intelligence check box for the Chart of AccountsInstance.

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

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

5. 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) Determine the accounting impact of transactions.
D) Enable external system to create Journal entries.

Solutions: