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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A) Web ADI
B) Financial Reporting studio
C) SmartVIew
D) Application Development Framework Integration

2. Which statement about intercompany balancing is INCORRECT?

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

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

4. You have created allocution and periodic journal entry definitions for several monthly entries. You are now ready to generate allocation entries. Which task must be completed before generating the allocation and periodic entries?

A) Define, validate and deploy the rules or rule sets successfully from Allocation Manager.
B) Enter and post the journal balances for Mass Allocation in the Close period.
C) Manually set the last day of the submission period as the Accounting Date and Calculation effective Date.
D) Set the period to Close or Open.

5. The Receivables and Payables accounts that are automatically generated by intercompany transactions use rules and attributes in what order?

A) Ledger Level Rules;Primary Balancing Segment Rules;Ledger Entity Level Rules; Chart of Accounts Rules
B) Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules;Chart of Account Rules
C) Ledger entity Level Rules; ledger Level Rules; Chart of Account Rules; Primary Balancing Segment Rules
D) Chart of Account Rules; Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules
E) Chart of Account Rules; Ledger Entity Level Rules, Primary Balancing Segment Rules; Ledger Level Rules

Solutions: