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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

2. A client is implementing Fusion Accounting Hub for their external receivable system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification Information. The client wants the accounting amounts to be tracked by customer classification, but NOT necessarily in a Chart of Accounts segment. How can this be solved?

A) Use Open account balances listing.
B) Change the Chart of Accounts structure to include customer classification; there is no other option.
C) Capture it as a source and develop custom report.
D) Use supporting references to capture customer classification.
E) Use the Third Party control account feature.

3. Identify the two steps that must be completed when performing Accounting Configuration

A) Open First Period
B) Create Legal Entities
C) Create Primary Ledgers
D) Create Reporting Currencies

4. Which keyboard shortcut is used to navigate to Focus Annotations Area Control?

A) Ctrl + G
B) Ctrl + F
C) Ctrl+ L
D) Ctrl + Y
E) Ctrl + B

5. The Link Journal Lines option in a Journal Line Rule is set to "Copy from Corresponding Line."
What would this do?

A) copies the accounted amount from a previous journal
B) copies the description from the debitline to the credit line
C) copies the accounting dale from a previous journal
D) copies from a previous journal line
E) builds account for a journal line using segments from the offsetting entry of the current journal line

Solutions: