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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Journal approval in Oracle Fusion Applications uses Oracle Fusion Approvals Management (AMX) to build approvals. Which AMX builder method is most effective when the General Accountant enters the journals for approval?

A) Human Resources (HK) Supervisory
B) Job level
C) Position
D) Approval Group

2. Which attribute does NOT need to be considered when creating intercompany transaction?

A) Legal Entity
B) Receivables and Payables Business Units
C) Default Transaction Type
D) Default Organization contact

3. What are two reasons for using scorecards?

A) an objective and its supporting child objectives
B) Assessment Mappings
C) Gauges
D) Dimension Pinnings
E) KPIs are represented hierarchically

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

5. Which is an INCORRECT Function for Fusion intercompany?

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

Solutions: