Oracle 1Z1-508 Actual Tests : Oracle Fusion Financials 11g General Ledger Essentials

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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. There is a performance issue with new account hierarchies. Which setting would you update to improve performance?

A) ADF Business component View Objects
B) Row set
C) Column set
D) Parent Child Relationship

2. Account Rules are specific to ____________.

A) Event Types
B) Event Classes
C) Accounting methods
D) Subledger application
E) Journal Rule sets

3. Identify two correct behaviors of conditional suppression of rows and columns.

A) If only some of the cells in a row or column meet the criteria specified for conditional suppression, the row or column is hidden.
B) The calculation does NOT consider suppressed rows.
C) When the Hide Always chock box is selected for a row or column, you can ignore the values and calculations in hidden rows and columns.
D) If an entire row or column meets the criteria specified for conditional suppression, the entire row or column is hidden.

4. Which statement about intercompany balancing is INCORRECT?

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

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

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

Solutions: