Oracle Oracle Applications 1Z1-508

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which task enables you to define the legal entities that are classified as intercompany organizations?

A) Manage intercompany transactions.
B) Enter intercompany transactions.
C) Edit intercompany transactions.
D) Define intercompany transactions.

2. What is the primary source of data that is used for the Financial Reporting Center?

A) transaction tables
B) the Code Combinations table
C) data from the balances cubes and dimensions contained in the chart of account segments
D) defined dimensions for journals

3. Choose the Oracle application that will automatically update the chart of accounts values and Hierarchies across multiple Oracle E-Business Suite and Oracle Fusion instances through a single application.

A) Oracle Hyperion Data Relationship Management
B) Oracle Fusion Accounting Hub
C) Oracle Fusion General Ledger Suite
D) Oracle Business Intelligence Enterprise Edition

4. An invoice with two lines is entered, later that day an adjustment is made to the invoice to add another line. At the end of the day, the invoice is sent to the Fusion Accounting Hub. How many events would you create?

A) Threeevents: one for invoice creation and two for line creation
B) Fourevents: one for invoice creation, one each for the two lines arid one for the adjustment
C) Oneeventforinvoice creation; adjustment happened before transaction sent to the Fusion Accounting Hub
D) Twoevents: one for invoice creation and one for the adjustment

5. Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?

A) My Report
B) Analyzer
C) Shared Folders
D) Catalog
E) My folders

Solutions: