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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify the valid data source where key Figure Manager is used for Financial Reporting.

A) MSOLAP
B) EssBase
C) SAP BW
D) Financial Management
E) Planning

2. XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.

A) Hierarchy between functional divisions only
B) Hierarchy between departments only
C) hierarchy between the organization and its departments and functional divisions only
D) Hierarchy between the organization and its departments, and between the departments and their respective functional divisions

3. Which three objectives must be considered when designing the chart of accounts?

A) Provide less flexibility for management reporting and analysis.
B) Support the audit and control of financial transactions.
C) Select the segment qualifiers.
D) Effectively manage an organization's financial business.
E) Anticipate growth and maintenance needs because organizational changes occur

4. In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance ____________.

A) By both legal and balancing segments values
B) By legal entity only
C) By primary balancing segment values only
D) By account values

5. How do you identify errors in the accounting calendar?

A) Run the Create Accounting Process.
B) Run the Transaction Calendar Concurrent Process.
C) An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
D) A calendar with errors can NOT be saved.

Solutions: