Oracle 1Z0-508

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. When configuring the allocation and periodic entries, which three tasks must be completed before generating the entries?

A) The period is set to Closed, Never Open or Future Enterable.
B) The period is set to Open or Future Enterable
C) The period is set to Open, Never Open or Future Enterable.
D) The journal balances for the allocation or periodic rules are entered and posted in the proper period.
E) The rules or rules sets have been defined, validated and deployed successfully from the Allocation Manager.

2. Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported into financial Reporting.

A) Snapshot Reports (*.rpt)
B) Impact Manage Transformation Scripts (*. Js)
C) Dynamic Report (* .des)
D) Books. (*.kbk)

3. During the analysis phase of the implementation, it was discovered that there were some expense entries that are paid in the current month for services rendered in the next month, the client wants to defer the expense and recognize it in the next month. What would you recommend?

A) Use multiperiod accounting-enabled Journal Line Types.
B) Create two accounting events: one for payment and one for recognition.
C) Use Account Derivation rules to create two different entries.
D) Use Journal Line Definitions.

4. If you change the status of a tree structure, the status of the trees and tree versions associated with structure also change. Which three statuses apply to the tree structure?

A) Active
B) Pending
C) Inactive
D) Future
E) Draft

5. A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?

A) Use multiple data segments for formatting or calculating.
B) Create reusable objects and row and column templates.
C) Use cell formulas to write efficient formulas rather than row or column formulas.
D) Use Function on expanded data segments that are NOT placed on separate rows or columns.

Solutions: