Oracle 1Z1-508

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. When recording the closing of a loan, you can link to the account that was used to book the loan origination.
Which option would you choose in Journal Line Rule?

A) Journal Line Rule Conditions
B) Merge Matching Lines to All
C) Link Journal Lines Options set to Copy from Corresponding Line
D) Link Journal Lines Options set toBusinessFlow
E) Link Journal Lines Options set to None

2. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
B) specify the chart of account intercompany receivables and intercompany payables accounts
C) specify the chart of account intercompany receivables only
D) specify the chart of accounts intercompany payables only

3. The Receivables and Payables accounts that are automatically generated by intercompany transactions use rules and attributes in what order?

A) Chart of Account Rules; Ledger Entity Level Rules, Primary Balancing Segment Rules; Ledger Level Rules
B) Chart of Account Rules; Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules
C) Ledger Level Rules;Primary Balancing Segment Rules;Ledger Entity Level Rules; Chart of Accounts Rules
D) Ledger entity Level Rules; ledger Level Rules; Chart of Account Rules; Primary Balancing Segment Rules
E) Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules;Chart of Account Rules

4. 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) Effectively manage an organization's financial business.
D) Anticipate growth and maintenance needs because organizational changes occur
E) Select the segment qualifiers.

5. Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.

A) Chart of Accounts Master Data maintenance
B) data modeling
C) the maintenance of Trading Community Data
D) data access and security
E) Chart of Accounts Hierarchy maintenance

Solutions: