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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question 1

During implementation, the consultant designated the cost center segment qualifier as the natural account segment qualifier. Select the process that enables you to change the qualifier back.

A. Change and save the segment qualifier.
B. Run the Inheritance program after the change.
C. Run the Move/Merge program.
D. Createa new Chart of Accounts.

Question 2

Which three options can you use from the Generate Allocations link to open the Submission page?

A. E-mail the output
B. Automatically saveitas an Excel file
C. Print Output
D. Fax the output
E. Notification when this process ends

Question 3

Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type. What is the solution?

A. Create an Account Rule with 31 rule elements using one condition for each expense type; and another for supplier type.
B. Create two journal line rules with a condition of supplier type.
C. Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
D. Create an Account Rule with two rule elements using one for expense type mapping and the other for condition of supplier type.

Question 4

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

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

Question 5

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

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

Solutions: