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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. In Oracle Fusion, you can NOT edit the period after it is set to ____________.

A) Open or Enterable
B) Pending Closed
C) Closed
D) Open

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

3. Which three rule types are used to build an account rule?

A) Segment
B) Value Set
C) Account Combination
D) System Transaction Identifiers
E) Mapping Set

4. In Member Selection, which three operators and symbols enable you to display members based specified criteria?

A) Union operator
B) Right parenthesis
C) AND operator
D) Left parenthesis
E) Double parentheses

5. A client is implementing Fusion Accounting Hub for their external receivable system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification Information. The client wants the accounting amounts to be tracked by customer classification, but NOT necessarily in a Chart of Accounts segment. How can this be solved?

A) Use Open account balances listing.
B) Capture it as a source and develop custom report.
C) Use the Third Party control account feature.
D) Change the Chart of Accounts structure to include customer classification; there is no other option.
E) Use supporting references to capture customer classification.

Solutions: