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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question 1

The Profitability Dashboard providers visibility into a company's performance. Which indicator is via the Profitability Dashboard?

A. Recruitment
B. Return on Equity
C. Suppliers
D. Budget
E. Pipeline

Question 2

Which three tasks that can be performed by using Account inspector in the Account Monitor choice list?

A. Drill down to the detailed balances within a custom pivot table.
B. Interactively perform ad hoc inquiries on the financial balances.
C. Export a custom pivot table to Microsoft Excel.
D. Close selected accounts and periods that appear in the pivot table.
E. Do not use a pivot table.

Question 3

A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.

A. Two ledger and two Legal Entities
B. Three Ledger and three Legal Entities
C. One ledger and one Legal Entity
D. One Ledger and three Legal Entities

Question 4

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

Question 5

The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?

A. Four
B. Two
C. One
D. three

Solutions: