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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. The life cycle of a transaction's accounting impact is modeled by using__________.

A) Event Entities
B) Process Categories
C) Event Classes and Types
D) Journal Sources
E) Journal Categories

2. The reconciliation report shows the Entered or transaction amount of the accounting entries booked to the intercompany receivables and payables accounts for___________.

A) A legal entity only
B) Business segment only
C) A provider only
D) A pair of provider and receiver legal entities

3. Transaction objects in Fusion Accounting Hub are associated to_____________.

A) Event Entities
B) Journal Line Types
C) Event Types
D) Event Classes

4. Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?

A) My folders
B) Analyzer
C) My Report
D) Shared Folders
E) Catalog

5. Identify the two steps that must be completed when performing Accounting Configuration

A) Create Legal Entities
B) Create Reporting Currencies
C) Open First Period
D) Create Primary Ledgers

Solutions: