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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

2. How do you represent the Chart of Account Segments in SmartView technology?

A) Dimensions
B) User POV
C) Grid POV
D) Members

3. Which three options tan you use from the Generate Allocations link to open the Submission page?

A) Print Output
B) Fax the output
C) Automatically save it as an Excel file
D) Notification when this process ends
E) E-mail the output

4. To update the intercompany calendar to use a different general ledger accounting calendar, the intercompany period status for all intercompany transaction types must be____________.

A) Open
B) Never Opened or Closed
C) Either Open or Closed
D) Closed

5. A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?

A) Adjustments in the General Ledger
B) Secondary Valuation method
C) Account Derivation Rules
D) Journal Line Types

Solutions: