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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

A) Currency Ledgers
B) Related ledgers
C) Single Ledger
D) Level ledger update
E) Debit ledgers
F) Ledger Set

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

3. There is a performance issue with new account hierarchies. Which setting would you update to improve performance?

A) ADF Business component View Objects
B) Column set
C) Row set
D) Parent Child Relationship

4. Identify the step that is NOT correct about implementing Fusion Accounting Hub to integrate with an external system.

A) Analyze external system transactions.
B) Enable external system to create Journal entries.
C) Capture accounting events.
D) Determine the accounting impact of transactions.

5. What is the best view or tool to use it you need to quickly perform an ad hoc ledger query that drill down to in a web view?

A) Account Monitoring
B) Oracle Hyperion Smart View
C) Oracle Hyperion Financial Reporting Studio
D) Account Inspector

Solutions: