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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which method will reverse accruals in the next accounting period?

A) Create one event and use the Accounting Reversal attribute.
B) Create one event and use the GL functionality to perform the reversal.
C) Create two events, one for accrual and another for the reversal.
D) Create one entry and use Accrual Reversal GL Date.

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

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

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

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

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

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

5. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A) Web ADI
B) Financial Reporting Studio
C) SmartView
D) Application Development Framework Integration

Solutions: