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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.

A) Run the report using an additional common currency conversion rate
B) Add a ledger-balancing line in the intercompany Payables account and rerun the report
C) Add a ledger-balancing line in the intercompany Receivables account and rerun the report
D) Run additional reports using a number of varied currency conversion rates

2. Identify two correct behaviors of conditional suppression of rows and columns.

A) When the Hide Always chock box is selected for a row or column, you can ignore the values and calculations in hidden rows and columns.
B) The calculation does NOT consider suppressed rows.
C) If an entire row or column meets the criteria specified for conditional suppression, the entire row or column is hidden.
D) If only some of the cells in a row or column meet the criteria specified for conditional suppression, the row or column is hidden.

3. A user wants to enter a multiple currency journal in the General Ledger. What must the user do to see the conversion rate type, conversion date, and conversion rate columns?

A) At the Journal line level, select a blank value in the currency field.
B) At the Journal Header level, select a blank value in the currency field.
C) At the Journal line level, accept the default value in the currency field.
D) At the Journal Header level, accept the default value in the currency field.

4. Event classes are transaction types used to group____________.

A) Process Categories
B) Event Types
C) Event Models
D) Event Entities
E) Journal Rule Sets

5. With which two options can Mapping Sets validate input values?

A) Value Sets
B) FlexFields
C) Lookup Types
D) Accounting Segment

Solutions: