Oracle Fusion Financials 11g General Ledger Essentials (1Z0-508) Free Practice Test

Question 1

Which task is NOT allowed when spreading data for time periods in Microsoft Excel?

A. spreading values among children and parents proportionally, based on existing distribution

B. spreading the value of a summary time period to its base time periods or to the first parent or first child of the parent time period

C. spreading data in a summary time period that includes members and mixed currency types

D. temporarily locking the values of certain cells while spreading data over time periods

E. spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none

Correct Answer: C

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Question 2

Identify the set up that needs to be completed before you can use cubes.

A. Report Builder

B. FSG

C. Microsoft Office

D. Ledger

Correct Answer: D

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Question 3

A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?

A. Use multiple data segments for formatting or calculating.

B. Use cell formulas to write efficient formulas rather than row or column formulas.

C. Use Function on expanded data segments that are NOT placed on separate rows or columns.

D. Create reusable objects and row and column templates.

Correct Answer: C,D

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Question 4

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 Inspector

B. Oracle Hyperion Smart View

C. Oracle Hyperion Financial Reporting Studio

D. Account Monitoring

Correct Answer: A

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Question 5

What are the key performance metrics for Oracle Fusion Financials?

A. Project Performance, Financial Management, Budget Details and Cost Details

B. Pipelinefunnel. Opportunity Details, Forecast and Actual versus Quota and Forecast versus Pipeline

C. Spend by Category, Spend by Supplier, Spend by Organization and Item Detail

D. Expenses, Revenue, Balance Sheet, Cash Flow, Budget versus Actual, Asset Usage, Liquidity, Financial Structure and GL Balance

E. Requisitions. Vacancy Analysis, Recruitment Pipeline and Offer Analysis

Correct Answer: D

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Question 6

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

A. Event Classes and Types

B. Process Categories

C. Journal Sources

D. Journal Categories

E. Event Entities

Correct Answer: A

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Oracle Fusion Financials 11g General Ledger Essentials (1Z0-508) Free Practice Test