Oracle Fusion Financials 11g General Ledger Essentials (1Z1-508) Free Practice Test

Question 1

Journal approval in Oracle Fusion Applications uses Oracle Fusion Approvals Management (AMX) to build approvals. Which AMX builder method is most effective when the General Accountant enters the journals for approval?

A. Job level

B. Position

C. Approval Group

D. Human Resources (HK) Supervisory

Correct Answer: D

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Question 2

During the analysis phase of the implementation, it was discovered that there were some expense entries that are paid in the current month for services rendered in the next month, the client wants to defer the expense and recognize it in the next month. What would you recommend?

A. Use multiperiod accounting-enabled Journal Line Types.

B. Use Journal Line Definitions.

C. Create two accounting events: one for payment and one for recognition.

D. Use Account Derivation rules to create two different entries.

Correct Answer: A

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Question 3

Identify the business intelligence component that enables you to explore and interact with information by visually presenting data in tables, graphs, and pivot tables.

A. Oracle Business Intelligence Applications

B. Analysis Editor

C. Oracle Transaction Business intelligence

D. Oracle Business Intelligence- Enterprise Edition

E. BI Composer

Correct Answer: B,E

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Question 4

In Member Selection, which three operators and symbols enable you to display members based specified criteria?

A. Double parentheses

B. Left parenthesis

C. AND operator

D. Union operator

E. Right parenthesis

Correct Answer: A,C,D

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Question 5

Oracle Business Intelligence Enterprise Edition is available through the iPhone and iPad devices. Which BI object content is NOT visible through a mobile device?

A. Action

B. Analysis, including analytic actions

C. Briefing Book, limited to alert visible in the Alerts list

D. Scorecard, including analytic actions

E. Dashboard Page, including analytic actions

Correct Answer: C

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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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Question 7

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

A. Journal Line Types

B. Secondary Valuation method

C. Account Derivation Rules

D. Adjustments in the General Ledger

Correct Answer: A

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Oracle Fusion Financials 11g General Ledger Essentials (1Z1-508) Free Practice Test