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Oracle Oracle Applications 1Z1-508

1Z1-508

Exam Code: 1Z1-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated Time: Apr 19, 2024

Q & A: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. During implementation, the consultant designated the cost center segment qualifier as the natural account segment qualifier. Select the process that enables you to change the qualifier back.

A) Run the Inheritance program after the change.
B) Run the Move/Merge program.
C) Change and save the segment qualifier.
D) Createa new Chart of Accounts.


2. Identify three tasks that can be performed using the General Accounting Dashboard.

A) Pay invoices to a supplier.
B) Receive instant visibility of transaction statuses.
C) Take immediate action and drill down to uncover more detailed information.
D) Configure user responsibilities.
E) Pay invoices to a contractor.
F) Get a high level view of the state of a department.


3. Journal Approval has been enabled, however, the journal did NOT submit to the appropriate manager for approval. Which three additional steps must, be performed for the approval process to work?

A) Enable customization.
B) Set up journal category to use journal approval.
C) Define approver authorization limits.
D) Set up journal sources to use Journal approval.
E) Create an approval hierarchy.


4. The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?

A) Two
B) One
C) three
D) Four


5. Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?

A) Shared Folders
B) My folders
C) Catalog
D) Analyzer
E) My Report


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B,C,F
Question # 3
Answer: B,D,E
Question # 4
Answer: A
Question # 5
Answer: A,B

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