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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. In the Essbase database source, how do you identify duplicate members?

A) use the member perspective
B) display qualified names instead of the member names
C) use member Information
D) use an alias name for a database member

2. Oracle Fusion Accounting Hub is integrated with Oracle Hyperion Data Relationship Management Fusion Edition. What are two primary purposes of this functionality?

A) ability to download very large amounts of data
B) accurately reflects the accounting rules
C) stores the identifier for the transaction in the transaction table
D) ability to maintain charts of accounts values and hierarchies in one central location
E) a master data management solution for creating and maintaining hierarchies across an enterprise

3. 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) three
B) Two
C) Four
D) One

4. You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.

A) Run the chart of Accounts - Account Hierarchy.
B) Run the import Chart of Account Segment Values.
C) Run the Program - Optimizer.
D) Automatically create or modify the cube in Essbase.

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) Financial Reporting studio
B) SmartVIew
C) Web ADI
D) Application Development Framework Integration

Solutions: