Oracle Applications 1Z0-508 Braindumps

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Oracle 1Z0-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1
The Link Journal Lines option in a Journal Line Rule is set to "Copy from Corresponding Line."
What would this do?

A. copies the accounted amount from a previous journal
B. copies from a previous journal line
C. copies the accounting dale from a previous journal
D. copies the description from the debitline to the credit line
E. builds account for a journal line using segments from the offsetting entry of the current journal line

Question #2
What is the most efficient way to add a new year to the accounting calendar?

A. Run the Other - Calendar Validation Report.
B. Add the periods manually.
C. Use the Add Year button.
D. The application automatically populates the next period.

Question #3
Identify the two items that the intercompany Reconciliation reports display.

A. clearing company balance lines
B. intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction
C. ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance
D. intercompany receivables and intercompany payables lines generated by the intercompany balancing feature

Question #4
Which task is NOT allowed when spreading data for time periods in Microsoft Excel?

A. temporarily locking the values of certain cells while spreading data over time periods
B. spreading values among children and parents proportionally, based on existing distribution
C. spreading data in a summary time period that includes members and mixed currency types
D. spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none
E. 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

Question #5
Choose the four steps required to create and use the chart of accounts.

A. Create Value Sets.
B. Publish Account Hierarchies.
C. Create Chart of Accounts Structure.
D. Create Account Hierarchies.
E. Create Chart of Accounts Structure Instance.
F. Create Value Set Values.

Solutions: