1Z0-508 by Oracle Actual Free Exam Questions And Answers

Question 1

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. Application Development Framework Integration

C. Web ADI

D. SmartVIew

Discussion 0

Correct Answer: B Vote an answer

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Question 2

Which three types of objects can be created in Allocation Manager?

A. Complex computations based on different variables to automatically calculate allocated amounts.

B. Rule Sets that contain sets of rules that can be calculated sequentially

C. Journal formulas grouped together and executed sequentially to update account balances step by step

D. Rules that contain components, such as points of view, formulas, and templates

E. components that contain formulas, points of view, or allocation Objects

Discussion 0

Correct Answer: D Vote an answer

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Question 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. Create an approval hierarchy.

E. Set up journal sources to use Journal approval.

Discussion 0

Correct Answer: B,D,E Vote an answer

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Question 4

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

A. use the member perspective

B. use an alias name for a database member

C. use member Information

D. display qualified names instead of the member names

Discussion 0

Correct Answer: D Vote an answer

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Question 5

The Receivables and Payables accounts that are automatically generated by intercompany transactions use rules and attributes in what order?

A. Ledger entity Level Rules; ledger Level Rules; Chart of Account Rules; Primary Balancing Segment Rules

B. Ledger Level Rules;Primary Balancing Segment Rules;Ledger Entity Level Rules; Chart of Accounts Rules

C. Chart of Account Rules; Ledger Entity Level Rules, Primary Balancing Segment Rules; Ledger Level Rules

D. Chart of Account Rules; Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules

E. Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules;Chart of Account Rules

Discussion 0

Correct Answer: E Vote an answer

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Question 6

Which is an INCORRECT Function for Fusion intercompany?

A. You can use a simple setup in which you define one rule for your chart of accounts.

B. Intercompany enables you to have a more granular set of rules.

C. You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.

D. The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.

Discussion 0

Correct Answer: C Vote an answer

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Question 7

You have been given a task to update a calendar by adding a new period to it. What is the quickest way to perform this task?

A. Manually add the periods.

B. Use the Add Year button.

C. Run the Other - Calendar Validation Report.

D. The application automatically populates the next period.

Discussion 0

Correct Answer: A Vote an answer

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Oracle Fusion Financials 11g General Ledger Essentials - 1Z0-508 Exam Practice Test

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