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Oracle 1Z1-508 Exam Syllabus Topics:

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. When configuring the allocation and periodic entries, which three tasks must be completed before generating the entries?

A) The period is set to Open or Future Enterable
B) The rules or rules sets have been defined, validated and deployed successfully from the Allocation Manager.
C) The period is set to Closed, Never Open or Future Enterable.
D) The period is set to Open, Never Open or Future Enterable.
E) The journal balances for the allocation or periodic rules are entered and posted in the proper period.

2. A company has the second and third balancing segment enabled for its chart of accounts, and the journal is balanced by the primary balancing segment but is out of balance by the second and third balancing segment. This is an example of ____________.

A) Balancing Segment Rule
B) Chart Account Balancing Rule
C) Chart of Account Rule
D) Segment qualifier

3. Which three rule types are used to build an account rule?

A) Segment
B) System Transaction Identifiers
C) Value Set
D) Account Combination
E) Mapping Set

4. Identify the two items that the intercompany Reconciliation reports display.

A) intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
B) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction
C) clearing company balance lines
D) 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

5. What can be used to restrict the events selected for accounting when users submit the Accounting Process?

A) EventClasses
B) Batch Name
C) Journal Line Types
D) Process Category
E) Event Types

Solutions: