Oracle Oracle Applications 1Z0-508

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. After submitting the journal for approval, you realize the department value in journal is incorrect.
How do you correct the value?

A) Click the Withdraw Approval button on the journal page and edit the journal.
B) Update the journal through a workflow.
C) Delete the journal and create a new journal.
D) Reverse the journal and create a new journal.

2. Identify the SmartView Ribbon command that is used to display levels in the Member hierarchy.

A) Zoom in and Zoom out
B) Query
C) Drill Through
D) Cascade

3. A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?

A) Account Derivation Rules
B) Journal Line Types
C) Secondary Valuation method
D) Adjustments in the General Ledger

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

5. To open a period without going into the Setup and Maintenance work area you can maintain the period statuses of ledger from the ___________ work area.

A) Manage Revaluations
B) General Ledger Journals
C) Account Monitoring
D) Process Monitoring

Solutions: