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Oracle 1Z0-508 Exam Sample Questions

Question: 2

In Oracle Fusion Applications, a calendar can only have ___________.

  1. One period frequency and period type
  2. Multiple period frequencies
  3. Multiple period types
  4. Multiple period frequencies and period types


Answer: A

Explanation:

In Oracle Fusion applications a calendar can only have one period frequency and period type. Therefore, if you have an existing calendar with more than one period type associated with it, during the upgrade from Oracle E-Business Suite, separate calendars are created based on each calendar name and period type combination.

Reference: Fusion Applications Help, Defining Accounting Calendars: Critical Choice

Question: 1

Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?

  1. Run Trial Balance.
  2. Run the Journals- (132 Char) Report.
  3. View the Projected Balances Region on the Create Journal page
  4. View the Account Inquiry window


Answer: C

Explanation:

Use the projected balances feature to view the impact on account balances for selected subledger journal entry lines.

The projected balances flow has the following business benefits:

Creation and validation of unposted manual journal entries by providing knowledge users with immediate and relevant information about the account balances for the selected journal lines. Validation and reconciliation of posted journal entries by providing immediate and relevant information about the account balances for the selected journal lines.

Incorrect answers:

A: Trial Balance: These reports list account balances and activity for your ledger currency and foreign currencies, budgets, encumbrances and actuals. You can request this information by currency, accounts, and so on. The same segment security rules defined for your chart of accounts extend to trial balance reports.

Reference: Fusion Applications Help, Viewing Projected Balances: Points to Consider

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Question: 2

In Oracle Fusion Applications, a calendar can only have ___________.

  1. One period frequency and period type
  2. Multiple period frequencies
  3. Multiple period types
  4. Multiple period frequencies and period types


Answer: A

Explanation:

In Oracle Fusion applications a calendar can only have one period frequency and period type. Therefore, if you have an existing calendar with more than one period type associated with it, during the upgrade from Oracle E-Business Suite, separate calendars are created based on each calendar name and period type combination.

Reference: Fusion Applications Help, Defining Accounting Calendars: Critical Choice

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Question: 2

In Oracle Fusion Applications, a calendar can only have ___________.

  1. One period frequency and period type
  2. Multiple period frequencies
  3. Multiple period types
  4. Multiple period frequencies and period types


Answer: A

Explanation:

In Oracle Fusion applications a calendar can only have one period frequency and period type. Therefore, if you have an existing calendar with more than one period type associated with it, during the upgrade from Oracle E-Business Suite, separate calendars are created based on each calendar name and period type combination.

Reference: Fusion Applications Help, Defining Accounting Calendars: Critical Choice

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Endangered Minds:Why Youngsters Is not going to Believe that and What We will Do In excess of it

The Dumbest Know-how:How the Electronic Age Stupefies Young Individuals and Examcollection 1Z0-508 Vce Jeopardizes Our Upcoming

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Copyright 2009 Susan Franklin

Question: 2

In Oracle Fusion Applications, a calendar can only have ___________.

  1. One period frequency and period type
  2. Multiple period frequencies
  3. Multiple period types
  4. Multiple period frequencies and period types


Answer: A

Explanation:

In Oracle Fusion applications a calendar can only have one period frequency and period type. Therefore, if you have an existing calendar with more than one period type associated with it, during the upgrade from Oracle E-Business Suite, separate calendars are created based on each calendar name and period type combination.

Reference: Fusion Applications Help, Defining Accounting Calendars: Critical Choice

Question: 1

Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?

  1. Run Trial Balance.
  2. Run the Journals- (132 Char) Report.
  3. View the Projected Balances Region on the Create Journal page
  4. View the Account Inquiry window


Answer: C

Explanation:

Use the projected balances feature to view the impact on account balances for selected subledger journal entry lines.

The projected balances flow has the following business benefits:

Creation and validation of unposted manual journal entries by providing knowledge users with immediate and relevant information about the account balances for the selected journal lines. Validation and reconciliation of posted journal entries by providing immediate and relevant information about the account balances for the selected journal lines.

Incorrect answers:

A: Trial Balance: These reports list account balances and activity for your ledger currency and foreign currencies, budgets, encumbrances and actuals. You can request this information by currency, accounts, and so on. The same segment security rules defined for your chart of accounts extend to trial balance reports.

Reference: Fusion Applications Help, Viewing Projected Balances: Points to Consider

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