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Download DemoVendor: Oracle
Certifications: Oracle Applications
Exam Code: 1Z0-508
Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
Updated: Apr 15, 2024
Q&As: 127
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Why would an end user use BI Composer?
A. To bundletheentire catalog, specific folders, or multi component objects for archiving
B. To restrict user access only to the data for which they are authorized
C. To export report, KPI and analysis prompt values and data as PDF, MHTML, XLS and CVS files.
D. To set a specific set of dimension values
E. To leverage a wizard to create, edit orview analyses outside of the Analysis Editor
Correct Answer: E
BI Composer is a simple-to-use wizard that allows you to quickly and easily create, edit, or view analyses without the complexities of the "Analysis editor".
Reference: Oracle Fusion Middleware User's Guide for Oracle Business Intelligence Enterprise Edition, Using BI Composer to Work with Analyses
When you use allocations, revaluation, or translation to define and maintain your period close component, which three tasks should you perform under the Define Period Close Components parent task in your implementation project?
A. Manage Allocations and Period Entries.
B. Manage Revaluations.
C. Manage General Accounting Dashboard.
D. Manage Historical Rates.
E. Manage intercompany Settlements.
Correct Answer: ABD
If you use allocations, revaluation, or translation, configure the following tasks under the Define Period Close Components parent task in your implementation project: Manage Allocations and Period Entries
Manage Revaluations Manage Historical Rates Reference: Oracle Fusion Accounting Hub Implementation Guide, Period Close Components: Explained
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. Chart Account Balancing Rule
B. Balancing Segment Rule
C. Chart of Account Rule
D. Segment qualifier
Correct Answer: D
Example:
Ledger balancing options are defined for the ledger to balance the second balancing segment and/or the third balancing segment, when a transaction is unbalanced by one of these segments.
Simple ledger balancing option with no clearing company options
In this scenario the enterprise has the second balancing segment and the third balancing segment enabled for its chart of accounts.
Setup
InFusion USA Chart of Accounts
Note: You can define intercompany balancing rules at the following rule levels:
1.Primary balancing segment 2.Legal entity 3.Ledger 4.Chart of accounts The rules are evaluated in the order shown above. For example, you can define a Primary Balancing Segment rule and a Legal Entity level rule. If both rules are used to balance a particular journal, the Primary Balancing Segment rule is used, as it has a higher precedence.
You have flexibility in defining your intercompany balancing rules. You can have a simple setup in which you define one rule for your chart of accounts. This rule is used for all intercompany balancing for all ledgers that use this chart of accounts. Alternatively, you can have a more granular set of rules. For example, you can define a different rule for each legal entity and onechart of accounts rule to cover any gaps in your rule definitions. You can gain even more granularity by defining rules for specific journal and/or category combinations or intercompany transaction types.
Reference:Oracle Fusion Accounting Hub Implementation Guide,Manage Ledger Balancing Options
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