Vendor: Oracle
Certifications: Oracle Certifications
Exam Code: 1Z0-508
Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
Updated: Aug 13, 2025
Q&As: 127
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A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.
A. One ledger and one Legal Entity
B. Two ledger and two Legal Entities
C. Three Ledger and three Legal Entities
D. One Ledger and three Legal Entities
Correct Answer: C
Select the appropriate financial Reporting Center functionality that helps users to view, input, manipulate, distribute and share data from the General Ledger balances to Microsoft Excel.
A. Account Monitor and Account Inspector
B. Smart View
C. Financial Reporting Workspace
D. Financial Reporting Studio
Correct Answer: B
Oracle Hyperion Smart View for Office (Smart View) is a component of Hyperion Foundation Services. Smart View provides a common Microsoft Office interface designed specifically for Oracle's Enterprise Performance Management (EPM) and Business Intelligence (BI). Using Smart View, you can view, import, manipulate, distribute and share data in Microsoft Excel, Word and PowerPoint interfaces. It is a comprehensive tool for accessing and integrating EPM and BI content from Microsoft Office products.
Which attribute does NOT need to be considered when creating intercompany transaction?
A. Legal Entity
B. Receivables and Payables Business Units
C. Default Organization contact
D. Default Transaction Type
Correct Answer: C
Note: An intercompany transaction is a transaction between two entities with common ownership.
The accounting for intercompany transactions is recorded separate from standard transactions in Oracle Fusion Receivables.
Receivables determines a transaction to be an intercompany transaction based on the first party (legal entity) and third party (bill-to customer) relationship defined in the intercompany accounting setup. When a transaction is marked as
intercompany, the intercompany receivables account is
used for accounting instead of the standard receivables account derived from AutoAccounting.
This applies to transactions both created manually and imported using AutoInvoice.
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