Free Oracle 1Z1-508 Exam Dumps Questions & Answers

You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

• A.  SmartVIew
• B.  Financial Reporting studio
• C.  Web ADI
• D.  Application Development Framework Integration

What are the key performance metrics for Oracle Fusion Financials?

• A.  Project Performance, Financial Management, Budget Details and Cost Details
• B.  Expenses, Revenue, Balance Sheet, Cash Flow, Budget versus Actual, Asset Usage, Liquidity, Financial Structure and GL Balance
• C.  Spend by Category, Spend by Supplier, Spend by Organization and Item Detail
• D.  Pipelinefunnel. Opportunity Details, Forecast and Actual versus Quota and Forecast versus Pipeline
• E.  Requisitions. Vacancy Analysis, Recruitment Pipeline and Offer Analysis

When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.

• A.  Run additional reports using a number of varied currency conversion rates
• B.  Add a ledger-balancing line in the intercompany Receivables account and rerun the report
• C.  Add a ledger-balancing line in the intercompany Payables account and rerun the report
• D.  Run the report using an additional common currency conversion rate

To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

• A.  specify the account of account intercompany receivables only
• B.  specify the chart of accounts intercompany payables only
• C.  specify the chart of account Intercompany receivables accounts, Intercompany payables accounts, the source and the category
• D.  specify the chart of account intercompany receivables and intercompany payables accounts

A client is implementing Fusion Accounting Hub for their external receivable system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification Information. The client wants the accounting amounts to be tracked by customer classification, but NOT necessarily in a Chart of Accounts segment. How can this be solved?

• A.  Capture it as a source and develop custom report.
• B.  Use Open account balances listing.
• C.  Use the Third Party control account feature.
• D.  Change the Chart of Accounts structure to include customer classification; there is no other option.
• E.  Use supporting references to capture customer classification.