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1Z0-508 - Oracle Fusion Financials 11g General Ledger Essentials - Dump Information

Vendor : Oracle
Exam Code : 1Z0-508
Exam Name : Oracle Fusion Financials 11g General Ledger Essentials
Questions and Answers : 127 Q & A
Updated On : December 14, 2017
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1Z0-508 Questions and Answers


Explanation:

Permissions and privileges can be assigned to users directly or through membership in application roles or Catalog groups. From another perspective, permissions and privileges can be assigned explicitly or effectively. Effective permissions and privileges are assigned indirectly through inheritance from application roles or Catalog groups, which is the recommended approach for assignments.

Reference: Oracle Fusion Middleware System Administrator's Guide for Oracle Business Intelligence Enterprise Edition, Managing Security for Dashboards and Analyses


QUESTION: 120

Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?

  1. moving the cursor over projected balances displays the impact a journal will have on accounts
  2. running a trial balance report to reconcile books
  3. getting more detail on a balance by clicking the Show More button
  4. setting notification thresholds in the Account Monitor view

Answer: A


Explanation:

Embedded intelligence provides immediate actionable insight. This feature gives you access to information or data to help you complete your transactions. In some instances, embedded intelligence can offer suggestions or recommendations. In other instances, it can offer predictive intelligence. Embedded intelligence appears on the same page as your transaction, enabling you to always remain in the context of your task, and eliminates the need to query or run reports.
Note: You’re ready to take action to resolve the balance issue by modifying the suspect journal line. This edit can be accomplished inline. So how do you know what impact your edit will have on the account balance? This is where embedded intelligence comes in to play.
Incorrect answers:
C: Oracle Fusion Detail on Demand.
Example: Clicking the Show More link lets you see all the nonrequired fields associated with the journal batch

Reference:

Get It Done Fast, Get It Done Right: The Oracle Fusion Financials User Experience

QUESTION: 121


Choose the three interfaces that integrate with SmartView to view, import, manipulate, distribute and share data.

  1. Microsoft Excel
  2. Microsoft Access
  3. Microsoft Word
  4. Microsoft PowerPoint
  5. Microsoft Notes

Answer: A, C, D


Explanation:

Using Smart View, you can view, import, manipulate, distribute and share data in Microsoft Excel, Word, Outlook and PowerPoint interfaces.

QUESTION: 122

Which accounting attribute group will capture a customer’s accounting invoice and the cash applied to that invoice?

  1. Distribution identifiers
  2. Business Flow
  3. Tax attribute
  4. System Transaction identifiers

Answer: D


Explanation:

System transaction identifiers provide a link between an accounting event and its associated transaction or document. An identifier is the primary key of the underlying subledger transaction, usually the name of the surrogate key column on the transaction (header) associated with the accounting event. At least one system transaction identifier must be defined for the accounting event class. When an accounting event is captured, system transaction identifiers, along with other required event data, are validated for completeness. Use event entities to tie subledger transaction entities with their accounting representation. The Financial Services Accounting Hub uses event entities to maintain the system transaction identifiers that uniquely identify the subledger transactions associated with the accounting events.
Incorrect answers:
A: distribution identifier

(Oracle Subledger Accounting) A distribution identifier corresponds to the sources that form the unique key of transaction distributions. Examples of distribution identifiers include invoice_distribution_id and distribution_id.

QUESTION: 123

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
.

  1. Chart Account Balancing Rule
  2. Balancing Segment Rule
  3. Chart of Account Rule
  4. Segment qualifier

Answer: D


Explanation:

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 one chart 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

QUESTION: 124

Which attribute does NOT need to be considered when creating intercompany transaction?

  1. Legal Entity
  2. Receivables and Payables Business Units
  3. Default Organization contact
  4. Default Transaction Type

Answer: C


Explanation:

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.

QUESTION: 125

Identify the valid data source where key Figure Manager is used for Financial Reporting.

  1. EssBase
  2. Financial Management
  3. Planning
  4. SAP BW
  5. MSOLAP

Answer: D


Explanation:

Key Figure Manager is used against an SAP BW data source only.

Reference:

Using the Key Figure Manager for Financial Reporting

QUESTION: 126

Oracle Business Intelligence Enterprise Edition (OBIEE) allows buttons to create, manage, and invoke the task functionality within the application. What framework is used to set them up?

  1. Resource Description Framework (RDF)
  2. Action Framework
  3. Seed Data Framework (SDF)
  4. Security Framework
  5. Application Development Framework (ADF)

Answer: B


Explanation:

The Oracle Business Intelligence 11g Action Framework makes it possible to set up navigation paths to critical information that can be displayed on analyses right next to users’ data. These paths—or
“action links”—can bring up related reports or Websites, or they can enable users to
complete business processes by performing actions that access separate applications. Action links are displayed as contextual menus and can contain either mandatory or optional items, depending on conditions you have defined.
Incorrect answers:
E: Oracle ADF Faces is based on the JavaServer Faces (JSF) JSR 127 specification. Oracle ADF Faces components are used in the user interfaces of the application. These components can be used in any IDE that supports JSF.

QUESTION: 127

At which two levels do you need to enable the approval process you start defining it?

  1. Ledger
  2. Source
  3. Journal
  4. Category

Answer: A, C


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    How to install linux for oracle ebs 12.2 installation in virtualbox?. 11 20. new security features in oracle ebs. Oracle e business r12 aldarayn academy lecture 1 duration 1 37 54. 14,524 views. Oracle e business r12 aldarayn academy lecture 2 duration 2 22 15. 5,553 views. order order flags flags options options adpatch upload patch history from filesystem uploadph y n where help y prints help information. Sriharsha paul lead technical architect sriharshapaul yahoom mobile 918197355222 11 location ghana contributions 11i install,patch and maintain. Oracle e business suite r12 applications database administrator certified professional acclaim.
    12.2 patching best practices applying applications technology patches and database patches cont.. database patch set update overlay patches required for use. Click on connect to oracle applications release 12 to launch the login screen. voila !. Use a shared application tier file system in a shared application tier file system installation, the appl_top,. A more detailed view of the oracle e business suite system is offered by the site map, which provides easy access to the numerous features and options that. Note aernatively, you can click the application name link, such as xxx_iprocurement, from the search resu table first to display the read only. To delete the definition of an app, click the delete icon from the search resu table. a confirmation message appears requiring you to confirm the delete. Install ebs r12 startcd download p8639046_r12_generic.zip to srcstager12 startcd oracle ebsr12 stager12 unzip o.
    Patching and maintenance advisors 17 contains proven methodologies for patch application shares full details to successfully complete pre patch,. Install a patch on application the recommended option is that enable maintenance node. to bring the application in maintenance mode. when you enable or. oracle e business suit duration 37 52. mohamed reda 1,948 views. Note you can license addtional products after installation as well.
    The picture is described in the document text. O oracle application testing suite test starter kits for oracle e business suite r12 and.
    Upgrade from ebs 12.2.0 to 12.2.2 exact list of software and patches to download. Note the users and app usage columns are available in oracle e business suite mobile foundation 5.0 for users who have the mobile applications.
    Check the language which you have to install in my exle, i will add canadian french language .

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Details Options Security Fallback Availability Constraints Answer: A, B, C QUESTION: 62 Which three LCMS Objects can have Metadata values assigned to them? (Choose three.) Server Layout Viewer Partition File Manager Theme Answer: B, D, F QUESTION: 63 For which three objects types are custom fields available? (Choose three.) role facility survey workflow curriculum organization QUESTION: 64 What happens when an LMS user tries to delete an equipment category which contains equipment items? It is not possible to delete the category that contains equipment items. The category and all equipment belonging to the category will be deleted. The category will be removed from the Equipment Profiles of all equipment belonging to the category. It depends on whether equipment belonging to the category is being assigned to any session. Answer: D QUESTION: 65 Which three LCMS elements are part of the "interactive" element category? (Choose three.) Drag and Drop Mouseover Element Media Element Survey element Simulation Element Glossary Element Command Element Reference Element Answer: B, D, E QUESTION: 66 In LMSwhich button is available from the Pending Request category? Cancel Historical Requests Defer Email QUESTION: 67 Which settings are included in an LCMS animation layout? (Choose four.) delay order width height speed position duration transition Answer: A, E, F, H Reference: www.outstart.com/producthelp/evolution/2011/index.html?page=topics%2 F75.html QUESTION: 68 If you wanted to allow multiple lines of text as metadata, which 'Edit Type' would you use? 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(Choose all that apply.) install encode archive encrypt compress unencrypt Answer: B, C, E Question: 77 When you configure NFS export settings for a share point, selecting "Map All users to nobody" _. prevents export of any items or contents to any users tell the NFS server to treat every user the same: as nobody tells the NFS server to trust what the client reports for user identification creates a shared user list of valid IP addresses to communicate with via NFS Answer: B Question: 78 Using the Windows service in Server Admin, Mac OS X Server v10.3 can be configured to . (Choose all that apply.) allow Guest access reshare NFS volumes be an Active Directory server be a Primary Domain Controller be a member of a Windows workgroup Answer: A, D, E Question: 79 In Mac OS X Server v10.3, you should enable strict locking when you are sharing a volume over . FTP only AFP only SMB only AFT and FTP AFP and SMB Answer: E Question: 80 Network users often have multiple passwords, a distinct password for each network service they access. Which is NOT a valid way to simplify this situation for users in Mac OS X v10.3? Set up a Kerberos environment on the network. Have users store their login information for different servers in Keychain. Set up a directory service to make user and password information available to all computers. Have users access network servers without authenticating, using the Network icon in the Finder-rather than using the Connect Server command, which requires users to authenticate. Answer: D Question: 81 Which is an appropriate FIRST step when performing a software update on multiple computers That have Mac OS X v10.3? Restart each computer in single-user mode. On one computer, choose Download Checked items from the update menu in Software update. On one computer, choose copy update to multiple computers from the update menu in software update. Copy the Software Update preferences from a computer on which the update has been installed to all the other computers. Answer: B Question: 82 You are in a Terminal window, and your current directory is your home directory. What could you Type to display the contents of the file named my file? Which resides in your home directory? cat My File cat /Myfile cat~MyFile cat./MyFile cat ~/MyFile Answer: A, D, E Question: 83 Which statements are true about Open Directory? Choose all that apply Open Directory is extensible via plug-ins. Open Directory runs on Mac OS X Server only. Open Directory does NOT provide load balancing. You manage Open Directory using Open Directory Assisyant. An Open Directory server can function as a windows Primary Domain Controller. Answer: A, E Question: 84 What does the Console utility do? Displays log files Controls monitor setup. 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