free Oracle 1Z0-508 pdf download (May 2016)
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Most up-to-date 1Z0-508 Simple Questions Latest Practice Test Questions VCE PDF Dumps
Qustion No. 1
Identify the two valid EPM Workspace features that designers incorporate into Books to enable viewers perform tasks.
A. Prompt
B. User POV
C. XML, HTML & PDF
D. Related Content
E. Email inks
Answer: A,B
Explanation: A: Some reports are designed with prompts, which are displayed when you view the reports or books containing the reports. You respond to prompts and provide requested information by selecting members from prompt lists. You can edit prompts manually. If prompts contain alias names, you convert them to member names.
B: Dimensions often contain members that you may never access. Setting up the user POV enables you to create a choices list for any dimension in a specified data source, where only the members in the choices list are displayed when the dimension is accessed from the user POV. When a report is added to a book, the dimensions that are on the user POV in the report definitions are applied to the book POV. Members on the book POV default to the user POV in the Book Editor.
Note: Books are created, edited, and savedin EPM Workspace.
Reference: Oracle Hyperion Financial Reporting, User's Guide,Setting Up the User POV for Financial Reporting Documents
Qustion No. 2
In Member Selection, which three operators and symbols enable you to display members based specified criteria?
A. Left parenthesis
B. Right parenthesis
C. AND operator
D. Union operator
E. Double parentheses
Answer: C,D,E
Explanation: Boolean operators enable you to specify member combinations in your report. You use the AND, OR, UNION, and NOT Boolean operators, combined with member expressions, to refine your member selections.
Example:(Children of East OR Children of West) AND Members where.UDA=Major Market
Reference: Selecting Members with Advanced Expressions
Qustion No. 3
Transaction objects in Fusion Accounting Hub are associated to_____________.
A. Event Types
B. Event Entities
C. Journal Line Types
D. Event Classes
Answer: D
Explanation: For each event class, register the transaction objects that will hold source data for the event types in that class.
Note: Transaction objects are the views and tables that store transaction data in the standardized form required by the Create Accounting program.
Reference: Oracle Fusion Accounting Hub Implementation Guide, Register the Source System and Define Events Information
Qustion No. 4
Identify the two steps that must be completed when performing Accounting Configuration
A. Create Legal Entities
B. Create Primary Ledgers
C. Create Reporting Currencies
D. Open First Period
Answer: A,B
Explanation: The Setup and Maintenance work area in the Oracle Fusion Applications is used to manage the configuration of legal entities, ledgers, and reporting currencies that comprise your accounting configuration. To create a new legal entity or ledger, your implementation consultant or system administrator must create an implementation project. This implementation project can be populated by either adding a financials related offering or one or more task lists.
Reference: Oracle Fusion Applications Financials Implementation Guide, Accounting Configuration: Overview
Qustion No. 5
Which three tasks that can be performed by using Account inspector in the Account Monitor choice list?
A. Interactively perform ad hoc inquiries on the financial balances.
B. Export a custom pivot table to Microsoft Excel.
C. Drill down to the detailed balances within a custom pivot table.
D. Close selected accounts and periods that appear in the pivot table.
E. Do not use a pivot table.
Answer: A,B,C
Explanation: Account Monitor is fully integrated with the online multidimensional analysis tool called the Account Inspector. With the Account Inspector, the user can:
* (A) Perform ad hoc multidimensional pivot table analysis
* Review charts based on the Account Monitor data
* (C) Use drill down from the Account Monitor from any parent to the next parent or child level
* Perform drill down from any child level to detail balances, journal lines, and subledger transactions
Note on B:
You can choose to review reports in your preferred format such as, HTML, PDF, or Microsoft
Excel.
Note:
A:Account Inspectoris useful for ad-hoc inquiries against an account.
C: Account Monitor and Account Inspector: Financial analysts monitor and track key account balances in real time at every level of your dimensions and hierarchies. These tools provide multidimensional account analysis and drill down capability.
Reference: Fusion Applications Help, Financial Reporting Center: Explained
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