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

1Z0-508 real exams

Exam Code: 1Z0-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Aug 14, 2026

Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Overview- Oracle Fusion General Ledger Architecture
- Ledger Concepts and Configuration
- Chart of Accounts Structure
Topic 2: Period Close Process- Financial Close Workflow
- Period Open and Close Activities
- Reconciliations and Adjustments
Topic 3: Accounting Setup and Configuration- Accounting Calendar Setup
- Ledger and Currency Setup
- Subledger Accounting Configuration
Topic 4: Multi-Currency and Consolidation- Financial Consolidation Concepts
- Intercompany Accounting
- Currency Translation
Topic 5: Reporting and Inquiry- Account Analysis and Inquiry Tools
- Financial Statements Generation
- Financial Reporting Center
Topic 6: Journal Processing- Journal Import and Posting
- Manual Journal Entries
- Recurring Journals

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance ____________.

A) By primary balancing segment values only
B) By account values
C) By legal entity only
D) By both legal and balancing segments values


2. Which is an INCORRECT Function for Fusion intercompany?

A) The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
B) You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.
C) You can use a simple setup in which you define one rule for your chart of accounts.
D) Intercompany enables you to have a more granular set of rules.


3. Choose four applications for which SmartView provides a common Microsoft Office interface.

A) Oracle Enterprise Performance Management Workspace, Fusion Edition
B) Oracle Hyperion Planning, Fusion Edition
C) Oracle E-Business Suite Release 11g
D) Oracle Hyperion Financial Management, Fusion Edition
E) Oracle Business Intelligence Enterprise Edition
F) Oracle Essbase


4. The Profitability Dashboard providers visibility into a company's performance. Which indicator is via the Profitability Dashboard?

A) Recruitment
B) Return on Equity
C) Suppliers
D) Pipeline
E) Budget


5. What are two reasons for using scorecards?

A) an objective and its supporting child objectives
B) Dimension Pinnings
C) Gauges
D) Assessment Mappings
E) KPIs are represented hierarchically


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: A,B,D,E
Question # 4
Answer: B
Question # 5
Answer: A,E

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