Oracle 1Z1-508 : Oracle Fusion Financials 11g General Ledger Essentials

1Z1-508 real exams

Exam Code: 1Z1-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Aug 12, 2026

Q & A: 127 Questions and Answers

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Oracle 1Z1-508 Exam Syllabus Topics:

SectionObjectives
General Ledger Setup- Currency and calendar setup
- Chart of Accounts structure
- Ledger configuration and setup
Journal Processing- Recurring journals and allocations
- Creating and managing journals
- Journal approval workflows
Security and Access Control- Role-based access control
- Ledger security rules
Ledger and Accounting Processes- Period close process
- Accounting calendar periods
- Posting journals to ledger
Reporting- Standard and ad-hoc reporting
- Financial statements generation

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify the SmartView Ribbon command that is used to display levels in the Member hierarchy.

A) Zoom in and Zoom out
B) Drill Through
C) Cascade
D) Query


2. Identify the two valid EPM Workspace features that designers incorporate into Books to enable viewers perform tasks.

A) Email inks
B) User POV
C) Related Content
D) XML, HTML & PDF
E) Prompt


3. Identify two valid points to be considered when configuring the workspace database connection.

A) Ledgersetup has to be completed after the database connection is created.
B) Multiple cubes can be defined for each combination of the chart of accounts and the accounting calendar.
C) Cubes are created as part of ledger setup.
D) An ODBC connection is always required.
E) A database connection is needed for each cube.


4. Identify two INVALID features of POV in Financial Reporting Studio.

A) To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.
B) A memberselection function with CurrentPOV as the member parameter changes to a User POV when members are selected from a row, column or page axis on a grid.
C) Multiple grids cannot be Included in a report.
D) POV book is specific to any report or grid object in report in that book.
E) All POVs allow a single member to be set for a dimension.


5. Oracle Business Intelligence Enterprise Edition is available through the iPhone and iPad devices. Which BI object content is NOT visible through a mobile device?

A) Analysis, including analytic actions
B) Briefing Book, limited to alert visible in the Alerts list
C) Scorecard, including analytic actions
D) Dashboard Page, including analytic actions
E) Action


Solutions:

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

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