Oracle 1Z0-508 Q&A - in .pdf

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Sep 12, 2026
  • Q & A: 127 Questions and Answers
  • Printable Oracle 1Z0-508 PDF Format. It is an electronic file format regardless of the operating system platform.
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Oracle 1Z0-508 Q&A - Testing Engine

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Sep 12, 2026
  • Q & A: 127 Questions and Answers
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Oracle 1Z0-508 Exam Syllabus Topics:

SectionWeightObjectives
Multi-Currency and Intercompany Accounting15%- Foreign currency transactions and revaluation
- Translation and consolidation processes
- Intercompany transactions and reconciliation
- Currency configuration and daily rates
Journal Entries and Processing20%- Creating, importing, and posting journals
- Allocation and periodic entries
- Reversing, correcting, and reviewing journals
- Approval workflows and rules
Integration and Security8%- Integration with Subledger Accounting
- Data access and security policies
- Accounting Hub and third-party integration
Chart of Accounts Configuration20%- Value sets, segments, and hierarchies
- Account combinations and security rules
- Designing and defining chart of accounts structure
- Cross-validation and segment validation rules
Overview of Oracle Fusion Financials and General Ledger10%- General Ledger role within the financial ecosystem
- Key features and benefits of Fusion General Ledger
- Fusion Financials architecture and deployment options
Period Close and Reconciliation15%- Reconciliation with subledgers
- Trial balance and period-end adjustments
- Period close process and monitor
- Opening and closing accounting periods
Financial Reporting and Inquiry12%- Financial Reporting Center and OTBI
- Reporting tools and integration options
- Account Monitor and Account Inspector
- Balances and transaction inquiry

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

Identify two INVALID features of POV in Financial Reporting Studio.

  • A. POV book is specific to any report or grid object in report in that book.
  • B. To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.
  • C. Multiple grids cannot be Included in a report.
  • D. All POVs allow a single member to be set for a dimension.
  • E. 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.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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Question #2

How can you restrict access to dashboards, dashboard pages, and other presentation catalog objects?

  • A. Create a custom dashboard In Oracle Business Intelligence Enterprise Edition (OBIEE).
  • B. Assign object security to predefined groups.
  • C. Use membership controls to limit user access.
  • D. Use the security filter.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

The lowest level of granularity at which a journal entry rule set can be assigned is_____________.

  • A. Event Entities
  • B. Journal line Rules
  • C. Event Classes
  • D. Events
  • E. Event Types
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

The Receivables and Payables accounts that are automatically generated by intercompany transactions use rules and attributes in what order?

  • A. Ledger entity Level Rules; ledger Level Rules; Chart of Account Rules; Primary Balancing Segment Rules
  • B. Ledger Level Rules;Primary Balancing Segment Rules;Ledger Entity Level Rules; Chart of Accounts Rules
  • C. Chart of Account Rules; Ledger Entity Level Rules, Primary Balancing Segment Rules; Ledger Level Rules
  • D. Chart of Account Rules; Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules
  • E. Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules;Chart of Account Rules
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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Question #5

Identify the two steps that must be completed when performing Accounting Configuration

  • A. Create Reporting Currencies
  • B. Create Legal Entities
  • C. Create Primary Ledgers
  • D. Open First Period
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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