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Oracle 1Z0-508

1Z0-508

Exam Code: 1Z0-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Sep 09, 2026

Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Setup- Chart of Accounts structure
- Ledger configuration and setup
- Currency and calendar setup
Topic 2: Ledger and Accounting Processes- Accounting calendar periods
- Posting journals to ledger
- Period close process
Topic 3: Journal Processing- Creating and managing journals
- Recurring journals and allocations
- Journal approval workflows
Topic 4: Reporting- Financial statements generation
- Standard and ad-hoc reporting
Topic 5: Security and Access Control- Role-based access control
- Ledger security rules

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

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


Question #2
Identify the set up that needs to be completed before you can use cubes.

A. FSG
B. Ledger
C. Microsoft Office
D. Report Builder


Question #3
Transaction objects in Fusion Accounting Hub are associated to_____________.

A. Journal Line Types
B. Event Classes
C. Event Entities
D. Event Types


Question #4
Identify the two valid EPM Workspace features that designers incorporate into Books to enable viewers perform tasks.

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


Question #5
Identify two INVALID features of POV in Financial Reporting Studio.

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


Solutions:

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

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