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Oracle 1Z1-508

1Z1-508

Exam Code: 1Z1-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Jun 20, 2026

Q & A: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. The life cycle of a transaction's accounting impact is modeled by using__________.

A) Event Classes and Types
B) Process Categories
C) Event Entities
D) Journal Categories
E) Journal Sources


2. 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.


3. Which components are used to perform ETL and prebuilt ETL logic while setting up Oracle Business Intelligence Enterprise Edition?

A) Oracle Business Analytics Warehouse and Oracle BI Presentation Services
B) Functional Setup Manager and Configuration Manager
C) Oracle BI Server and OLIP data source
D) Information PowerCenter Servicer, and Informatics Repository
E) Metadata Repository and BI Presentation Services Catalog


4. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A) Application Development Framework Integration
B) SmartView
C) Web ADI
D) Financial Reporting Studio


5. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
B) specify the chart of account intercompany receivables and intercompany payables accounts
C) specify the chart of account intercompany receivables only
D) specify the chart of accounts intercompany payables only


Solutions:

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

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