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

Exam Code: 1Z1-508
Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
Updated: Oct 06, 2026
Q&As: 127 Questions and Answers

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Oracle 1Z1-508 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Period Close and Reconciliation	15%	- Reconciliation with subledgers - Opening and closing accounting periods - Trial balance and period-end adjustments - Period close process and monitor
Topic 2: Chart of Accounts Configuration	20%	- Value sets, segments, and hierarchies - Account combinations and security rules - Designing and defining chart of accounts structure - Cross-validation and segment validation rules
Topic 3: Journal Entries and Processing	20%	- Creating, importing, and posting journals - Allocation and periodic entries - Approval workflows and rules - Reversing, correcting, and reviewing journals
Topic 4: Integration and Security	8%	- Accounting Hub and third-party integration - Integration with Subledger Accounting - Data access and security policies
Topic 5: Financial Reporting and Inquiry	12%	- Financial Reporting Center and OTBI - Balances and transaction inquiry - Account Monitor and Account Inspector - Reporting tools and integration options
Topic 6: Overview of Oracle Fusion Financials and General Ledger	10%	- Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger - General Ledger role within the financial ecosystem
Topic 7: Multi-Currency and Intercompany Accounting	15%	- Currency configuration and daily rates - Translation and consolidation processes - Foreign currency transactions and revaluation - Intercompany transactions and reconciliation

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

Identify two correct behaviors of conditional suppression of rows and columns.

A. When the Hide Always chock box is selected for a row or column, you can ignore the values and calculations in hidden rows and columns.
B. The calculation does NOT consider suppressed rows.
C. If an entire row or column meets the criteria specified for conditional suppression, the entire row or column is hidden.
D. If only some of the cells in a row or column meet the criteria specified for conditional suppression, the row or column is hidden.

Reveal Solution Discussion 0

Correct Answer: A,C 🗳️

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Question #2

Journal Approval has been enabled, however, the journal did NOT submit to the appropriate manager for approval. Which three additional steps must, be performed for the approval process to work?