Oracle Fusion Financials 11g General Ledger Essentials : 1Z0-508 Exam Questions

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Oct 07, 2026
  • Q&As: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?

  • A. Use cell formulas to write efficient formulas rather than row or column formulas.
  • B. Use multiple data segments for formatting or calculating.
  • C. Create reusable objects and row and column templates.
  • D. Use Function on expanded data segments that are NOT placed on separate rows or columns.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

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Question #2

Choose the four steps required to create and use the chart of accounts.

  • A. Publish Account Hierarchies.
  • B. Create Value Set Values.
  • C. Create Value Sets.
  • D. Create Chart of Accounts Structure.
  • E. Create Account Hierarchies.
  • F. Create Chart of Accounts Structure Instance.
Reveal Solution  Discussion  0

Correct Answer: B,C,D,E  🗳️

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Question #3

You have been given a task to update a calendar by adding a new period to it. What is the quickest way to perform this task?

  • A. Manually add the periods.
  • B. The application automatically populates the next period.
  • C. Run the Other - Calendar Validation Report.
  • D. Use the Add Year button.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

What are the two functions that Oracle Fusion Approvals Management (AMX) merges to approve journal flow?

  • A. Oracle Approvals Management (AME)
  • B. Oracle PeopleSoft Approvals (AWE)
  • C. Oracle Workflow
  • D. Business Process Execution Language (BPEL)
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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Question #5

Which three options tan you use from the Generate Allocations link to open the Submission page?

  • A. Print Output
  • B. E-mail the output
  • C. Fax the output
  • D. Automatically save it as an Excel file
  • E. Notification when this process ends
Reveal Solution  Discussion  0

Correct Answer: A,B,E  🗳️

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