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

  • 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:

SectionObjectives
Topic 1: Reporting and Inquiry- Account Analysis and Inquiry Tools
- Financial Statements Generation
- Financial Reporting Center
Topic 2: Period Close Process- Reconciliations and Adjustments
- Period Open and Close Activities
- Financial Close Workflow
Topic 3: Accounting Setup and Configuration- Subledger Accounting Configuration
- Ledger and Currency Setup
- Accounting Calendar Setup
Topic 4: Journal Processing- Recurring Journals
- Manual Journal Entries
- Journal Import and Posting
Topic 5: Multi-Currency and Consolidation- Financial Consolidation Concepts
- Intercompany Accounting
- Currency Translation
Topic 6: General Ledger Overview- Chart of Accounts Structure
- Oracle Fusion General Ledger Architecture
- Ledger Concepts and Configuration

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.

  • A. Run the import Chart of Account Segment Values.
  • B. Run the chart of Accounts - Account Hierarchy.
  • C. Run the Program - Optimizer.
  • D. Automatically create or modify the cube in Essbase.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

How is an online ad hoc pivot table created?

  • A. Use Style Templates
  • B. Use the input parameters feature online
  • C. Use the Location feature
  • D. Export to Microsoft Excel to perform data manipulation
  • E. Use Online Analyzer, if granted access by an administrator
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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Question #3

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

  • A. Event Entities
  • B. Journal Sources
  • C. Event Classes and Types
  • D. Journal Categories
  • E. Process Categories
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

Oracle Fusion Accounting Hub is integrated with Oracle Hyperion Data Relationship Management Fusion Edition. What are two primary purposes of this functionality?

  • A. accurately reflects the accounting rules
  • B. stores the identifier for the transaction in the transaction table
  • C. ability to download very large amounts of data
  • D. ability to maintain charts of accounts values and hierarchies in one central location
  • E. a master data management solution for creating and maintaining hierarchies across an enterprise
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

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Question #5

Select the option that helps in sharing Account Rules across applications.

  • A. Same Chart of Accounts
  • B. Transaction Objects
  • C. Same Value Set validation
  • D. Reference Objects
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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