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

"Oracle Fusion Financials 11g General Ledger Essentials", also known as 1Z0-508 exam, is a Oracle Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 127 Q&As to your 1Z0-508 Exam preparation. In the 1Z0-508 exam resources, you will cover every field and category in Oracle Applications Certification helping to ready you for your successful Oracle Certification.

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Oracle Applications
  • Updated: Jul 30, 2026
  • No. of Questions: 127 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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Oracle 1Z0-508 Exam Syllabus Topics:

SectionWeightObjectives
Chart of Accounts Configuration20%- Cross-validation and segment validation rules
- Account combinations and security rules
- Value sets, segments, and hierarchies
- Designing and defining chart of accounts structure
Financial Reporting and Inquiry12%- Financial Reporting Center and OTBI
- Balances and transaction inquiry
- Reporting tools and integration options
- Account Monitor and Account Inspector
Multi-Currency and Intercompany Accounting15%- Intercompany transactions and reconciliation
- Currency configuration and daily rates
- Translation and consolidation processes
- Foreign currency transactions and revaluation
Period Close and Reconciliation15%- Reconciliation with subledgers
- Opening and closing accounting periods
- Trial balance and period-end adjustments
- Period close process and monitor
Integration and Security8%- Accounting Hub and third-party integration
- Integration with Subledger Accounting
- Data access and security policies
Overview of Oracle Fusion Financials and General Ledger10%- Fusion Financials architecture and deployment options
- Key features and benefits of Fusion General Ledger
- General Ledger role within the financial ecosystem
Journal Entries and Processing20%- Allocation and periodic entries
- Approval workflows and rules
- Reversing, correcting, and reviewing journals
- Creating, importing, and posting journals

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify two INVALID features of POV in Financial Reporting Studio.

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


2. An invoice with two lines is entered, later that day an adjustment is made to the invoice to add another line. At the end of the day, the invoice is sent to the Fusion Accounting Hub. How many events would you create?

A) Threeevents: one for invoice creation and two for line creation
B) Fourevents: one for invoice creation, one each for the two lines arid one for the adjustment
C) Oneeventforinvoice creation; adjustment happened before transaction sent to the Fusion Accounting Hub
D) Twoevents: one for invoice creation and one for the adjustment


3. What can be used to restrict the events selected for accounting when users submit the Accounting Process?

A) Process Category
B) Event Types
C) Journal Line Types
D) EventClasses
E) Batch Name


4. Identify the two INVALID output options for batch bursting.

A) Snapshot Reports
B) HTML & MHTML
C) PDF files
D) Books
E) Output to Printer


5. How is an online ad hoc pivot table created?

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


Solutions:

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

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