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

1Z1-508 Exam Simulator
  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Jul 22, 2026
  • Q & A: 127 Questions and Answers
  • Oracle 1Z1-508 Q&A - in .pdf

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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. There is a performance issue with new account hierarchies. Which setting would you update to improve performance?

A) Row set
B) Column set
C) Parent Child Relationship
D) ADF Business component View Objects


2. How do you identify errors in the accounting calendar?

A) An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
B) A calendar with errors can NOT be saved.
C) Run the Transaction Calendar Concurrent Process.
D) Run the Create Accounting Process.


3. Which attribute does NOT need to be considered when creating intercompany transaction?

A) Default Organization contact
B) Legal Entity
C) Default Transaction Type
D) Receivables and Payables Business Units


4. Identify the business intelligence component that enables you to explore and interact with information by visually presenting data in tables, graphs, and pivot tables.

A) Oracle Business Intelligence- Enterprise Edition
B) BI Composer
C) Analysis Editor
D) Oracle Business Intelligence Applications
E) Oracle Transaction Business intelligence


5. The Link Journal Lines option in a Journal Line Rule is set to "Copy from Corresponding Line."
What would this do?

A) builds account for a journal line using segments from the offsetting entry of the current journal line
B) copies the accounting dale from a previous journal
C) copies the accounted amount from a previous journal
D) copies the description from the debitline to the credit line
E) copies from a previous journal line


Solutions:

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

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