• Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Applications
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1Z1-508
  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Oct 12, 2026
  • No. of Questions: 127 Questions and Answers
  • Download Limit: Unlimited

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Oracle 1Z1-508 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Journal Entries and Processing20%- Creating, importing, and posting journals
- Approval workflows and rules
- Reversing, correcting, and reviewing journals
- Allocation and periodic entries
Topic 2: Period Close and Reconciliation15%- Trial balance and period-end adjustments
- Opening and closing accounting periods
- Reconciliation with subledgers
- Period close process and monitor
Topic 3: Integration and Security8%- Integration with Subledger Accounting
- Accounting Hub and third-party integration
- Data access and security policies
Topic 4: Multi-Currency and Intercompany Accounting15%- Currency configuration and daily rates
- Intercompany transactions and reconciliation
- Foreign currency transactions and revaluation
- Translation and consolidation processes
Topic 5: Financial Reporting and Inquiry12%- Balances and transaction inquiry
- Financial Reporting Center and OTBI
- Account Monitor and Account Inspector
- Reporting tools and integration options
Topic 6: Overview of Oracle Fusion Financials and General Ledger10%- General Ledger role within the financial ecosystem
- Fusion Financials architecture and deployment options
- Key features and benefits of Fusion General Ledger
Topic 7: Chart of Accounts Configuration20%- Cross-validation and segment validation rules
- Value sets, segments, and hierarchies
- Designing and defining chart of accounts structure
- Account combinations and security rules

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Why would an end user use BI Composer?

  • A. To bundletheentire catalog, specific folders, or multi component objects for archiving
  • B. To export report, KPI and analysis prompt values and data as PDF, MHTML, XLS and CVS files.
  • C. To restrict user access only to the data for which they are authorized
  • D. To set a specific set of dimension values
  • E. To leverage a wizard to create, edit orview analyses outside of the Analysis Editor
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

A company has the second and third balancing segment enabled for its chart of accounts, and the journal is balanced by the primary balancing segment but is out of balance by the second and third balancing segment. This is an example of ____________.

  • A. Segment qualifier
  • B. Chart of Account Rule
  • C. Balancing Segment Rule
  • D. Chart Account Balancing Rule
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?

  • A. Data is automatically available in Oracle Business intelligence through the transaction tables and cubes.
  • B. Use the Migrate Oracle Fusion Financials function within the Setup and Maintenance work area.
  • C. Enable the offerings in the Manage BI Applications dialog box.
  • D. Select the Business Intelligence check box for the Chart of AccountsInstance.
  • E. Select the Enable for Implementation check box.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

Select the appropriate financial Reporting Center functionality that helps users to view, input, manipulate, distribute and share data from the General Ledger balances to Microsoft Excel.

  • A. Smart View
  • B. Financial Reporting Studio
  • C. Financial Reporting Workspace
  • D. Account Monitor and Account Inspector
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

Identify three tasks that can be performed using the General Accounting Dashboard.

  • A. Pay invoices to a supplier.
  • B. Pay invoices to a contractor.
  • C. Configure user responsibilities.
  • D. Receive instant visibility of transaction statuses.
  • E. Get a high level view of the state of a department.
  • F. Take immediate action and drill down to uncover more detailed information.
Reveal Solution  Discussion  0

Correct Answer: D,E,F  🗳️

Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).

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