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

1Z0-508
  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Oct 05, 2026
  • Q & A: 127 Questions and Answers
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Oracle 1Z0-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

Transactions may involve multiple currencies that require a common currency to make the reports meaningful. What are the amounts Oracle Business Analytics Warehouse uses to store currency?

  • A. Currency Code, Currency Name
  • B. Currency Symbol, Currency Name
  • C. Report Currency
  • D. Global Currency (two common currencies), Document Currency,Local Currency
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

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

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

Correct Answer: A,E  🗳️

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

Question #3

In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance ____________.

  • A. By both legal and balancing segments values
  • B. By legal entity only
  • C. By account values
  • D. By primary balancing segment values only
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

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

  • A. copies the accounted amount from a previous journal
  • B. copies from a previous journal line
  • C. copies the description from the debitline to the credit line
  • D. copies the accounting dale from a previous journal
  • E. builds account for a journal line using segments from the offsetting entry of the current journal line
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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

Question #5

In Oracle Fusion Applications, a calendar can only have ___________.

  • A. Multiple period frequencies and period types
  • B. Oneperiod frequency and period type
  • C. Multiple period frequencies
  • D. Multiple period types
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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

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