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

1Z0-508 real exams

Exam Code: 1Z0-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Aug 15, 2026

Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify the set up that needs to be completed before you can use cubes.

A) FSG
B) Ledger
C) Report Builder
D) Microsoft Office


2. Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

A) Debit ledgers
B) Currency Ledgers
C) Level ledger update
D) Single Ledger
E) Related ledgers
F) Ledger Set


3. Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?

A) View the Projected Balances Region on the Create Journal page
B) View the Account Inquiry window
C) Run Trial Balance.
D) Run the Journals- (132 Char) Report.


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

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


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

A) By primary balancing segment values only
B) By both legal and balancing segments values
C) By account values
D) By legal entity only


Solutions:

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

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