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

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Aug 20, 2026
  • Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

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

1. In the Essbase database source, how do you identify duplicate members?

A) display qualified names instead of the member names
B) use member Information
C) use an alias name for a database member
D) use the member perspective


2. Choose the Oracle application that will automatically update the chart of accounts values and Hierarchies across multiple Oracle E-Business Suite and Oracle Fusion instances through a single application.

A) Oracle Business Intelligence Enterprise Edition
B) Oracle Fusion Accounting Hub
C) Oracle Hyperion Data Relationship Management
D) Oracle Fusion General Ledger Suite


3. Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.

A) the maintenance of Trading Community Data
B) Chart of Accounts Hierarchy maintenance
C) data access and security
D) data modeling
E) Chart of Accounts Master Data maintenance


4. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A) specify the chart of accounts intercompany payables only
B) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
C) specify the chart of account intercompany receivables and intercompany payables accounts
D) specify the chart of account intercompany receivables only


5. To open a period without going into the Setup and Maintenance work area you can maintain the period statuses of ledger from the ___________ work area.

A) Account Monitoring
B) General Ledger Journals
C) Manage Revaluations
D) Process Monitoring


Solutions:

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

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