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

  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Aug 01, 2026     Q & A: 127 Questions and Answers

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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.

A) hierarchy between the organization and its departments and functional divisions only
B) Hierarchy between the organization and its departments, and between the departments and their respective functional divisions
C) Hierarchy between departments only
D) Hierarchy between functional divisions only


2. Identify the two valid EPM Workspace features that designers incorporate into Books to enable viewers perform tasks.

A) Related Content
B) Email inks
C) Prompt
D) User POV
E) XML, HTML & PDF


3. Choose the two options that need to be enabled for Journal Approval.

A) Journal Source
B) Ledger level
C) Account
D) Batch level


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


5. Identify the valid data source where key Figure Manager is used for Financial Reporting.

A) SAP BW
B) Planning
C) Financial Management
D) MSOLAP
E) EssBase


Solutions:

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

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