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

"Oracle Fusion Financials 11g General Ledger Essentials", also known as 1Z0-508 exam, is a Oracle Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 127 Q&As to your 1Z0-508 Exam preparation. In the 1Z0-508 exam resources, you will cover every field and category in Oracle Applications Certification helping to ready you for your successful Oracle Certification.

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  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Oracle Applications
  • Updated: Sep 11, 2026
  • No. of Questions: 127 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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Oracle 1Z0-508 Exam Syllabus Topics:

SectionObjectives
Journal Processing- Journal approval workflows
- Creating and managing journals
- Recurring journals and allocations
Ledger and Accounting Processes- Period close process
- Posting journals to ledger
- Accounting calendar periods
General Ledger Setup- Chart of Accounts structure
- Ledger configuration and setup
- Currency and calendar setup
Security and Access Control- Role-based access control
- Ledger security rules
Reporting- Financial statements generation
- Standard and ad-hoc reporting

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Which task is NOT allowed when spreading data for time periods in Microsoft Excel?

  • A. spreading data in a summary time period that includes members and mixed currency types
  • B. spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none
  • C. temporarily locking the values of certain cells while spreading data over time periods
  • D. spreading the value of a summary time period to its base time periods or to the first parent or first child of the parent time period
  • E. spreading values among children and parents proportionally, based on existing distribution
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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The tables, of views, from which Create Accounting takes source data to use in rules and create entries are referred to as_________.

  • A. Event Classes
  • B. Mapping Sets
  • C. Accounting attributes
  • D. Event Entities
  • E. Transaction Objects
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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At which two levels do you need to enable the approval process you start defining it?

  • A. Journal
  • B. Source
  • C. Category
  • D. Ledger
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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

Correct Answer: C  🗳️

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

Correct Answer: B  🗳️

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