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

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Aug 31, 2026     Q & A: 127 Questions and Answers

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Following are some reference material for actual Oracle 1Z0-508 exam test

Oracle 1Z0-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question 1

Identify the option that needs to be selected at the header level when assigning a header level subledger Journal Rule Set.

A. Accounting Date
B. Supporting Reference
C. Currency
D. Description
E. Ledger


Question 2

With which two options can Mapping Sets validate input values?

A. Value Sets
B. Accounting Segment
C. FlexFields
D. Lookup Types


Question 3

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


Question 4

During implementation, the consultant designated the cost center segment qualifier as the natural account segment qualifier. Select the process that enables you to change the qualifier back.

A. Createa new Chart of Accounts.
B. Change and save the segment qualifier.
C. Run the Move/Merge program.
D. Run the Inheritance program after the change.


Question 5

What are the two functions that Oracle Fusion Approvals Management (AMX) merges to approve journal flow?

A. Business Process Execution Language (BPEL)
B. Oracle PeopleSoft Approvals (AWE)
C. Oracle Workflow
D. Oracle Approvals Management (AME)


Solutions:

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

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