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

  • 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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Oracle 1Z0-508 Exam Syllabus Topics:

SectionWeightObjectives
Multi-Currency and Intercompany Accounting15%- Foreign currency transactions and revaluation
- Intercompany transactions and reconciliation
- Translation and consolidation processes
- Currency configuration and daily rates
Chart of Accounts Configuration20%- Cross-validation and segment validation rules
- Designing and defining chart of accounts structure
- Account combinations and security rules
- Value sets, segments, and hierarchies
Overview of Oracle Fusion Financials and General Ledger10%- Key features and benefits of Fusion General Ledger
- Fusion Financials architecture and deployment options
- General Ledger role within the financial ecosystem
Period Close and Reconciliation15%- Trial balance and period-end adjustments
- Reconciliation with subledgers
- Period close process and monitor
- Opening and closing accounting periods
Journal Entries and Processing20%- Creating, importing, and posting journals
- Allocation and periodic entries
- Reversing, correcting, and reviewing journals
- Approval workflows and rules
Financial Reporting and Inquiry12%- Balances and transaction inquiry
- Financial Reporting Center and OTBI
- Account Monitor and Account Inspector
- Reporting tools and integration options
Integration and Security8%- Accounting Hub and third-party integration
- Integration with Subledger Accounting
- Data access and security policies

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question 1

Which view do you use to set parameters and define the data that is displayed in the SmartView report.

A. Point of View
B. SmrtView
C. SmartCube
D. SmartSlice


Question 2

Why would an end user use BI Composer?

A. To restrict user access only to the data for which they are authorized
B. To export report, KPI and analysis prompt values and data as PDF, MHTML, XLS and CVS files.
C. To bundletheentire catalog, specific folders, or multi component objects for archiving
D. To leverage a wizard to create, edit orview analyses outside of the Analysis Editor
E. To set a specific set of dimension values


Question 3

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

A. Category
B. Source
C. Ledger
D. Journal


Question 4

Identify two valid points to be considered when configuring the workspace database connection.

A. Cubes are created as part of ledger setup.
B. A database connection is needed for each cube.
C. Ledgersetup has to be completed after the database connection is created.
D. Multiple cubes can be defined for each combination of the chart of accounts and the accounting calendar.
E. An ODBC connection is always required.


Question 5

Identify three characters that can NOT be used with the FRExecute command.

A. &
B. (
C. >
D. ;
E. =


Solutions:

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

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