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

1Z1-508

Exam Code: 1Z1-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Jul 21, 2026

Q & A: 127 Questions and Answers

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Oracle 1Z1-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: Period Close Process- Financial Close Workflow
- Reconciliations and Adjustments
- Period Open and Close Activities
Topic 2: Reporting and Inquiry- Financial Reporting Center
- Account Analysis and Inquiry Tools
- Financial Statements Generation
Topic 3: General Ledger Overview- Ledger Concepts and Configuration
- Chart of Accounts Structure
- Oracle Fusion General Ledger Architecture
Topic 4: Journal Processing- Recurring Journals
- Manual Journal Entries
- Journal Import and Posting
Topic 5: Multi-Currency and Consolidation- Currency Translation
- Financial Consolidation Concepts
- Intercompany Accounting
Topic 6: Accounting Setup and Configuration- Accounting Calendar Setup
- Ledger and Currency Setup
- Subledger Accounting Configuration

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Oracle Business Intelligence Enterprise Edition available through iPhone and iPad devices. Which three BI EE object content are visible through a mobile device?

A) Tables, excluding drilling
B) Scorecard, including analytic actions
C) Briefing book, limited to alerts visible in the Alerts list
D) Analysis, including analytic actions
E) Action


2. Identify the set up that needs to be completed before you can use cubes.

A) Report Builder
B) FSG
C) Ledger
D) Microsoft Office


3. Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?

A) Shared Folders
B) My folders
C) Catalog
D) Analyzer
E) My Report


4. Select two text functions that are available only for financial management.

A) ProcessManagementStatus
B) MemberDescription
C) MemberProprty
D) CallText
E) MemberAlias


5. A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?

A) Adjustments in the General Ledger
B) Account Derivation Rules
C) Secondary Valuation method
D) Journal Line Types


Solutions:

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

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