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

1Z0-508 Exam Simulator
  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Aug 23, 2026
  • Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Multi-Currency and Intercompany Accounting15%- Foreign currency transactions and revaluation
- Intercompany transactions and reconciliation
- Translation and consolidation processes
- Currency configuration and daily rates
Topic 2: 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
Topic 3: Journal Entries and Processing20%- Approval workflows and rules
- Allocation and periodic entries
- Creating, importing, and posting journals
- Reversing, correcting, and reviewing journals
Topic 4: Financial Reporting and Inquiry12%- Account Monitor and Account Inspector
- Financial Reporting Center and OTBI
- Reporting tools and integration options
- Balances and transaction inquiry
Topic 5: Period Close and Reconciliation15%- Opening and closing accounting periods
- Trial balance and period-end adjustments
- Period close process and monitor
- Reconciliation with subledgers
Topic 6: Chart of Accounts Configuration20%- Value sets, segments, and hierarchies
- Designing and defining chart of accounts structure
- Account combinations and security rules
- Cross-validation and segment validation rules
Topic 7: 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:

1. Select the appropriate financial Reporting Center functionality that helps users to view, input, manipulate, distribute and share data from the General Ledger balances to Microsoft Excel.

A) Financial Reporting Studio
B) Financial Reporting Workspace
C) Smart View
D) Account Monitor and Account Inspector


2. To update an intercompany calendar, the calendar status must be in a(n)__________.

A) Pending Close Period
B) Newer Open or Closed Period
C) Open Period
D) Final Closed Period


3. The Profitability Dashboard providers visibility into a company's performance. Which indicator is via the Profitability Dashboard?

A) Recruitment
B) Return on Equity
C) Pipeline
D) Budget
E) Suppliers


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

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


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

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


Solutions:

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

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