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

Oracle 1Z1-508 Actual PDF
  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Oct 11, 2026
  • Q & A: 127 Questions and Answers
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Oracle 1Z1-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Setup- Chart of Accounts structure
- Ledger configuration and setup
- Currency and calendar setup
Topic 2: Journal Processing- Journal approval workflows
- Creating and managing journals
- Recurring journals and allocations
Topic 3: Ledger and Accounting Processes- Posting journals to ledger
- Period close process
- Accounting calendar periods
Topic 4: Reporting- Standard and ad-hoc reporting
- Financial statements generation
Topic 5: Security and Access Control- Ledger security rules
- Role-based access control

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

When configuring the allocation and periodic entries, which three tasks must be completed before generating the entries?

  • A. The journal balances for the allocation or periodic rules are entered and posted in the proper period.
  • B. The rules or rules sets have been defined, validated and deployed successfully from the Allocation Manager.
  • C. The period is set to Open, Never Open or Future Enterable.
  • D. The period is set to Closed, Never Open or Future Enterable.
  • E. The period is set to Open or Future Enterable
Reveal Solution  Discussion  0

Correct Answer: A,B,E  🗳️

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Question #2

How do you identify errors in the accounting calendar?

  • A. An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
  • B. A calendar with errors can NOT be saved.
  • C. Run the Transaction Calendar Concurrent Process.
  • D. Run the Create Accounting Process.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

Which three tasks that can be performed by using Account inspector in the Account Monitor choice list?

  • A. Do not use a pivot table.
  • B. Interactively perform ad hoc inquiries on the financial balances.
  • C. Export a custom pivot table to Microsoft Excel.
  • D. Drill down to the detailed balances within a custom pivot table.
  • E. Close selected accounts and periods that appear in the pivot table.
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

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Question #4

Event classes are transaction types used to group____________.

  • A. Process Categories
  • B. Event Models
  • C. Event Types
  • D. Event Entities
  • E. Journal Rule Sets
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

  • A. SmartView
  • B. Web ADI
  • C. Application Development Framework Integration
  • D. Financial Reporting Studio
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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