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

  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Aug 28, 2026
  • Q & A: 127 Questions and Answers

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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question 1

Which tab is used in the journals Work region of the General Accounting Dashboard to identify journals that produce an error during the Posting Process or that are rejected in the approval flow?

A. Import Errors
B. Incomplete
C. Requiring Attention
D. Pending Approval Prom Others


Question 2

What are NOT included in the intercompany reconciliation reports?

A. Intercompany receivables and intercompany lines generated by the intercompany balancing feature
B. Ledger balancing lines generated when the primary balancing segment value is in balance butneither the second balancing segment northird balancing segment is out of balance; clearing company balancing lines
C. Clearing company balancing lines
D. Intercompany receivables and Intercompany payables lines generated for the provider and receiver of each intercompany transaction


Question 3

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. Briefing book, limited to alerts visible in the Alerts list
C. Analysis, including analytic actions
D. Action
E. Scorecard, including analytic actions


Question 4

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

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


Question 5

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

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


Solutions:

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

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