Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Instant Download Oracle : 1Z1-508 Questions & Answers as PDF & Test Engine
Updated: Sep 12, 2026
No. of Questions: 127 Questions & Answers with Testing Engine
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Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Journal Processing | - Recurring journals and allocations - Creating and managing journals - Journal approval workflows |
| Ledger and Accounting Processes | - Period close process - Accounting calendar periods - Posting journals to ledger |
| General Ledger Setup | - Currency and calendar setup - Ledger configuration and setup - Chart of Accounts structure |
| Security and Access Control | - Ledger security rules - Role-based access control |
| Reporting | - Standard and ad-hoc reporting - Financial statements generation |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?
- A. Select the Business Intelligence check box for the Chart of AccountsInstance.
- B. Enable the offerings in the Manage BI Applications dialog box.
- C. Use the Migrate Oracle Fusion Financials function within the Setup and Maintenance work area.
- D. Select the Enable for Implementation check box.
- E. Data is automatically available in Oracle Business intelligence through the transaction tables and cubes.
Correct Answer: E 🗳️
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Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?
- A. Analyzer
- B. Shared Folders
- C. My folders
- D. My Report
- E. Catalog
Correct Answer: B,C 🗳️
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A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?
- A. Secondary Valuation method
- B. Account Derivation Rules
- C. Adjustments in the General Ledger
- D. Journal Line Types
Correct Answer: D 🗳️
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In the Essbase database source, how do you identify duplicate members?
- A. use an alias name for a database member
- B. display qualified names instead of the member names
- C. use member Information
- D. use the member perspective
Correct Answer: B 🗳️
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A user wants to enter a multiple currency journal in the General Ledger. What must the user do to see the conversion rate type, conversion date, and conversion rate columns?
- A. At the Journal Header level, select a blank value in the currency field.
- B. At the Journal Header level, accept the default value in the currency field.
- C. At the Journal line level, select a blank value in the currency field.
- D. At the Journal line level, accept the default value in the currency field.
Correct Answer: D 🗳️
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