Download Oracle : 1Z0-508 Questions & Answers as PDF & Test Software
Updated: Sep 04, 2026
No. of Questions: 127 Questions & Answers with Testing Engine
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Oracle 1Z0-508 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials 11g General Ledger Essentials |
| Exam Number: | 1Z0-508 |
| Related Certifications: | Oracle Fusion Financials Cloud Certification Oracle Financials Cloud: General Ledger |
| Available Languages: | English |
| Recommended Training: | Oracle Learning Explorer |
| Exam Registration: | Oracle Certification Portal Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1Z0-508 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE or Oracle testing platform (availability may vary by region). |
| Pre Condition: | Recommended knowledge of accounting principles and Oracle Fusion Financials fundamentals. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Multi-Currency and Consolidation | - Currency Translation - Intercompany Accounting - Financial Consolidation Concepts |
| Topic 2: Period Close Process | - Reconciliations and Adjustments - Financial Close Workflow - Period Open and Close Activities |
| Topic 3: General Ledger Overview | - Ledger Concepts and Configuration - Oracle Fusion General Ledger Architecture - Chart of Accounts Structure |
| Topic 4: Reporting and Inquiry | - Financial Reporting Center - Account Analysis and Inquiry Tools - Financial Statements Generation |
| Topic 5: Journal Processing | - Journal Import and Posting - Recurring Journals - Manual Journal Entries |
| Topic 6: Accounting Setup and Configuration | - Ledger and Currency Setup - Accounting Calendar Setup - Subledger Accounting Configuration |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Question 1
To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.
A. specify the chart of account intercompany receivables only
B. specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
C. specify the chart of accounts intercompany payables only
D. specify the chart of account intercompany receivables and intercompany payables accounts
Question 2
What are two reasons for using scorecards?
A. Gauges
B. Assessment Mappings
C. KPIs are represented hierarchically
D. Dimension Pinnings
E. an objective and its supporting child objectives
Question 3
Which is an INCORRECT Function for Fusion intercompany?
A. You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.
B. The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
C. You can use a simple setup in which you define one rule for your chart of accounts.
D. Intercompany enables you to have a more granular set of rules.
Question 4
Choose the two options that need to be enabled for Journal Approval.
A. Journal Source
B. Batch level
C. Ledger level
D. Account
Question 5
What metric values are available on the General Ledger Dashboard?
A. Price Yield, Win-Loss Ratio, Campaign Performance
B. Cost of Goods Sold, Return on Equity
C. Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
D. Schedule Compliance, Target Attainment, Service Level
Solutions:
| Question 1 Answer: D | Question 2 Answer: C,E | Question 3 Answer: A | Question 4 Answer: A,C | Question 5 Answer: C |
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