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

Exam Code: 1Z0-508
Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
Updated: Sep 12, 2026
Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Overview of Oracle Fusion Financials and General Ledger	10%	- General Ledger role within the financial ecosystem - Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger
Topic 2: Integration and Security	8%	- Accounting Hub and third-party integration - Integration with Subledger Accounting - Data access and security policies
Topic 3: Chart of Accounts Configuration	20%	- Cross-validation and segment validation rules - Designing and defining chart of accounts structure - Account combinations and security rules - Value sets, segments, and hierarchies
Topic 4: Multi-Currency and Intercompany Accounting	15%	- Currency configuration and daily rates - Intercompany transactions and reconciliation - Foreign currency transactions and revaluation - Translation and consolidation processes
Topic 5: Journal Entries and Processing	20%	- Allocation and periodic entries - Approval workflows and rules - Creating, importing, and posting journals - Reversing, correcting, and reviewing journals
Topic 6: Financial Reporting and Inquiry	12%	- Balances and transaction inquiry - Reporting tools and integration options - Account Monitor and Account Inspector - Financial Reporting Center and OTBI
Topic 7: Period Close and Reconciliation	15%	- Period close process and monitor - Opening and closing accounting periods - Reconciliation with subledgers - Trial balance and period-end adjustments

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

In Member Selection, which three operators and symbols enable you to display members based specified criteria?

A. AND operator
B. Double parentheses
C. Union operator
D. Left parenthesis
E. Right parenthesis

Reveal Solution Discussion 0

Correct Answer: A,B,C 🗳️