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

  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Sep 15, 2026
  • Q & A: 127 Questions and Answers

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Oracle 1Z1-508 Exam Syllabus Topics:

SectionObjectives
Accounting Setup and Configuration- Accounting Calendar Setup
- Subledger Accounting Configuration
- Ledger and Currency Setup
Period Close Process- Reconciliations and Adjustments
- Financial Close Workflow
- Period Open and Close Activities
General Ledger Overview- Ledger Concepts and Configuration
- Oracle Fusion General Ledger Architecture
- Chart of Accounts Structure
Reporting and Inquiry- Financial Statements Generation
- Financial Reporting Center
- Account Analysis and Inquiry Tools
Journal Processing- Manual Journal Entries
- Recurring Journals
- Journal Import and Posting
Multi-Currency and Consolidation- Intercompany Accounting
- Currency Translation
- Financial Consolidation Concepts

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

A database connection can be changed when moving from a development environment server to a production environment server. Identify the reason for the error message "1012: Report contains an Invalid grid. The following dimensions could not be found: Measures."

  • A. Dimensions in the changed database connections do NOT match the previous dimensions
  • B. Dimensions existed in the old database connection, but NOT in the new database connection
  • C. Opening or running the reports or books for an INVALID database connection
  • D. Dimensions do NOT match a specific report in the book
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported into financial Reporting.

  • A. Snapshot Reports (*.rpt)
  • B. Books. (*.kbk)
  • C. Dynamic Report (* .des)
  • D. Impact Manage Transformation Scripts (*. Js)
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

Question #3

How do you identify errors in the accounting calendar?

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

Correct Answer: A  🗳️

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Question #4

What metric values are available on the General Ledger Dashboard?

  • A. Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
  • B. Price Yield, Win-Loss Ratio, Campaign Performance
  • C. Schedule Compliance, Target Attainment, Service Level
  • D. Cost of Goods Sold, Return on Equity
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

A Client has a sales region the East coast and one on the West coast. The East coast sales region wants data analyzed for only their region.
Which tool should be used?

  • A. Web ADI
  • B. SmartSlice
  • C. SmartCube
  • D. SmartView
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

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