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

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Sep 03, 2026
  • Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Setup- Currency and calendar setup
- Ledger configuration and setup
- Chart of Accounts structure
Topic 2: Security and Access Control- Ledger security rules
- Role-based access control
Topic 3: Journal Processing- Journal approval workflows
- Recurring journals and allocations
- Creating and managing journals
Topic 4: Ledger and Accounting Processes- Accounting calendar periods
- Posting journals to ledger
- Period close process
Topic 5: Reporting- Standard and ad-hoc reporting
- Financial statements generation

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question 1

With which two options can Mapping Sets validate input values?

A. Lookup Types
B. Accounting Segment
C. FlexFields
D. Value Sets


Question 2

Identify the two steps that must be completed when performing Accounting Configuration

A. Create Reporting Currencies
B. Open First Period
C. Create Legal Entities
D. Create Primary Ledgers


Question 3

You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.

A. Automatically create or modify the cube in Essbase.
B. Run the chart of Accounts - Account Hierarchy.
C. Run the import Chart of Account Segment Values.
D. Run the Program - Optimizer.


Question 4

Identify two INVALID features of POV in Financial Reporting Studio.

A. POV book is specific to any report or grid object in report in that book.
B. To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.
C. All POVs allow a single member to be set for a dimension.
D. Multiple grids cannot be Included in a report.
E. A memberselection function with CurrentPOV as the member parameter changes to a User POV when members are selected from a row, column or page axis on a grid.


Question 5

Which keyboard shortcut is used to navigate to Focus Annotations Area Control?

A. Ctrl + B
B. Ctrl+ L
C. Ctrl + Y
D. Ctrl + G
E. Ctrl + F


Solutions:

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

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