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

  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Oct 05, 2026
  • Q & A: 127 Questions and Answers

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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

  • A. Financial Reporting Studio
  • B. Application Development Framework Integration
  • C. SmartView
  • D. Web ADI
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

Oracle Business Intelligence Enterprise Edition (OBIEE) allows buttons to create, manage, and invoke the task functionality within the application. What framework is used to set them up?

  • A. Resource Description Framework (RDF)
  • B. Security Framework
  • C. Application Development Framework (ADF)
  • D. Seed Data Framework (SDF)
  • E. Action Framework
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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Question #3

To update an intercompany calendar, the calendar status must be in a(n)__________.

  • A. Newer Open or Closed Period
  • B. Final Closed Period
  • C. Pending Close Period
  • D. Open Period
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

There is a performance issue with new account hierarchies. Which setting would you update to improve performance?

  • A. ADF Business component View Objects
  • B. Row set
  • C. Parent Child Relationship
  • D. Column set
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

Select the key performance indicator (KPI) that provides a trend of the cost of an item as part of Gross Margin Analysis

  • A. Gross Margins KPI
  • B. Inventory Value KPI
  • C. Value Trends KPI
  • D. Item Cost KPI
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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