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Oracle 1Z0-508 Exam Braindumps - in .pdf Free Demo

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Last Updated: Sep 14, 2026
  • Q & A: 127 Questions and Answers
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  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Last Updated: Sep 14, 2026
  • Q & A: 127 Questions and Answers
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Oracle 1Z0-508 Exam Syllabus Topics:

SectionWeightObjectives
Integration and Security8%- Integration with Subledger Accounting
- Data access and security policies
- Accounting Hub and third-party integration
Period Close and Reconciliation15%- Reconciliation with subledgers
- Opening and closing accounting periods
- Trial balance and period-end adjustments
- Period close process and monitor
Overview of Oracle Fusion Financials and General Ledger10%- Fusion Financials architecture and deployment options
- Key features and benefits of Fusion General Ledger
- General Ledger role within the financial ecosystem
Chart of Accounts Configuration20%- Account combinations and security rules
- Cross-validation and segment validation rules
- Value sets, segments, and hierarchies
- Designing and defining chart of accounts structure
Journal Entries and Processing20%- Approval workflows and rules
- Allocation and periodic entries
- Reversing, correcting, and reviewing journals
- Creating, importing, and posting journals
Financial Reporting and Inquiry12%- Financial Reporting Center and OTBI
- Account Monitor and Account Inspector
- Balances and transaction inquiry
- Reporting tools and integration options
Multi-Currency and Intercompany Accounting15%- Foreign currency transactions and revaluation
- Intercompany transactions and reconciliation
- Currency configuration and daily rates
- Translation and consolidation processes

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

Identify two correct behaviors of conditional suppression of rows and columns.

  • A. If an entire row or column meets the criteria specified for conditional suppression, the entire row or column is hidden.
  • B. If only some of the cells in a row or column meet the criteria specified for conditional suppression, the row or column is hidden.
  • C. The calculation does NOT consider suppressed rows.
  • D. When the Hide Always chock box is selected for a row or column, you can ignore the values and calculations in hidden rows and columns.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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Question #2

Which accounting attribute group will capture a customer's accounting invoice and the cash applied to that invoice?

  • A. System Transaction identifiers
  • B. Business Flow
  • C. Distribution identifiers
  • D. Tax attribute
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

Identify the step that is NOT correct about implementing Fusion Accounting Hub to integrate with an external system.

  • A. Enable external system to create Journal entries.
  • B. Capture accounting events.
  • C. Determine the accounting impact of transactions.
  • D. Analyze external system transactions.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

When recording the closing of a loan, you can link to the account that was used to book the loan origination.
Which option would you choose in Journal Line Rule?

  • A. Merge Matching Lines to All
  • B. Link Journal Lines Options set to Copy from Corresponding Line
  • C. Journal Line Rule Conditions
  • D. Link Journal Lines Options set toBusinessFlow
  • E. Link Journal Lines Options set to None
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

In the Essbase database source, how do you identify duplicate members?

  • A. display qualified names instead of the member names
  • B. use the member perspective
  • C. use member Information
  • D. use an alias name for a database member
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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