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

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Aug 08, 2026     Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

A) Level ledger update
B) Currency Ledgers
C) Single Ledger
D) Related ledgers
E) Ledger Set
F) Debit ledgers


2. A company has the second and third balancing segment enabled for its chart of accounts, and the journal is balanced by the primary balancing segment but is out of balance by the second and third balancing segment. This is an example of ____________.

A) Segment qualifier
B) Chart of Account Rule
C) Chart Account Balancing Rule
D) Balancing Segment Rule


3. Select two text functions that are available only for financial management.

A) MemberDescription
B) CallText
C) MemberAlias
D) ProcessManagementStatus
E) MemberProprty


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

A) System Transaction identifiers
B) Tax attribute
C) Business Flow
D) Distribution identifiers


5. The General Ledger supervisor requested a schedule be created to AutoPost the subledger accounts different times. To accomplish this, the AutoPost criteria need to be set by__________.

A) Source
B) Journal
C) Category
D) Batch


Solutions:

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

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