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

1Z1-508 real exams

Exam Code: 1Z1-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Aug 15, 2026

Q & A: 127 Questions and Answers

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Oracle 1Z1-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: General Ledger Overview- Ledger Concepts and Configuration
- Oracle Fusion General Ledger Architecture
- Chart of Accounts Structure
Topic 2: Journal Processing- Recurring Journals
- Manual Journal Entries
- Journal Import and Posting
Topic 3: Accounting Setup and Configuration- Ledger and Currency Setup
- Accounting Calendar Setup
- Subledger Accounting Configuration
Topic 4: Reporting and Inquiry- Account Analysis and Inquiry Tools
- Financial Reporting Center
- Financial Statements Generation
Topic 5: Period Close Process- Reconciliations and Adjustments
- Period Open and Close Activities
- Financial Close Workflow
Topic 6: Multi-Currency and Consolidation- Financial Consolidation Concepts
- Intercompany Accounting
- Currency Translation

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Journal approval in Oracle Fusion Applications uses Oracle Fusion Approvals Management (AMX) to build approvals. Which AMX builder method is most effective when the General Accountant enters the journals for approval?

A) Position
B) Human Resources (HK) Supervisory
C) Job level
D) Approval Group


2. 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) Batch
B) Source
C) Journal
D) Category


3. Why would an end user use BI Composer?

A) To set a specific set of dimension values
B) To export report, KPI and analysis prompt values and data as PDF, MHTML, XLS and CVS files.
C) To leverage a wizard to create, edit orview analyses outside of the Analysis Editor
D) To bundletheentire catalog, specific folders, or multi component objects for archiving
E) To restrict user access only to the data for which they are authorized


4. When you use allocations, revaluation, or translation to define and maintain your period close component, which three tasks should you perform under the Define Period Close Components parent task in your implementation project?

A) Manage Revaluations.
B) Manage intercompany Settlements.
C) Manage Allocations and Period Entries.
D) Manage Historical Rates.
E) Manage General Accounting Dashboard.


5. 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) Balancing Segment Rule
D) Chart Account Balancing Rule


Solutions:

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

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