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Updated: Aug 12, 2026
No. of Questions: 127 Questions & Answers with Testing Engine
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Oracle 1Z1-508 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Financials 11g General Ledger Essentials |
| Exam Number: | 1Z0-508 |
| Real Exam Qty: | 70 |
| Passing Score: | 60% |
| Exam Duration: | 120 minutes |
| Exam Price: | $245 USD |
| Certificate Validity Period: | 18 months |
| Available Languages: | English |
| Related Certifications: | Oracle Fusion Financials 11g Implementation Specialist |
| Exam Format: | Multiple Choice, Multiple Select |
| Recommended Training: | Oracle Fusion Financials Training Path Oracle Fusion Financials 11g General Ledger Fundamentals |
| Exam Registration: | Oracle University Registration Pearson VUE Oracle Exam Registration |
| Sample Questions: | Oracle 1Z1-508 Sample Questions |
| Exam Way: | Online proctored or at authorized Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience with Oracle Fusion Financials 11g and basic financial accounting knowledge |
| Official Syllabus URL: | https://education.oracle.com/oracle-fusion-financials-11g-general-ledger-essentials/trackp_1Z0-508 |
Oracle 1Z1-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Entries and Processing | 20% | - Creating, importing, and posting journals - Approval workflows and rules - Reversing, correcting, and reviewing journals - Allocation and periodic entries |
| Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Financial Reporting Center and OTBI - Balances and transaction inquiry - Account Monitor and Account Inspector |
| Period Close and Reconciliation | 15% | - 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 Ledger | 10% | - General Ledger role within the financial ecosystem - Fusion Financials architecture and deployment options - Key features and benefits of Fusion General Ledger |
| Integration and Security | 8% | - Integration with Subledger Accounting - Data access and security policies - Accounting Hub and third-party integration |
| Multi-Currency and Intercompany Accounting | 15% | - Foreign currency transactions and revaluation - Intercompany transactions and reconciliation - Currency configuration and daily rates - Translation and consolidation processes |
| Chart of Accounts Configuration | 20% | - Account combinations and security rules - Value sets, segments, and hierarchies - Cross-validation and segment validation rules - Designing and defining chart of accounts structure |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. Which three objectives must be considered when designing the chart of accounts?
A) Support the audit and control of financial transactions.
B) Select the segment qualifiers.
C) Anticipate growth and maintenance needs because organizational changes occur
D) Provide less flexibility for management reporting and analysis.
E) Effectively manage an organization's financial business.
2. How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?
A) Enable the offerings in the Manage BI Applications dialog box.
B) Select the Business Intelligence check box for the Chart of AccountsInstance.
C) Select the Enable for Implementation check box.
D) Use the Migrate Oracle Fusion Financials function within the Setup and Maintenance work area.
E) Data is automatically available in Oracle Business intelligence through the transaction tables and cubes.
3. Journal Approval has been enabled, however, the journal did NOT submit to the appropriate manager for approval. Which three additional steps must, be performed for the approval process to work?
A) Enable customization.
B) Set up journal category to use journal approval.
C) Define approver authorization limits.
D) Set up journal sources to use Journal approval.
E) Create an approval hierarchy.
4. Which view do you use to set parameters and define the data that is displayed in the SmartView report.
A) SmrtView
B) Point of View
C) SmartSlice
D) SmartCube
5. Which task is NOT allowed when spreading data for time periods in Microsoft Excel?
A) spreading data in a summary time period that includes members and mixed currency types
B) spreading values among children and parents proportionally, based on existing distribution
C) temporarily locking the values of certain cells while spreading data over time periods
D) spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none
E) spreading the value of a summary time period to its base time periods or to the first parent or first child of the parent time period
Solutions:
| Question # 1 Answer: A,C,E | Question # 2 Answer: E | Question # 3 Answer: B,D,E | Question # 4 Answer: C | Question # 5 Answer: A |
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