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

1Z1-508 real exams

Exam Code: 1Z1-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Aug 02, 2026

Q & A: 127 Questions and Answers

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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?

A) Account Derivation Rules
B) Journal Line Types
C) Secondary Valuation method
D) Adjustments in the General Ledger


2. XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.

A) Hierarchy between departments only
B) hierarchy between the organization and its departments and functional divisions only
C) Hierarchy between functional divisions only
D) Hierarchy between the organization and its departments, and between the departments and their respective functional divisions


3. What are two reasons for using scorecards?

A) Assessment Mappings
B) Gauges
C) KPIs are represented hierarchically
D) Dimension Pinnings
E) an objective and its supporting child objectives


4. Where do end users modify preferences, such as time zone, delivery devices and delivery profile?

A) My Dashboard page
B) My Agents
C) My Account dialog box
D) My Scorecards
E) My Reports


5. Identify the SmartView Ribbon command that is used to display levels in the Member hierarchy.

A) Cascade
B) Drill Through
C) Query
D) Zoom in and Zoom out


Solutions:

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

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