Oracle 1Z0-508 Q&A - in .pdf

  • 1Z0-508 pdf
  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Aug 01, 2026
  • Q & A: 127 Questions and Answers
  • Convenient, easy to study.
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  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
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  • If you purchase Oracle 1Z0-508 Value Pack, you will also own the free online Testing Engine.
  • Updated: Aug 01, 2026
  • Q & A: 127 Questions and Answers
  • 1Z0-508 PDF + PC Testing Engine + Online Testing Engine
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Oracle 1Z0-508 Q&A - Testing Engine

  • 1Z0-508 Testing Engine
  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Aug 01, 2026
  • Q & A: 127 Questions and Answers
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Oracle 1Z0-508 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Multi-Currency and Intercompany Accounting15%- Currency configuration and daily rates
- Foreign currency transactions and revaluation
- Intercompany transactions and reconciliation
- Translation and consolidation processes
Topic 2: Integration and Security8%- Accounting Hub and third-party integration
- Integration with Subledger Accounting
- Data access and security policies
Topic 3: Financial Reporting and Inquiry12%- Reporting tools and integration options
- Account Monitor and Account Inspector
- Financial Reporting Center and OTBI
- Balances and transaction inquiry
Topic 4: Period Close and Reconciliation15%- Opening and closing accounting periods
- Trial balance and period-end adjustments
- Period close process and monitor
- Reconciliation with subledgers
Topic 5: Journal Entries and Processing20%- Reversing, correcting, and reviewing journals
- Creating, importing, and posting journals
- Approval workflows and rules
- Allocation and periodic entries
Topic 6: Overview of Oracle Fusion Financials and General Ledger10%- Key features and benefits of Fusion General Ledger
- Fusion Financials architecture and deployment options
- General Ledger role within the financial ecosystem
Topic 7: Chart of Accounts Configuration20%- Account combinations and security rules
- Value sets, segments, and hierarchies
- Designing and defining chart of accounts structure
- Cross-validation and segment validation rules

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which task is NOT allowed when spreading data for time periods in Microsoft Excel?

A) 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
B) spreading data in a summary time period that includes members and mixed currency types
C) spreading values among children and parents proportionally, based on existing distribution
D) temporarily locking the values of certain cells while spreading data over time periods
E) spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none


2. Which three rule types are used to build an account rule?

A) System Transaction Identifiers
B) Segment
C) Account Combination
D) Value Set
E) Mapping Set


3. Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?

A) Analyzer
B) My Report
C) My folders
D) Shared Folders
E) Catalog


4. 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) Balancing Segment Rule
B) Chart of Account Rule
C) Segment qualifier
D) Chart Account Balancing Rule


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


Solutions:

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

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