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Oracle Oracle Applications 1Z0-508

1Z0-508

Exam Code: 1Z0-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated Time: Oct 11, 2026

Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: Ledger and Accounting Processes- Posting journals to ledger
- Period close process
- Accounting calendar periods
Topic 2: Journal Processing- Recurring journals and allocations
- Creating and managing journals
- Journal approval workflows
Topic 3: Security and Access Control- Ledger security rules
- Role-based access control
Topic 4: Reporting- Standard and ad-hoc reporting
- Financial statements generation
Topic 5: General Ledger Setup- Currency and calendar setup
- Ledger configuration and setup
- Chart of Accounts structure

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1
Account Rules are specific to ____________.

A. Event Types
B. Journal Rule sets
C. Accounting methods
D. Subledger application
E. Event Classes


Question #2
Which keyboard shortcut is used to navigate to Focus Annotations Area Control?

A. Ctrl+ L
B. Ctrl + F
C. Ctrl + G
D. Ctrl + Y
E. Ctrl + B


Question #3
The reconciliation report shows the Entered or transaction amount of the accounting entries booked to the intercompany receivables and payables accounts for___________.

A. A provider only
B. A legal entity only
C. Business segment only
D. A pair of provider and receiver legal entities


Question #4
Why would an end user use BI Composer?

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


Question #5
Choose four applications for which SmartView provides a common Microsoft Office interface.

A. Oracle Hyperion Financial Management, Fusion Edition
B. Oracle Hyperion Planning, Fusion Edition
C. Oracle Enterprise Performance Management Workspace, Fusion Edition
D. Oracle E-Business Suite Release 11g
E. Oracle Business Intelligence Enterprise Edition
F. Oracle Essbase


Solutions:

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

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