Oracle 1Z0-508 real exam prep : Oracle Fusion Financials 11g General Ledger Essentials

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Sep 21, 2026
  • Q&As: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

Oracle Business Intelligence Enterprise Edition (OBIEE) allows buttons to create, manage, and invoke the task functionality within the application. What framework is used to set them up?

  • A. Seed Data Framework (SDF)
  • B. Resource Description Framework (RDF)
  • C. Application Development Framework (ADF)
  • D. Action Framework
  • E. Security Framework
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #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. Category
  • C. Source
  • D. Journal
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

What can be used to restrict the events selected for accounting when users submit the Accounting Process?

  • A. EventClasses
  • B. Event Types
  • C. Batch Name
  • D. Process Category
  • E. Journal Line Types
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

The tables, of views, from which Create Accounting takes source data to use in rules and create entries are referred to as_________.

  • A. Accounting attributes
  • B. Event Classes
  • C. Transaction Objects
  • D. Event Entities
  • E. Mapping Sets
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.

  • A. Run the Program - Optimizer.
  • B. Run the import Chart of Account Segment Values.
  • C. Run the chart of Accounts - Account Hierarchy.
  • D. Automatically create or modify the cube in Essbase.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Real4Prep members. You can sign-up / login (it's free).

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