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

1Z0-508 real exams

Exam Code: 1Z0-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Jul 26, 2026

Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Journal Import and Posting
- Manual Journal Entries
- Recurring Journals
Topic 2: Period Close Process- Period Open and Close Activities
- Financial Close Workflow
- Reconciliations and Adjustments
Topic 3: Multi-Currency and Consolidation- Financial Consolidation Concepts
- Currency Translation
- Intercompany Accounting
Topic 4: Accounting Setup and Configuration- Accounting Calendar Setup
- Subledger Accounting Configuration
- Ledger and Currency Setup
Topic 5: General Ledger Overview- Chart of Accounts Structure
- Oracle Fusion General Ledger Architecture
- Ledger Concepts and Configuration
Topic 6: Reporting and Inquiry- Financial Reporting Center
- Account Analysis and Inquiry Tools
- Financial Statements Generation

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?

A) Select the Business Intelligence check box for the Chart of AccountsInstance.
B) Enable the offerings in the Manage BI Applications dialog box.
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.


2. During implementation, the consultant designated the cost center segment qualifier as the natural account segment qualifier. Select the process that enables you to change the qualifier back.

A) Change and save the segment qualifier.
B) Createa new Chart of Accounts.
C) Run the Inheritance program after the change.
D) Run the Move/Merge program.


3. 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) Security Framework
B) Seed Data Framework (SDF)
C) Application Development Framework (ADF)
D) Action Framework
E) Resource Description Framework (RDF)


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

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


5. Identify the business intelligence component that enables you to explore and interact with information by visually presenting data in tables, graphs, and pivot tables.

A) Oracle Transaction Business intelligence
B) BI Composer
C) Oracle Business Intelligence Applications
D) Oracle Business Intelligence- Enterprise Edition
E) Analysis Editor


Solutions:

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

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