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Updated: Nov 06, 2026
No. of Questions: 127 Questions & Answers with Testing Engine
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Oracle 1Z0-508 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials 11g General Ledger Essentials |
| Exam Number: | 1Z0-508 |
| Available Languages: | English |
| Related Certifications: | Oracle Fusion Financials Cloud Certification Oracle Financials Cloud: General Ledger |
| Recommended Training: | Oracle Learning Explorer |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Portal |
| Sample Questions: | Oracle 1Z0-508 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE or Oracle testing platform (availability may vary by region). |
| Pre Condition: | Recommended knowledge of accounting principles and Oracle Fusion Financials fundamentals. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Recurring Journals - Journal Import and Posting - Manual Journal Entries |
| Topic 2: Period Close Process | - Reconciliations and Adjustments - Financial Close Workflow - Period Open and Close Activities |
| Topic 3: Reporting and Inquiry | - Account Analysis and Inquiry Tools - Financial Statements Generation - Financial Reporting Center |
| Topic 4: Accounting Setup and Configuration | - Accounting Calendar Setup - Ledger and Currency Setup - Subledger Accounting Configuration |
| Topic 5: General Ledger Overview | - Oracle Fusion General Ledger Architecture - Chart of Accounts Structure - Ledger Concepts and Configuration |
| Topic 6: Multi-Currency and Consolidation | - Intercompany Accounting - Currency Translation - Financial Consolidation Concepts |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?
- A. View the Account Inquiry window
- B. View the Projected Balances Region on the Create Journal page
- C. Run the Journals- (132 Char) Report.
- D. Run Trial Balance.
Correct Answer: B 🗳️
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At which two levels do you need to enable the approval process you start defining it?
- A. Ledger
- B. Journal
- C. Category
- D. Source
Correct Answer: A,B 🗳️
When you use allocations, revaluation, or translation to define and maintain your period close component, which three tasks should you perform under the Define Period Close Components parent task in your implementation project?
- A. Manage intercompany Settlements.
- B. Manage Allocations and Period Entries.
- C. Manage Historical Rates.
- D. Manage General Accounting Dashboard.
- E. Manage Revaluations.
Correct Answer: B,C,E 🗳️
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There is a performance issue with new account hierarchies. Which setting would you update to improve performance?
- A. Parent Child Relationship
- B. Row set
- C. Column set
- D. ADF Business component View Objects
Correct Answer: D 🗳️
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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. Chart of Account Rule
- B. Segment qualifier
- C. Balancing Segment Rule
- D. Chart Account Balancing Rule
Correct Answer: B 🗳️
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