1Z1-508 exam dumps

Oracle 1Z1-508 Value Package

(Include: PDF + Desktop Test Engine + Online Test Engine)

  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • No. of Questions: 127 Questions and Answers
  • Updated: Oct 03, 2026

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1Z1-508 Desktop Test Engine

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  • Total Questions: 127
  • Updated on: Oct 03, 2026
  • Price: $69.98

1Z1-508 PDF Practice Q&A's

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  • Total Questions: 127
  • Updated on: Oct 03, 2026
  • Price: $69.98

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  • Total Questions: 127
  • Updated on: Oct 03, 2026
  • Price: $69.98

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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

  • A. Ctrl + G
  • B. Ctrl+ L
  • C. Ctrl + F
  • D. Ctrl + Y
  • E. Ctrl + B
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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

Select the appropriate financial Reporting Center functionality that helps users to view, input, manipulate, distribute and share data from the General Ledger balances to Microsoft Excel.

  • A. Financial Reporting Studio
  • B. Financial Reporting Workspace
  • C. Account Monitor and Account Inspector
  • D. Smart View
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.

  • A. Hierarchy between departments only
  • B. Hierarchy between the organization and its departments, and between the departments and their respective functional divisions
  • C. Hierarchy between functional divisions only
  • D. hierarchy between the organization and its departments and functional divisions only
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Identify two correct behaviors of conditional suppression of rows and columns.

  • A. The calculation does NOT consider suppressed rows.
  • B. If only some of the cells in a row or column meet the criteria specified for conditional suppression, the row or column is hidden.
  • C. When the Hide Always chock box is selected for a row or column, you can ignore the values and calculations in hidden rows and columns.
  • D. If an entire row or column meets the criteria specified for conditional suppression, the entire row or column is hidden.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

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

Which three objectives must be considered when designing the chart of accounts?

  • A. Anticipate growth and maintenance needs because organizational changes occur
  • B. Provide less flexibility for management reporting and analysis.
  • C. Support the audit and control of financial transactions.
  • D. Select the segment qualifiers.
  • E. Effectively manage an organization's financial business.
Reveal Solution  Discussion  0

Correct Answer: A,C,E  🗳️

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


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