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

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Aug 20, 2026     Q & A: 127 Questions and Answers

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Oracle 1Z0-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Select the key performance indicator (KPI) that provides a trend of the cost of an item as part of Gross Margin Analysis

A) Inventory Value KPI
B) Gross Margins KPI
C) Item Cost KPI
D) Value Trends KPI


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. What are the two functions that Oracle Fusion Approvals Management (AMX) merges to approve journal flow?

A) Oracle PeopleSoft Approvals (AWE)
B) Business Process Execution Language (BPEL)
C) Oracle Approvals Management (AME)
D) Oracle Workflow


4. A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?

A) Use Function on expanded data segments that are NOT placed on separate rows or columns.
B) Use multiple data segments for formatting or calculating.
C) Use cell formulas to write efficient formulas rather than row or column formulas.
D) Create reusable objects and row and column templates.


5. The Link Journal Lines option in a Journal Line Rule is set to "Copy from Corresponding Line."
What would this do?

A) builds account for a journal line using segments from the offsetting entry of the current journal line
B) copies from a previous journal line
C) copies the description from the debitline to the credit line
D) copies the accounting dale from a previous journal
E) copies the accounted amount from a previous journal


Solutions:

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

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