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Updated: Jul 28, 2026
No. of Questions: 127 Questions & Answers with Testing Engine
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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Financials 11g General Ledger Essentials |
| Exam Number: | 1Z0-508 |
| Available Languages: | English |
| Exam Price: | $245 USD (may vary by region) |
| Real Exam Qty: | 55-75 |
| Passing Score: | 65%-70% (approx.) |
| Exam Duration: | 90 minutes |
| Exam Format: | Multiple choice, Scenario-based questions |
| Certificate Validity Period: | Typically does not expire for legacy Oracle certifications (varies by Oracle policy) |
| Related Certifications: | Oracle Financials Cloud Certifications Oracle Fusion Applications Certification |
| Sample Questions: | Oracle 1Z0-508 Sample Questions |
| Exam Way: | Computer-based exam delivered via Oracle Testing Centers or Pearson VUE (depending on region and legacy availability) |
| Pre Condition: | Recommended: Basic knowledge of accounting principles and Oracle Fusion Financials navigation experience. |
| Official Syllabus URL: | https://education.oracle.com/ |
| Section | Objectives |
|---|---|
| Topic 1: Ledger and Accounting Processes | - Accounting calendar periods - Period close process - Posting journals to ledger |
| Topic 2: Journal Processing | - Journal approval workflows - Creating and managing journals - Recurring journals and allocations |
| 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 |
1. You have been given a task to update a calendar by adding a new period to it. What is the quickest way to perform this task?
A) Use the Add Year button.
B) Manually add the periods.
C) Run the Other - Calendar Validation Report.
D) The application automatically populates the next period.
2. 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
3. Choose the Oracle application that will automatically update the chart of accounts values and Hierarchies across multiple Oracle E-Business Suite and Oracle Fusion instances through a single application.
A) Oracle Business Intelligence Enterprise Edition
B) Oracle Fusion Accounting Hub
C) Oracle Hyperion Data Relationship Management
D) Oracle Fusion General Ledger Suite
4. Which three options tan you use from the Generate Allocations link to open the Submission page?
A) Automatically save it as an Excel file
B) Notification when this process ends
C) E-mail the output
D) Fax the output
E) Print Output
5. When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.
A) Run additional reports using a number of varied currency conversion rates
B) Run the report using an additional common currency conversion rate
C) Add a ledger-balancing line in the intercompany Receivables account and rerun the report
D) Add a ledger-balancing line in the intercompany Payables account and rerun the report
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: B,C,E | Question # 5 Answer: D |
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