Passing exam with 1Z1-508 latest training materials

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Last Updated: Oct 06, 2026

No. of Questions: 127 Questions & Answers with Testing Engine

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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

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

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

Correct Answer: B  🗳️

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

Question #2

The Profitability Dashboard providers visibility into a company's performance. Which indicator is via the Profitability Dashboard?

  • A. Recruitment
  • B. Pipeline
  • C. Suppliers
  • D. Return on Equity
  • E. Budget
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

Question #3

A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.

  • A. Three Ledger and three Legal Entities
  • B. One ledger and one Legal Entity
  • C. Two ledger and two Legal Entities
  • D. One Ledger and three Legal Entities
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

Question #4

A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?

  • A. Secondary Valuation method
  • B. Adjustments in the General Ledger
  • C. Account Derivation Rules
  • D. Journal Line Types
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

Question #5

What metric values are available on the General Ledger Dashboard?

  • A. Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
  • B. Schedule Compliance, Target Attainment, Service Level
  • C. Cost of Goods Sold, Return on Equity
  • D. Price Yield, Win-Loss Ratio, Campaign Performance
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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