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Oracle 1Z1-508 : Oracle Fusion Financials 11g General Ledger Essentials

1Z1-508 real exams

Exam Code: 1Z1-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Jun 17, 2026

Q & A: 127 Questions and Answers

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1Z1-508 exam dumps

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. 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) Account Monitor and Account Inspector
B) Financial Reporting Studio
C) Financial Reporting Workspace
D) Smart View


2. What are NOT included in the intercompany reconciliation reports?

A) Intercompany receivables and Intercompany payables lines generated for the provider and receiver of each intercompany transaction
B) Ledger balancing lines generated when the primary balancing segment value is in balance butneither the second balancing segment northird balancing segment is out of balance; clearing company balancing lines
C) Intercompany receivables and intercompany lines generated by the intercompany balancing feature
D) Clearing company balancing lines


3. Which statement about intercompany balancing is INCORRECT?

A) Intercompany balancing is used to balance transactions by an additional dimension beyond the primary segment.
B) Segment values can be assigned more than once within your chart of account.
C) The intercompany qualified segment can NOT be set with any of the three balancing segment qualifiers.
D) Segment values can be assigned only once within your chart of account.
E) Intercompany balancingisused to track intercompany duo to/due from balances by identifying the specific trading company.


4. When an external system sends an invoice to Fusion Accounts Payable, the life cycle of the transaction is invoice Created, Invoice Adjusted, Invoice Deleted or Invoice Canceled. This cycle can be modeled using______________.

A) Event model
B) Journal Rules
C) Event entities
D) Event Types
E) Event Categories


5. Which components are used to perform ETL and prebuilt ETL logic while setting up Oracle Business Intelligence Enterprise Edition?

A) Oracle Business Analytics Warehouse and Oracle BI Presentation Services
B) Information PowerCenter Servicer, and Informatics Repository
C) Functional Setup Manager and Configuration Manager
D) Oracle BI Server and OLIP data source
E) Metadata Repository and BI Presentation Services Catalog


Solutions:

Question # 1
Answer: D
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: A

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