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

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: May 31, 2026
  • Q&As: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

A) Single Ledger
B) Debit ledgers
C) Ledger Set
D) Level ledger update
E) Related ledgers
F) Currency Ledgers


2. Which task enables you to define the legal entities that are classified as intercompany organizations?

A) Enter intercompany transactions.
B) Edit intercompany transactions.
C) Manage intercompany transactions.
D) Define intercompany transactions.


3. A user wants to enter a multiple currency journal in the General Ledger. What must the user do to see the conversion rate type, conversion date, and conversion rate columns?

A) At the Journal line level, accept the default value in the currency field.
B) At the Journal Header level, select a blank value in the currency field.
C) At the Journal line level, select a blank value in the currency field.
D) At the Journal Header level, accept the default value in the currency field.


4. Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported into financial Reporting.

A) Books. (*.kbk)
B) Snapshot Reports (*.rpt)
C) Impact Manage Transformation Scripts (*. Js)
D) Dynamic Report (* .des)


5. Why would an end user use BI Composer?

A) To set a specific set of dimension values
B) To export report, KPI and analysis prompt values and data as PDF, MHTML, XLS and CVS files.
C) To restrict user access only to the data for which they are authorized
D) To bundletheentire catalog, specific folders, or multi component objects for archiving
E) To leverage a wizard to create, edit orview analyses outside of the Analysis Editor


Solutions:

Question # 1
Answer: A,C,F
Question # 2
Answer: C
Question # 3
Answer: A
Question # 4
Answer: A,B
Question # 5
Answer: E

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