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

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: May 29, 2026
  • Q&As: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?

A) Run the Journals- (132 Char) Report.
B) View the Projected Balances Region on the Create Journal page
C) View the Account Inquiry window
D) Run Trial Balance.


2. During the analysis phase of the implementation, it was discovered that there were some expense entries that are paid in the current month for services rendered in the next month, the client wants to defer the expense and recognize it in the next month. What would you recommend?

A) Use Account Derivation rules to create two different entries.
B) Use Journal Line Definitions.
C) Use multiperiod accounting-enabled Journal Line Types.
D) Create two accounting events: one for payment and one for recognition.


3. Identify the two items that the intercompany Reconciliation reports display.

A) ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance
B) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction
C) intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
D) clearing company balance lines


4. Event classes are transaction types used to group____________.

A) Event Types
B) Journal Rule Sets
C) Event Models
D) Process Categories
E) Event Entities


5. Oracle Business Intelligence Enterprise Edition is available through the iPhone and iPad devices. Which BI object content is NOT visible through a mobile device?

A) Analysis, including analytic actions
B) Action
C) Briefing Book, limited to alert visible in the Alerts list
D) Dashboard Page, including analytic actions
E) Scorecard, including analytic actions


Solutions:

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

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