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

  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Sep 11, 2026

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Oracle 1Z1-508 Exam Syllabus Topics:

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

Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

Question #1

Which tab is used in the journals Work region of the General Accounting Dashboard to identify journals that produce an error during the Posting Process or that are rejected in the approval flow?

  • A. Incomplete
  • B. Pending Approval Prom Others
  • C. Import Errors
  • D. Requiring Attention
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

Question #2

Choose the two options that need to be enabled for Journal Approval.

  • A. Journal Source
  • B. Batch level
  • C. Ledger level
  • D. Account
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

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Question #3

A database connection can be changed when moving from a development environment server to a production environment server. Identify the reason for the error message "1012: Report contains an Invalid grid. The following dimensions could not be found: Measures."

  • A. Dimensions in the changed database connections do NOT match the previous dimensions
  • B. Dimensions existed in the old database connection, but NOT in the new database connection
  • C. Dimensions do NOT match a specific report in the book
  • D. Opening or running the reports or books for an INVALID database connection
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

If you change the status of a tree structure, the status of the trees and tree versions associated with structure also change. Which three statuses apply to the tree structure?

  • A. Active
  • B. Pending
  • C. Draft
  • D. Future
  • E. Inactive
Reveal Solution  Discussion  0

Correct Answer: A,C,E  🗳️

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

Question #5

Where do you perform real-time, ad hoc queries from a data warehouse?

  • A. Oracle Transaction Business Intelligence
  • B. General Accounting and Journals dashboards
  • C. Oracle Business Intelligence Analytics
  • D. Account Monitory and Account Inspector
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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