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

Oracle 1Z1-508 Actual PDF
  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: May 28, 2026
  • Q & A: 127 Questions and Answers
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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. A Client has a sales region the East coast and one on the West coast. The East coast sales region wants data analyzed for only their region.
Which tool should be used?

A) SmartSlice
B) SmartView
C) Web ADI
D) SmartCube


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

A) Batch level
B) Journal Source
C) Account
D) Ledger level


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

A) Adjustments in the General Ledger
B) Account Derivation Rules
C) Journal Line Types
D) Secondary Valuation method


4. Choose the Oracle application that will automatically update the chart of accounts values and Hierarchies across multiple Oracle E-Business Suite and Oracle Fusion instances through a single application.

A) Oracle Fusion General Ledger Suite
B) Oracle Fusion Accounting Hub
C) Oracle Business Intelligence Enterprise Edition
D) Oracle Hyperion Data Relationship Management


5. Which accounting attribute group will capture a customer's accounting invoice and the cash applied to that invoice?

A) System Transaction identifiers
B) Tax attribute
C) Business Flow
D) Distribution identifiers


Solutions:

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

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