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

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Jun 03, 2026     Q & A: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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


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

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


3. When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.

A) Run additional reports using a number of varied currency conversion rates
B) Run the report using an additional common currency conversion rate
C) Add a ledger-balancing line in the intercompany Payables account and rerun the report
D) Add a ledger-balancing line in the intercompany Receivables account and rerun the report


4. Which keyboard shortcut is used to navigate to Focus Annotations Area Control?

A) Ctrl + G
B) Ctrl+ L
C) Ctrl + F
D) Ctrl + B
E) Ctrl + Y


5. Identify the SmartView Ribbon command that is used to display levels in the Member hierarchy.

A) Drill Through
B) Query
C) Zoom in and Zoom out
D) Cascade


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: C

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