- Exam Code: 1Z0-508
- Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
- Certification Provider: Oracle
- Corresponding Certification: Oracle Applications
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Updated: Sep 16, 2026
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Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Multi-Currency and Intercompany Accounting | 15% | - Translation and consolidation processes - Currency configuration and daily rates - Intercompany transactions and reconciliation - Foreign currency transactions and revaluation |
| Topic 2: Period Close and Reconciliation | 15% | - Period close process and monitor - Trial balance and period-end adjustments - Reconciliation with subledgers - Opening and closing accounting periods |
| Topic 3: Chart of Accounts Configuration | 20% | - Designing and defining chart of accounts structure - Value sets, segments, and hierarchies - Cross-validation and segment validation rules - Account combinations and security rules |
| Topic 4: Journal Entries and Processing | 20% | - Allocation and periodic entries - Approval workflows and rules - Reversing, correcting, and reviewing journals - Creating, importing, and posting journals |
| Topic 5: Integration and Security | 8% | - Integration with Subledger Accounting - Accounting Hub and third-party integration - Data access and security policies |
| Topic 6: Overview of Oracle Fusion Financials and General Ledger | 10% | - Fusion Financials architecture and deployment options - General Ledger role within the financial ecosystem - Key features and benefits of Fusion General Ledger |
| Topic 7: Financial Reporting and Inquiry | 12% | - Reporting tools and integration options - Balances and transaction inquiry - Financial Reporting Center and OTBI - Account Monitor and Account Inspector |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
To update the intercompany calendar to use a different general ledger accounting calendar, the intercompany period status for all intercompany transaction types must be____________.
- A. Open
- B. Closed
- C. Never Opened or Closed
- D. Either Open or Closed
Correct Answer: C 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
When you use allocations, revaluation, or translation to define and maintain your period close component, which three tasks should you perform under the Define Period Close Components parent task in your implementation project?
- A. Manage Allocations and Period Entries.
- B. Manage Historical Rates.
- C. Manage General Accounting Dashboard.
- D. Manage intercompany Settlements.
- E. Manage Revaluations.
Correct Answer: A,B,E 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.
- A. Hierarchy between departments only
- B. Hierarchy between functional divisions only
- C. Hierarchy between the organization and its departments, and between the departments and their respective functional divisions
- D. hierarchy between the organization and its departments and functional divisions only
Correct Answer: C 🗳️
Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.
- A. Chart of Accounts Hierarchy maintenance
- B. data access and security
- C. data modeling
- D. Chart of Accounts Master Data maintenance
- E. the maintenance of Trading Community Data
Correct Answer: D 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
Which task enables you to define the legal entities that are classified as intercompany organizations?
- A. Define intercompany transactions.
- B. Enter intercompany transactions.
- C. Edit intercompany transactions.
- D. Manage intercompany transactions.
Correct Answer: D 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
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