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Updated: Aug 31, 2026
No. of Questions: 127 Questions & Answers with Testing Engine
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Oracle 1Z0-508 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials 11g General Ledger Essentials |
| Exam Number: | 1Z0-508 |
| Available Languages: | English |
| Passing Score: | 65%-70% (approx.) |
| Certificate Validity Period: | Typically does not expire for legacy Oracle certifications (varies by Oracle policy) |
| Real Exam Qty: | 55-75 |
| Related Certifications: | Oracle Financials Cloud Certifications Oracle Fusion Applications Certification |
| Exam Format: | Scenario-based questions, Multiple choice |
| Exam Duration: | 90 minutes |
| Exam Price: | $245 USD (may vary by region) |
| Sample Questions: | Oracle 1Z0-508 Sample Questions |
| Exam Way: | Computer-based exam delivered via Oracle Testing Centers or Pearson VUE (depending on region and legacy availability) |
| Pre Condition: | Recommended: Basic knowledge of accounting principles and Oracle Fusion Financials navigation experience. |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1Z0-508 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Access Control | - Role-based access control - Ledger security rules |
| Journal Processing | - Journal approval workflows - Recurring journals and allocations - Creating and managing journals |
| General Ledger Setup | - Chart of Accounts structure - Currency and calendar setup - Ledger configuration and setup |
| Ledger and Accounting Processes | - Accounting calendar periods - Posting journals to ledger - Period close process |
| Reporting | - Standard and ad-hoc reporting - Financial statements generation |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
Question 1
Which statement about intercompany balancing is INCORRECT?
A. Intercompany balancingisused to track intercompany duo to/due from balances by identifying the specific trading company.
B. Segment values can be assigned only once within your chart of account.
C. Intercompany balancing is used to balance transactions by an additional dimension beyond the primary segment.
D. The intercompany qualified segment can NOT be set with any of the three balancing segment qualifiers.
E. Segment values can be assigned more than once within your chart of account.
Question 2
Identify the two valid EPM Workspace features that designers incorporate into Books to enable viewers perform tasks.
A. User POV
B. Prompt
C. XML, HTML & PDF
D. Email inks
E. Related Content
Question 3
In Oracle Fusion, you can NOT edit the period after it is set to ____________.
A. Open or Enterable
B. Closed
C. Pending Closed
D. Open
Question 4
Select the appropriate financial Reporting Center functionality that helps users to view, input, manipulate, distribute and share data from the General Ledger balances to Microsoft Excel.
A. Financial Reporting Workspace
B. Account Monitor and Account Inspector
C. Smart View
D. Financial Reporting Studio
Question 5
To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.
A. specify the chart of account Intercompany receivables accounts, Intercompany payables accounts, the source and the category
B. specify the chart of account intercompany receivables and intercompany payables accounts
C. specify the chart of accounts intercompany payables only
D. specify the account of account intercompany receivables only
Solutions:
| Question 1 Answer: E | Question 2 Answer: A,B | Question 3 Answer: B | Question 4 Answer: C | Question 5 Answer: B |
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