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 09, 2025
  • Q & A: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify two correct behaviors of conditional suppression of rows and columns.

A) If an entire row or column meets the criteria specified for conditional suppression, the entire row or column is hidden.
B) If only some of the cells in a row or column meet the criteria specified for conditional suppression, the row or column is hidden.
C) When the Hide Always chock box is selected for a row or column, you can ignore the values and calculations in hidden rows and columns.
D) The calculation does NOT consider suppressed rows.


2. Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?

A) running a trial balance report to reconcile books
B) moving the cursor over projected balances displays the impact a journal will have on accounts
C) getting more detail on a balance by clicking the Show More button
D) setting notification thresholds in the Account Monitor view


3. The tables, of views, from which Create Accounting takes source data to use in rules and create entries are referred to as_________.

A) Transaction Objects
B) Accounting attributes
C) Event Classes
D) Mapping Sets
E) Event Entities


4. Where can a multidimensional analysis of accounting balances be performed online?

A) Project Analytics
B) Forecast and Actual versus Quota
C) Account Monitor and Account Inspector
D) Revenue Influenced by Program
E) Requisition Overview


5. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A) specify the chart of accounts intercompany payables only
B) specify the chart of account intercompany receivables and intercompany payables accounts
C) specify the chart of account Intercompany receivables accounts, Intercompany payables accounts, the source and the category
D) specify the account of account intercompany receivables only


Solutions:

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

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