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

  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Jun 11, 2026   Q&As: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which view do you use to set parameters and define the data that is displayed in the SmartView report.

A) SmartSlice
B) SmartCube
C) Point of View
D) SmrtView


2. What are the two functions that Oracle Fusion Approvals Management (AMX) merges to approve journal flow?

A) Oracle PeopleSoft Approvals (AWE)
B) Oracle Workflow
C) Oracle Approvals Management (AME)
D) Business Process Execution Language (BPEL)


3. To update an intercompany calendar, the calendar status must be in a(n)__________.

A) Pending Close Period
B) Open Period
C) Newer Open or Closed Period
D) Final Closed Period


4. Identify the two items that the intercompany Reconciliation reports display.

A) ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance
B) clearing company balance lines
C) intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
D) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction


5. Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

A) Ledger Set
B) Debit ledgers
C) Currency Ledgers
D) Single Ledger
E) Level ledger update
F) Related ledgers


Solutions:

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

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