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  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Jun 18, 2026
  • Q & A: 127 Questions and Answers
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  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Jun 18, 2026
  • Q & A: 127 Questions and Answers
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  • Exam Code: 1Z1-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
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  • Q & A: 127 Questions and Answers
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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. In Oracle Fusion Applications, a calendar can only have ___________.

A) Multiple period frequencies
B) Multiple period frequencies and period types
C) Oneperiod frequency and period type
D) Multiple period types


2. You have created allocution and periodic journal entry definitions for several monthly entries. You are now ready to generate allocation entries. Which task must be completed before generating the allocation and periodic entries?

A) Enter and post the journal balances for Mass Allocation in the Close period.
B) Manually set the last day of the submission period as the Accounting Date and Calculation effective Date.
C) Set the period to Close or Open.
D) Define, validate and deploy the rules or rule sets successfully from Allocation Manager.


3. The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?

A) three
B) One
C) Four
D) Two


4. Which components are used to perform ETL and prebuilt ETL logic while setting up Oracle Business Intelligence Enterprise Edition?

A) Information PowerCenter Servicer, and Informatics Repository
B) Oracle Business Analytics Warehouse and Oracle BI Presentation Services
C) Functional Setup Manager and Configuration Manager
D) Oracle BI Server and OLIP data source
E) Metadata Repository and BI Presentation Services Catalog


5. Identify three characters that can NOT be used with the FRExecute command.

A) (
B) =
C) >
D) ;
E) &


Solutions:

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

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