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Updated: Oct 15, 2026
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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 |
| Real Exam Qty: | 55-75 |
| Available Languages: | English |
| Exam Price: | $245 USD (may vary by region) |
| Related Certifications: | Oracle Fusion Applications Certification Oracle Financials Cloud Certifications |
| Exam Duration: | 90 minutes |
| Passing Score: | 65%-70% (approx.) |
| Exam Format: | Scenario-based questions, Multiple choice |
| Certificate Validity Period: | Typically does not expire for legacy Oracle certifications (varies by Oracle policy) |
| 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 |
|---|---|
| Reporting | - Financial statements generation - Standard and ad-hoc reporting |
| Ledger and Accounting Processes | - Accounting calendar periods - Period close process - Posting journals to ledger |
| Journal Processing | - Recurring journals and allocations - Creating and managing journals - Journal approval workflows |
| General Ledger Setup | - Currency and calendar setup - Ledger configuration and setup - Chart of Accounts structure |
| Security and Access Control | - Role-based access control - Ledger security rules |
Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
A user wants to enter a multiple currency journal in the General Ledger. What must the user do to see the conversion rate type, conversion date, and conversion rate columns?
- A. At the Journal line level, select a blank value in the currency field.
- B. At the Journal line level, accept the default value in the currency field.
- C. At the Journal Header level, select a blank value in the currency field.
- D. At the Journal Header level, accept the default value in the currency field.
Correct Answer: B 🗳️
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When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.
- A. Run the report using an additional common currency conversion rate
- B. Run additional reports using a number of varied currency conversion rates
- C. Add a ledger-balancing line in the intercompany Payables account and rerun the report
- D. Add a ledger-balancing line in the intercompany Receivables account and rerun the report
Correct Answer: C 🗳️
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What are the two functions that Oracle Fusion Approvals Management (AMX) merges to approve journal flow?
- A. Business Process Execution Language (BPEL)
- B. Oracle Approvals Management (AME)
- C. Oracle Workflow
- D. Oracle PeopleSoft Approvals (AWE)
Correct Answer: B,D 🗳️
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A Client has a sales region the East coast and one on the West coast. The East coast sales region wants data analyzed for only their region.
Which tool should be used?
- A. SmartView
- B. SmartCube
- C. SmartSlice
- D. Web ADI
Correct Answer: C 🗳️
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Which is an INCORRECT Function for Fusion intercompany?
- A. You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.
- B. Intercompany enables you to have a more granular set of rules.
- C. You can use a simple setup in which you define one rule for your chart of accounts.
- D. The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
Correct Answer: A 🗳️
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