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Oracle Oracle Applications 1Z0-508

1Z0-508

Exam Code: 1Z0-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Jun 01, 2026

Q & A: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Choose the Oracle application that will automatically update the chart of accounts values and Hierarchies across multiple Oracle E-Business Suite and Oracle Fusion instances through a single application.

A) Oracle Fusion General Ledger Suite
B) Oracle Fusion Accounting Hub
C) Oracle Hyperion Data Relationship Management
D) Oracle Business Intelligence Enterprise Edition


2. XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.

A) hierarchy between the organization and its departments and functional divisions only
B) Hierarchy between the organization and its departments, and between the departments and their respective functional divisions
C) Hierarchy between functional divisions only
D) Hierarchy between departments only


3. Which tab is used in the journals Work region of the General Accounting Dashboard to identify journals that produce an error during the Posting Process or that are rejected in the approval flow?

A) Requiring Attention
B) Pending Approval Prom Others
C) Incomplete
D) Import Errors


4. Identify the SmartView Ribbon command that is used to display levels in the Member hierarchy.

A) Zoom in and Zoom out
B) Query
C) Drill Through
D) Cascade


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

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


Solutions:

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

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