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

1Z1-508 real exams

Exam Code: 1Z1-508

Exam Name: Oracle Fusion Financials 11g General Ledger Essentials

Updated: Sep 02, 2025

Q & A: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which accounting attribute group will capture a customer's accounting invoice and the cash applied to that invoice?

A) Business Flow
B) Distribution identifiers
C) Tax attribute
D) System Transaction identifiers


2. How can you restrict access to dashboards, dashboard pages, and other presentation catalog objects?

A) Create a custom dashboard In Oracle Business Intelligence Enterprise Edition (OBIEE).
B) Use membership controls to limit user access.
C) Use the security filter.
D) Assign object security to predefined groups.


3. In the Essbase database source, how do you identify duplicate members?

A) use the member perspective
B) use member Information
C) use an alias name for a database member
D) display qualified names instead of the member names


4. The life cycle of a transaction's accounting impact is modeled by using__________.

A) Event Entities
B) Journal Categories
C) Journal Sources
D) Event Classes and Types
E) Process Categories


5. Identify the two steps that must be completed when performing Accounting Configuration

A) Create Reporting Currencies
B) Create Primary Ledgers
C) Create Legal Entities
D) Open First Period


Solutions:

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

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