Oracle 1Z0-508 real exam prep : Oracle Fusion Financials 11g General Ledger Essentials

  • Exam Code: 1Z0-508
  • Exam Name: Oracle Fusion Financials 11g General Ledger Essentials
  • Updated: Sep 02, 2025
  • Q&As: 127 Questions and Answers

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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which report indicates if the accounting entries have been transferred to the Oracle Ledger when submitting the Create Accounting process?

A) Trial Balance - Detail
B) Create Accounting execution Report
C) Journals - (132 Char)
D) Create Accounting Report


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


3. How do you identify errors in the accounting calendar?

A) Run the Transaction Calendar Concurrent Process.
B) A calendar with errors can NOT be saved.
C) An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
D) Run the Create Accounting Process.


4. Which three actions can you perform on subledger journal entities?

A) Complete
B) Finish
C) Duplicate
D) Close
E) Incomplete
F) Reverse


5. A database connection can be changed when moving from a development environment server to a production environment server. Identify the reason for the error message "1012: Report contains an Invalid grid. The following dimensions could not be found: Measures."

A) Opening or running the reports or books for an INVALID database connection
B) Dimensions do NOT match a specific report in the book
C) Dimensions existed in the old database connection, but NOT in the new database connection
D) Dimensions in the changed database connections do NOT match the previous dimensions


Solutions:

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

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