Free Oracle 1Z1-508 Exam Dumps Questions & Answers


Exam Code/Number:	1Z1-508Join the discussion
Exam Name:	Oracle Fusion Financials 11g General Ledger Essentials
Certification:	Oracle
Free Question Number:	127
Publish Date:	Oct 02, 2026
# of views:	3389
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Page: 1 / 26
Total 127 questions

Question 1

Changing a Fusion Intercompany system option would______________.

A.be effective on transactions in progress
B.impact both new and transactions in progress
C.will be retroactive and include historical transactions
D.take effect on new, existing, and transactions in progress
E.take effect only on new transactions going forward

Question 2

Transaction objects in Fusion Accounting Hub are associated to_____________.

A.Event Types
B.Event Classes
C.Journal Line Types
D.Event Entities

Question 3

Identify the two items that the intercompany Reconciliation reports display.

A.intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
B.ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance
C.clearing company balance lines
D.intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction

Question 4

Choose the four steps required to create and use the chart of accounts.

A.Publish Account Hierarchies.
B.Create Value Sets.
C.Create Chart of Accounts Structure.
D.Create Account Hierarchies.
E.Create Chart of Accounts Structure Instance.
F.Create Value Set Values.

Question 5

A company has the second and third balancing segment enabled for its chart of accounts, and the journal is balanced by the primary balancing segment but is out of balance by the second and third balancing segment. This is an example of ____________.

A.Balancing Segment Rule
B.Chart Account Balancing Rule
C.Segment qualifier
D.Chart of Account Rule