Download Oracle : 1Z0-508 Questions & Answers as PDF & Test Software
Updated: May 28, 2026
No. of Questions: 127 Questions & Answers with Testing Engine
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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:
1. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.
A) specify the chart of account intercompany receivables only
B) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
C) specify the chart of accounts intercompany payables only
D) specify the chart of account intercompany receivables and intercompany payables accounts
2. What are two reasons for using scorecards?
A) Gauges
B) Assessment Mappings
C) KPIs are represented hierarchically
D) Dimension Pinnings
E) an objective and its supporting child objectives
3. 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) The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
C) You can use a simple setup in which you define one rule for your chart of accounts.
D) Intercompany enables you to have a more granular set of rules.
4. Choose the two options that need to be enabled for Journal Approval.
A) Journal Source
B) Batch level
C) Ledger level
D) Account
5. What metric values are available on the General Ledger Dashboard?
A) Price Yield, Win-Loss Ratio, Campaign Performance
B) Cost of Goods Sold, Return on Equity
C) Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
D) Schedule Compliance, Target Attainment, Service Level
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C,E | Question # 3 Answer: A | Question # 4 Answer: A,C | Question # 5 Answer: C |
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