Real Oracle 1Z1-508 practice exam questions for easy pass!
Last Updated: Jul 31, 2026
No. of Questions: 127 Questions & Answers with Testing Engine
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| Section | Objectives |
|---|---|
| Reporting | - Standard and ad-hoc reporting - Financial statements generation |
| General Ledger Setup | - Ledger configuration and setup - Chart of Accounts structure - Currency and calendar setup |
| Journal Processing | - Creating and managing journals - Recurring journals and allocations - Journal approval workflows |
| Ledger and Accounting Processes | - Posting journals to ledger - Accounting calendar periods - Period close process |
| Security and Access Control | - Role-based access control - Ledger security rules |
1. Identify two INVALID features of POV in Financial Reporting Studio.
A) POV book is specific to any report or grid object in report in that book.
B) To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.
C) A memberselection function with CurrentPOV as the member parameter changes to a User POV when members are selected from a row, column or page axis on a grid.
D) Multiple grids cannot be Included in a report.
E) All POVs allow a single member to be set for a dimension.
2. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?
A) Financial Reporting Studio
B) Web ADI
C) SmartView
D) Application Development Framework Integration
3. Which components are used to perform ETL and prebuilt ETL logic while setting up Oracle Business Intelligence Enterprise Edition?
A) Oracle Business Analytics Warehouse and Oracle BI Presentation Services
B) Information PowerCenter Servicer, and Informatics Repository
C) Functional Setup Manager and Configuration Manager
D) Oracle BI Server and OLIP data source
E) Metadata Repository and BI Presentation Services Catalog
4. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.
A) specify the chart of account intercompany receivables and intercompany payables accounts
B) specify the chart of accounts intercompany payables only
C) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
D) specify the chart of account intercompany receivables only
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) Segment qualifier
B) Chart Account Balancing Rule
C) Chart of Account Rule
D) Balancing Segment Rule
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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