Oracle Fusion Financials 11g General Ledger Essentials

Oracle Fusion Financials 11g General Ledger Essentials

The Oracle Fusion Financials 11g General Ledger Essentials (1Z0-508) exam is designed for candidates who possess a strong foundation and expertise implementing and configuring the Fusion General Ledger application. This exam targets the advanced intermediate-level implementation team member. Up to date training and field experience are strongly recommended to pass the exam.

OPN members earning this certification will be recognized as OPN Certified Specialists. This certification helps OPN members differentiate themselves in the marketplace through proven in-depth expertise and helps their partner company qualify for the Oracle Financials: Oracle Fusion Financials Solutions Specialization.

Exam Number:
120 minutes
Exam Price:
US$ 245

More on exam pricing
Number of
 Oracle Fusion Financials 11g General Ledger Certified Implementation Specialist

 OPN Certified Specialist

Passing score subject to change. View Details
Exam Validation:
Exam validated against release 11g
Exam Format:
Multiple Choice


Recommended Training Additional Information & Resources Exam Topics Fraudulent Activity Policy

Recommended Training
Oracle Fusion Financials 11g General Ledger Exam Study Guide (PDF)
OPN Guided Learning Path
Oracle Fusion Financials 11General Ledger Implementation Specialist
Oracle University Training
Fusion Applications: Introduction to Financials Implementation
Fusion Applications: Accounting Hub Fundamentals


Additional Information & Resources
Exam Retake Policy
Specialization Catalog (PDF) for all launched and planned Specializations
Product Mapping to Specialization (XLS)


Exam Topics

General Set Up

  • Design the Chart of Accounts
  • Explain the SmartCube
  • Set up accounting hierarchies
  • Set up the accounting calendar
  • Set up the organizational structure

Journal Processing

  • Select a journal entry mode and process journal entries
  • Process journal entries with multicurrency or multiple balancing segments
  • Explain the advanced approval process
  • Configure allocations and periodic entries

Sub Ledger Accounting

  • Use the Accounting Hub
  • Design the sub ledger and process sub ledger journal entries
  • Craft accounting distributions
  • Define the use of event models and events
  • Define accounting method and journal entry rule sets

Intercompany Settlements

  • Set up Intercompany Settlements (system options, transaction types, organizations)
  • Describe intercompany balancing
  • Design the Chart of Account and segment level rules for intercompany
  • Process intercompany transactions and periods
  • Process intercompany reconciliations

Other Accounting Activities

  • Process account reconciliations
  • Close accounting periods
  • Explain the general accounting dashboard

Reporting & Dashboards

  • Explain how to design and use reports
  • Set up the Financials Reporting Studio
  • Explain how to design and use dashboards
  • Describe the Analytics Flow
  • Describe Smartview accounting inquiry and analysis

Business Intelligence in Fusion Financials

  • Set up Business Intelligence for Fusion General Ledger
  • Describe the key uses of Business Intelligence in Fusion General Ledger
  • Describe the key metrics for Fusion Financials
  • Describe how to work with Reporting Work Areas


Oracle Certification Program Fraudulent Activity Policy
Oracle reserves the right to take action against any candidate involved in fraudulent activities, including, but not limited to, fraudulent use of vouchers, promotional codes, reselling exam discounts and vouchers, cheating on an exam, alteration of score reports, alteration of completion certificates, violation of exam retake policies or other activities deemed fraudulent by Oracle.

If Oracle determines, in its sole discretion, that fraudulent activity has taken place, it reserves the right to take action up to and including, but not limited to, decertification of a candidate's Oracle Certified Associate, Oracle Certified Professional and/or OCM credentials, temporary, indefinite or permanent ban of a candidate from Oracle certification programs, notification to a candidate's employer, and notification to law enforcement agencies. Candidates found committing fraudulent activities forfeit all fees previously paid to Oracle, or to Oracle's authorized vendors, and may be required to pay additional fees for services rendered.

View the Oracle Certification Program Candidate Agreement which requires your agreement before the start of each exam.

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