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Oracle 1z0-408 exam : Oracle Fusion Financials: General Ledger 2014 Essentials

1z0-408 Exam Questions
  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Aug 08, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
Financial Reporting and Analysis- Reporting Capabilities
  • 1. Account inquiry and balances analysis
    • 2. Financial statement generation
      • 3. Financial Reporting Center and Smart View integration
        Allocations and Period Close- Period-End Processing
        • 1. Allocation rules and formulas
          • 2. Open and close accounting periods
            • 3. Year-end processing
              Intercompany and Consolidation- Advanced General Ledger Features
              • 1. Secondary ledgers and reporting currencies
                • 2. Intercompany balancing and transactions
                  • 3. Consolidation concepts and processing
                    General Ledger Fundamentals- General Ledger Overview
                    • 1. Oracle Fusion Financials architecture and General Ledger concepts
                      • 2. Ledger, legal entity, and business unit relationships
                        Enterprise Structure and Configuration- Enterprise Setup
                        • 1. Ledgers and ledger sets configuration
                          • 2. Accounting calendars and accounting conventions
                            • 3. Chart of Accounts configuration
                              Journal Processing- Journal Management
                              • 1. Spreadsheet and automated journal import
                                • 2. Journal posting and reversal processing
                                  • 3. Manual journal entry and approval

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    1. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

                                    A) Financial Reporting Center
                                    B) General Accounting Dashboard
                                    C) Journals Work Area
                                    D) Period Close Work Area


                                    2. You want to monitor the dose process of all your financial subledgers and ledgers.
                                    How can you quickly obtain this information?

                                    A) Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
                                    B) Run Closing Status reports.
                                    C) Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
                                    D) Use Close Monitor in General Accounting Dashboard.


                                    3. How do you hide accounts with no balances showing #Missing in Smart view?

                                    A) Select the Data/Missing check box in the Data Options tab.
                                    B) This indicates a database connection issue. Try to reconnect to Fusion Applications.
                                    C) Use Excel functions to hide rows with #Missing assigned
                                    D) Choose the Suppress Zeros option under Data options.


                                    4. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
                                    Which two recommendations would you give your customer?

                                    A) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
                                    B) Additional intercompany rules will need to be defined for the two additional balancing segments.
                                    C) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
                                    D) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.


                                    5. Identify three functions of Functional Setup Manager.

                                    A) Automatically mark the status of tasks as Completed after they have been completed.
                                    B) Assign setup tasks to individuals with due dates where users must manually update their completion status.
                                    C) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
                                    D) Centrally manage the close processes across subledgers and ledgers.
                                    E) Provide a central place to access and perform all of the setup steps across Fusion application product


                                    Solutions:

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

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