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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A) Close Intercompany periods in Fusion Intercompany.
B) Close all subledger periods.
C) Close the General Ledger period in the Manage Accounting Periods page.
D) Freeze the Intercompany Journal source in General Ledger.

2. Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A) Business Units functions
B) Data Access Sets
C) Reference Data Sets
D) None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.

3. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

A) Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
B) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
C) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
D) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.

4. Which repot show you differences between your subledger balances and General Ledger balances?

A) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
B) Payables and Receivables Aging Reports with the General Ledger Trial Balance report
C) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
D) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports

5. You want to enter budget data in Fusion General Ledger. Which method is not supported?

A) Entering budget Journals
B) File-based Data Import
C) Application Development Framework Desktop Integration (ADFdi)
D) Smart View

Solutions: