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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Configuration | - Ledger Setup
|
| Topic 2: Journal Processing | - Journal Approval and Posting
|
| Topic 3: Accounting and Subledger Integration | - Subledger Accounting
|
| Topic 4: Period Close Process | - Close Activities
|
| Topic 5: Financial Reporting | - Reporting Tools
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?
A) Oracle Transactional Business Intelligence (OTBI)
B) Intelligence Publisher (BI Publish.
C) Smart View
D) Financial Reporting Center
E) Oracle Business Intelligence Applications (OBIA)
2. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
A) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
B) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
C) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
D) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
3. You want to enter budget data in Fusion General Ledger. Which method is not supported?
A) Entering budget Journals
B) Smart View
C) Application Development Framework Desktop Integration (ADFdi)
D) File-based Data Import
4. 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, make sure the tree is active, and the Publish check box is selected for the hierarchy.
D) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
5. Which two are prerequisites for creating subledger accounting entries?
A) Selecting source values from transaction objects
B) Completing preaccounting validation
C) Populating supporting reference information in reference objects
D) Creating subledger accounting events
E) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: B,C |
