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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?

A) Translate only the adjusting journal entry.
B) Rerun Revaluation and then rerun Translation
C) Rerun Translation and then reconsolidate your result
D) Enter another adjusting journal entry in the currency to true up the balances.

2. Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?

A) Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
B) In Fusion Financials, you must manually reconcile your intercompany account balances.
C) Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
D) Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
E) Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.

3. What type of user must be defined before you can create an Implementation Project?

A) None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
B) Implementation Users
C) All roles that will be used throughout the implementation
D) None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
E) A full-time employee that has the FSM Superuser role assigned

4. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
C) Posting performance is much faster.
D) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
E) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

5. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
B) Journals Reports
C) Account Analysis Reports
D) Aging Reports

Solutions: