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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Consolidation and Close Process | 15% | - Translation and revaluation - Period close and year-end processing - Consolidation methods and eliminations |
| Topic 2: Journal Processing | 20% | - Creating, approving, and posting journals - Journal import and validation - Recurring, allocation, and reversal journals |
| Topic 3: Chart of Accounts | 20% | - Cross-validation rules and segment security - Value sets, segments, and qualifiers - Designing and configuring chart of accounts structure |
| Topic 4: Ledgers and Accounting Configurations | 20% | - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management - Currency and conversion rules |
| Topic 5: Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Intercompany reconciliation - Configuring intercompany accounts and rules |
| Topic 6: Reporting and Analysis | 10% | - Trial balance and inquiry tools - Financial reporting using OTBI and Smart View - Account inspector and balance analysis |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?
A) Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
B) Open the Oracle Identity Management (OIM) and make sure the data roles were created.
C) Open Access Policy Manager (APM) and assign the roles manually
D) Open the Manage Users page and make sure the employees at
2. Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.
A) If they are different, then the exchange rate is missing between the intercompany and ledger currency.
B) The intercompany period is closed.
C) The intercompany transaction is not approved.
D) Both the intercompany and general ledger periods are open.
E) The corresponding Payables and Receivablesinvoicehave not been generated.
3. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?
A) Posting performance is much faster.
B) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
C) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
D) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
E) 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.
4. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
A) Journal Description
B) Journal Category
C) Journal Source
D) Journal Batch
5. You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?
A) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
B) It is fine to have the same child value roll up to two or more different parent values.
C) You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
D) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
E) The tree should have at least two tree versions to reduce report and allocation maintenance.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,C,E | Question # 3 Answer: A,E | Question # 4 Answer: D | Question # 5 Answer: B,D,E |
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