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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?

A) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
B) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
C) You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
D) If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

2. You lust submitted the Accounting Configuration. Which two statements are correct?

A) A Data Access Set with full read/write access to the ledger is automatically created.
B) Verify the data roles created and assign them to the General Ledger users.
C) Open the ledger's period to begin entering transactions.
D) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.

3. You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

A) Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet
B) All sub ledger transactions have been entered but do not have complete accounting.
C) There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
D) Subledger transactions have been accounted and transferred to General Ledger but have not been posted.
E) Intercompany transactions have not been fully processed.

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

A) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
B) Posting performance is much faster.
C) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
D) 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.
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 required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

A) Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
B) Use the "Hire an Employee" user interfaceto inter each user manually.
C) Use SQL to populate the HR interface tables and load employees in bulk.
D) Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
E) Use the "Enter a Supplier" user interface to enter each user manually.

Solutions: