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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
Enterprise Structure and Configuration- Enterprise Setup
  • 1. Accounting calendars and accounting conventions
    • 2. Chart of Accounts configuration
      • 3. Ledgers and ledger sets configuration
        Allocations and Period Close- Period-End Processing
        • 1. Open and close accounting periods
          • 2. Allocation rules and formulas
            • 3. Year-end processing
              Financial Reporting and Analysis- Reporting Capabilities
              • 1. Account inquiry and balances analysis
                • 2. Financial Reporting Center and Smart View integration
                  • 3. Financial statement generation
                    General Ledger Fundamentals- General Ledger Overview
                    • 1. Oracle Fusion Financials architecture and General Ledger concepts
                      • 2. Ledger, legal entity, and business unit relationships
                        Journal Processing- Journal Management
                        • 1. Spreadsheet and automated journal import
                          • 2. Manual journal entry and approval
                            • 3. Journal posting and reversal processing
                              Intercompany and Consolidation- Advanced General Ledger Features
                              • 1. Intercompany balancing and transactions
                                • 2. Secondary ledgers and reporting currencies
                                  • 3. Consolidation concepts and processing

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
                                    How do you accomplish this?

                                    • A. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
                                    • B. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.
                                    • C. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
                                    • D. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B  🗳️

                                    Explanation: Only visible for PrepAwayTest members. You can sign-up / login (it's free).

                                    Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
                                    Which two recommendations would you give your customer?

                                    • A. Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
                                    • B. When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
                                    • C. Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
                                    • D. Additional intercompany rules will need to be defined for the two additional balancing segments.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A,B  🗳️

                                    Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

                                    • A. Export the table to Excel.
                                    • B. Use the Freeze feature on the tables to scroll through large amounts of data.
                                    • C. Run a Business Intelligence Publisher report with Excel as the output format.
                                    • D. Detach the table to resize it to the maximum size of the monitor
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A,D  🗳️

                                    Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
                                    Which three features facilitate this?

                                    • A. Account Inspector
                                    • B. Online Transactional Business Intelligence
                                    • C. Account Monitor
                                    • D. Financial Reports published to Excel
                                    • E. Smart View
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

                                    You want to monitor the dose process of all your financial subledgers and ledgers.
                                    How can you quickly obtain this information?

                                    • A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
                                    • B. Use Close Monitor in General Accounting Dashboard.
                                    • C. Run Closing Status reports.
                                    • D. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

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