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Oracle Fusion Financials: General Ledger 2014 Essentials: 1z0-408 Exam
"Oracle Fusion Financials: General Ledger 2014 Essentials", also known as 1z0-408 exam, is a Oracle Certification. With the complete collection of questions and answers, PrepAwayTest has assembled to take you through 76 Q&As to your 1z0-408 Exam preparation. In the 1z0-408 exam resources, you will cover every field and category in Oracle Applications Certification helping to ready you for your successful Oracle Certification.
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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial Reporting | - Reporting Tools
|
| Topic 2: Period Close Process | - Close Activities
|
| Topic 3: General Ledger Configuration | - Ledger Setup
|
| Topic 4: Journal Processing | - Journal Entries
|
| Topic 5: Accounting and Subledger Integration | - Subledger Accounting
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).
- A. Cloud customers can use both OTBI and OBIA.
- B. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
- C. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
- D. OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
- E. OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
Correct Answer: B,C,E 🗳️
Which three objectives must be considered when designing the chart of accounts?
- A. Anticipate growth and maintenance needs as organizational changes occur.
- B. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
- C. Limit the number of segments to those you need today to reduce data entry.
- D. Consider implementing a single, global chart of accounts
- E. Effectively manage an organization's financial business.
Correct Answer: A,D,E 🗳️
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 templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
- 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 "Enter a Supplier" user interface to enter each user manually.
- E. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
Correct Answer: E 🗳️
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. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
- C. Verify the data roles created and assign them to the General Ledger users.
- D. Open the ledger's period to begin entering transactions.
Correct Answer: D 🗳️
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. In Fusion Financials, you must manually reconcile your intercompany account balances.
- B. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
- C. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
- D. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
- E. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
Correct Answer: C 🗳️
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