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Oracle 1z1-408 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials: General Ledger 2014 Essentials |
| Exam Number: | 1Z0-408 |
| Exam Format: | Multiple Choice, Multiple Response |
| Real Exam Qty: | 60-70 |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | Oracle certification policy dependent (historically non-expiring or subject to Oracle policy updates) |
| Related Certifications: | Oracle Fusion Financials Cloud Certification |
| Exam Price: | $245 USD (may vary by region) |
| Available Languages: | English |
| Recommended Training: | Oracle University - Fusion Financials Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: | Oracle 1z1-408 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE (online proctored or test center) |
| Pre Condition: | Basic understanding of accounting principles and Oracle Fusion Financials fundamentals recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Configuration | - Ledger Setup
|
| Financial Reporting | - Reporting Tools
|
| Journal Processing | - Journal Entries
|
| Accounting and Subledger Integration | - Subledger Accounting
|
| Period Close Process | - Close Activities
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Question 1
Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?
A. Data Access Sets
B. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
C. Business Units functions
D. Reference Data Sets
Question 2
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. Additional intercompany rules will need to be defined for the two additional 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. 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.
D. 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.
Question 3
After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?
A. Account Inspector
B. Application Development Framework Desktop Integration(ADFdi)
C. Account Monitor
D. Smart View
Question 4
Which two statements are true regarding how Intercompany Balancing Rule, are defied?
A. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
B. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
C. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
D. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
Question 5
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. 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. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
E. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
Solutions:
| Question 1 Answer: C | Question 2 Answer: B,C | Question 3 Answer: A | Question 4 Answer: D | Question 5 Answer: B,C |
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