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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?

A) Two tree versions were not defined
B) Chart of accounts was not deployed.
C) An Audit process needs to be successfully performed before a tree version can be set to Active.
D) Accounting Configuration was not submitted-

2. You want to specify Intercompany System Options.
Which three factors should you consider?

A) Whether to allow receivers to reject intercompany transactions
B) Automatic or manual batch numbering and the minimum transaction amount
C) Automatic or manual batch numbering and the maximum transaction amount
D) Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
E) The approvers who will approve intercompany transactions

3. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?

A) Translate only the adjusting journal entry.
B) Rerun Revaluation and then rerun Translation
C) Enter another adjusting journal entry in the currency to true up the balances.
D) Rerun Translation and then reconsolidate your result

4. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.

A) Determine the accounting impact of transactions.
B) Capture accounting events.
C) Create the accounting in the source system and then import the journal entries into subledger accounting.
D) Analyze external system transactions.

5. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

A) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
B) Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
C) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
D) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for

Solutions: