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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Enterprise Structure and Configuration | - Enterprise Setup
|
| Topic 2: Journal Processing | - Journal Management
|
| Topic 3: Intercompany and Consolidation | - Advanced General Ledger Features
|
| Topic 4: Allocations and Period Close | - Period-End Processing
|
| Topic 5: Financial Reporting and Analysis | - Reporting Capabilities
|
| Topic 6: General Ledger Fundamentals | - General Ledger Overview
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?
- A. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
- B. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
- C. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
- D. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
Correct Answer: D 🗳️
Which three objectives must be considered when designing the chart of accounts?
- A. Effectively manage an organization's financial business.
- B. Consider implementing a single, global chart of accounts
- C. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
- D. Anticipate growth and maintenance needs as organizational changes occur.
- E. Limit the number of segments to those you need today to reduce data entry.
Correct Answer: A,B,D 🗳️
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 Monitor
- B. Application Development Framework Desktop Integration(ADFdi)
- C. Account Inspector
- D. Smart View
Correct Answer: C 🗳️
You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?
- A. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
- B. Create your AutoPost criteria using minimal source and categories.
- C. Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
- D. Schedule your AutoPost Criteria set to run during off-peak hours only
Correct Answer: A 🗳️
You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?
- A. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
- B. Snapshot reports can only be viewed online.
- C. Users can drill down on snapshot reports for future analysis.
- D. Using Workspace, assemble multiple reports into a book.
- E. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
Correct Answer: A,D,E 🗳️
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