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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Journal Processing | - Journal Management
|
| Enterprise Structure and Configuration | - Enterprise Setup
|
| Financial Reporting and Analysis | - Reporting Capabilities
|
| Allocations and Period Close | - Period-End Processing
|
| General Ledger Fundamentals | - General Ledger Overview
|
| Intercompany and Consolidation | - Advanced General Ledger Features
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. Which two delivered ro.es can access the full functionality of Functional Setup Manager,
A) Any functional user
B) Application Implementation Manager
C) Application Implementation Consultant
D) Functional Setup Manager Superuser
E) IT Security Manager
2. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?
A) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
B) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
C) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
D) 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
3. What is the most efficient way to add a new year to the accounting calendar?
A) Import the periods from a spreadsheet
B) The application automatically populates the next year when you open the first period a new fiscal year.
C) Use the Add Year button
D) Add the periods manually
4. Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?
A) Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
B) Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.
C) Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
D) Create two journal line rules with a condition of supplier type.
5. 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 General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate 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 spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
D) There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |



