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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Allocations and Period Close | - Period-End Processing
|
| Enterprise Structure and Configuration | - Enterprise Setup
|
| Intercompany and Consolidation | - Advanced General Ledger Features
|
| Journal Processing | - Journal Management
|
| Financial Reporting and Analysis | - Reporting Capabilities
|
| General Ledger Fundamentals | - General Ledger Overview
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
What type of user must be defined before you can create an Implementation Project?
- A. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
- B. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
- C. All roles that will be used throughout the implementation
- D. Implementation Users
- E. A full-time employee that has the FSM Superuser role assigned
Correct Answer: C 🗳️
You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?
- A. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
- B. Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
- C. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
- D. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
Correct Answer: D 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
Which repot show you differences between your subledger balances and General Ledger balances?
- A. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
- B. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
- C. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
- D. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
Correct Answer: D 🗳️
Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?
- A. Smart View
- B. Account Monitor
- C. Account Inspector and its charts
- D. Financial Reports with Embedded charts
Correct Answer: A 🗳️
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 define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
- C. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
- D. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
Correct Answer: C 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
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