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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Intercompany and Consolidation | - Advanced General Ledger Features
|
| Topic 2: Allocations and Period Close | - Period-End Processing
|
| Topic 3: Journal Processing | - Journal Management
|
| Topic 4: Enterprise Structure and Configuration | - Enterprise Setup
|
| 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:
You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?
- A. You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
- B. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
- C. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
- D. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
Correct Answer: A,C 🗳️
Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?
- A. Delete the journal and create a new journal.
- B. Click the Withdraw Approval button in the Edit Journals page and edit the journal.
- C. Update the journal through workflow
- D. Reverse the journaland create a new one.
Correct Answer: C 🗳️
You lust submitted the Accounting Configuration. Which two statements are correct?
- A. Open the ledger's period to begin entering transactions.
- B. Verify the data roles created and assign them to the General Ledger users.
- C. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
- D. A Data Access Set with full read/write access to the ledger is automatically created.
Correct Answer: A 🗳️
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?
- A. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
- B. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
- C. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
- D. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
Correct Answer: B 🗳️
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Which two delivered ro.es can access the full functionality of Functional Setup Manager,
- A. Application Implementation Consultant
- B. Any functional user
- C. Application Implementation Manager
- D. IT Security Manager
- E. Functional Setup Manager Superuser
Correct Answer: A,C 🗳️
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