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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Intercompany and Balancing | 15% | - Configuring intercompany accounts and rules - Intercompany reconciliation - Automatic balancing and elimination entries |
| Reporting and Analysis | 10% | - Account inspector and balance analysis - Financial reporting using OTBI and Smart View - Trial balance and inquiry tools |
| Ledgers and Accounting Configurations | 20% | - Currency and conversion rules - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management |
| Journal Processing | 20% | - Creating, approving, and posting journals - Recurring, allocation, and reversal journals - Journal import and validation |
| Consolidation and Close Process | 15% | - Consolidation methods and eliminations - Period close and year-end processing - Translation and revaluation |
| Chart of Accounts | 20% | - Designing and configuring chart of accounts structure - Cross-validation rules and segment security - Value sets, segments, and qualifiers |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?
- A. Manage Users
- B. Hire a New Ernployee
- C. Financials not a stand-alone product
- D. Policy Manager (APM)
- E. Oracle Identity Management (OIM)
Correct Answer: E 🗳️
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. Create your AutoPost criteria using minimal source and categories.
- B. 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.
- 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: B 🗳️
Your company has complex consolidation requirements with multiple general ledger instances.
You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.
What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?
- A. Data is summarized across segments that are not mapped to Hyperion Financial Management
- B. The unmapped segments default to future use segments in Hyperion Financial Management
- C. The data is not transferred.
- D. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
Correct Answer: D 🗳️
Which two are prerequisites for creating subledger accounting entries?
- A. Selecting source values from transaction objects
- B. Completing preaccounting validation
- C. Populating supporting reference information in reference objects
- D. Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
- E. Creating subledger accounting events
Correct Answer: B,C 🗳️
What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?
- A. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
- B. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
- C. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
- 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
Correct Answer: D 🗳️
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