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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?

A) You only need to assign the Legal Entity and Organization Contact.
B) You must perform additional setup steps for Fusion Payables and Fusion Receivables.
C) You can only associate one Intercompany Organization per Legal Entity.
D) You must assign the corresponding Receivables and Payables Business Units.

2. What Is Oracle Essbase?

A) A robust reporting and analysis tool
B) A data ware house
C) A relational database
D) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger

3. What is the most efficient way to add a new year to the accounting calendar?

A) Add the periods manually
B) Use the Add Year button
C) Import the periods from a spreadsheet
D) The application automatically populates the next year when you open the first period a new fiscal year.

4. 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) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
C) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
D) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.

5. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

A) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
B) The Account Rule's chartof accounts have no account values assigned
C) The Account Rule's conditions are not defined.
D) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.

Solutions: