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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question 1

You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

A. Point of View (POV)
B. RuleSets
C. Run Time Prompts (RTP)
D. Formulas

Question 2

When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A. Redeploy the chart of accounts.
B. Make sure the tree is active.
C. Make sure to flatten the rows of the tree version.
D. Make sure the tree version was published successfully.

Question 3

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

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

Question 4

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. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
D. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.

Question 5

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

A. Journal Description
B. Journal Source
C. Journal Batch
D. Journal Category

Solutions: