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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. Identify three functions of Functional Setup Manager.

A) Assign setup tasks to individuals with due dates where users must manually update their completion status.
B) Provide a central place to access and perform all of the setup steps across Fusion application product
C) Centrally manage the close processes across subledgers and ledgers.
D) Automatically mark the status of tasks as Completed after they have been completed.
E) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.

3. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
B) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
C) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
D) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

4. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are stored for both subledger balances and general ledger balances.
B) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
C) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
D) Average balances are stored in the Essbase cube.
E) Average balances are maintained for both actual and budget balances.

5. Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

A) Smart View
B) Oracle Business Intelligence Applications (OBIA)
C) Intelligence Publisher (BI Publish.
D) Financial Reporting Center
E) Oracle Transactional Business Intelligence (OTBI)

Solutions: