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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Fundamentals | - General Ledger Overview
|
| Topic 2: Allocations and Period Close | - Period-End Processing
|
| Topic 3: Enterprise Structure and Configuration | - Enterprise Setup
|
| Topic 4: Intercompany and Consolidation | - Advanced General Ledger Features
|
| Topic 5: Financial Reporting and Analysis | - Reporting Capabilities
|
| Topic 6: Journal Processing | - Journal Management
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?
- A. Reference Data Sets
- B. Business Units functions
- C. Data Access Sets
- D. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
Correct Answer: B 🗳️
Which statement is true when creating an Implementation Project for Fusion Financials?
- A. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.
- B. Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
- C. You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
- D. Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
Correct Answer: A 🗳️
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What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?
- A. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
- B. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
- C. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
- D. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
- E. Posting performance is much faster.
Correct Answer: D,E 🗳️
You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
- A. Freeze the Intercompany Journal source in General Ledger.
- B. Close all subledger periods.
- C. Close Intercompany periods in Fusion Intercompany.
- D. Close the General Ledger period in the Manage Accounting Periods page.
Correct Answer: C 🗳️
You lust submitted the Accounting Configuration. Which two statements are correct?
- A. Verify the data roles created and assign them to the General Ledger users.
- B. Open the ledger's period to begin entering transactions.
- C. A Data Access Set with full read/write access to the ledger is automatically created.
- D. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
Correct Answer: B 🗳️
