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Oracle 1z1-408 Exam Syllabus Topics:

SectionObjectives
Intercompany and Consolidation- Advanced General Ledger Features
  • 1. Consolidation concepts and processing
    • 2. Secondary ledgers and reporting currencies
      • 3. Intercompany balancing and transactions
        Financial Reporting and Analysis- Reporting Capabilities
        • 1. Financial Reporting Center and Smart View integration
          • 2. Financial statement generation
            • 3. Account inquiry and balances analysis
              Enterprise Structure and Configuration- Enterprise Setup
              • 1. Chart of Accounts configuration
                • 2. Ledgers and ledger sets configuration
                  • 3. Accounting calendars and accounting conventions
                    Allocations and Period Close- Period-End Processing
                    • 1. Year-end processing
                      • 2. Open and close accounting periods
                        • 3. Allocation rules and formulas
                          General Ledger Fundamentals- General Ledger Overview
                          • 1. Ledger, legal entity, and business unit relationships
                            • 2. Oracle Fusion Financials architecture and General Ledger concepts
                              Journal Processing- Journal Management
                              • 1. Manual journal entry and approval
                                • 2. Spreadsheet and automated journal import
                                  • 3. Journal posting and reversal processing

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    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. The data is not transferred.
                                    • B. The unmapped segments default to future use segments in Hyperion Financial Management
                                    • C. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
                                    • D. Data is summarized across segments that are not mapped to Hyperion Financial Management
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

                                    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.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A  🗳️

                                    Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).

                                    Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
                                    What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

                                    • A. Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively
                                    • B. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
                                    • C. Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
                                    • D. Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B  🗳️

                                    How do you hide accounts with no balances showing #Missing in Smart view?

                                    • A. Use Excel functions to hide rows with #Missing assigned
                                    • B. This indicates a database connection issue. Try to reconnect to Fusion Applications.
                                    • C. Select the Data/Missing check box in the Data Options tab.
                                    • D. Choose the Suppress Zeros option under Data options.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

                                    Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).

                                    You want to define a tree or hierarchy for use in reports and allocations.
                                    What three aspects should you remember when creating the tree?

                                    • A. The tree should have at least two tree versions to reduce report and allocation maintenance.
                                    • B. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
                                    • C. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
                                    • D. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
                                    • E. It is fine to have the same child value roll up to two or more different parent values.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A,C,E  🗳️

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