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Oracle 1z1-408 Exam Overview:

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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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) Data is summarized across segments that are not mapped to Hyperion Financial Management
C) The unmapped segments default to future use segments in Hyperion Financial Management
D) Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

2. Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?

A) You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
B) Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
C) Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
D) Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.

3. 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 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.
B) 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.
C) Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively
D) 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.

4. You want to enter budget data in Fusion General Ledger. Which method is not supported?

A) Application Development Framework Desktop Integration (ADFdi)
B) File-based Data Import
C) Smart View
D) Entering budget Journals

5. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A) Account Analysis Reports
B) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
C) Journals Reports
D) Aging Reports

Solutions: