PDF Version DemoOracle 1z0-408 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion Financials: General Ledger 2014 Essentials |
| Exam Number: | 1Z0-408 |
| Available Languages: | English |
| Exam Price: | $245 USD (may vary by region) |
| Real Exam Qty: | 60-70 |
| Certificate Validity Period: | Oracle certification policy dependent (historically non-expiring or subject to Oracle policy updates) |
| Exam Format: | Multiple Response, Multiple Choice |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Fusion Financials Cloud Certification |
| Recommended Training: | Oracle University - Fusion Financials Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1z0-408 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE (online proctored or test center) |
| Pre Condition: | Basic understanding of accounting principles and Oracle Fusion Financials fundamentals recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Accounting and Subledger Integration | - Subledger Accounting
|
| Topic 2: Journal Processing | - Journal Approval and Posting
|
| Topic 3: Financial Reporting | - Reporting Tools
|
| Topic 4: Period Close Process | - Close Activities
|
| Topic 5: General Ledger Configuration | - Ledger Setup
|
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. Formulas
B. Run Time Prompts (RTP)
C. RuleSets
D. Point of View (POV)
Question #2
Which two statements are true regarding the export/import of reports?
A. The export/import reports are available only for Fusion Customer Relationship Management.
B. A set of reports lists user names, suppliers, and customers that have been exported/imported
C. Reports on setup data can be used to compare and analyze how the data might have changed over time.
D. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
E. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
Question #3
Which statement is true when creating an Implementation Project for Fusion Financials?
A. 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
B. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.
C. Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
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.
Question #4
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. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
C. Data Access Sets
D. Business Units functions
Question #5
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 maintained for both actual and budget balances.
B. Average balances are stored in the Essbase cube.
C. 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.
D. Average balances are stored for both subledger balances and general ledger balances.
E. When using ADB, you must define a daily calendar and assign it to your ADB ledger.
Solutions:
| Question #1 Correct Answer: A,B,C | Question #2 Correct Answer: A,D | Question #3 Correct Answer: B | Question #4 Correct Answer: D | Question #5 Correct Answer: A,C |
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