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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
B) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
C) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
D) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.

2. Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?

A) There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
B) Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
C) There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
D) Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.

3. Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

A) Job level
B) Approval Group
C) Supervisory level based on HR Supervisors
D) Position

4. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A) Period Close Work Area
B) General Accounting Dashboard
C) Financial Reporting Center
D) Journals Work Area

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

Solutions: