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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Transaction Objects
B) Accounting attributes
C) Mapping Sets
D) Event Entities
E) Event Classes

2. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?

A) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
B) Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
C) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
D) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.

3. On whichthree occasions are Essbase balances updated?

A) Every time you open a new period
B) Every time you run the batch program called "Update Essbase Balances"
C) Every time the tree version is published
D) At report run-time
E) Every time journals are posted to the general ledger

4. Which two types of journals can be automatically routed through the journal approval process?

A) Journals imported from third-party systems
B) Sub ledger journals
C) Revaluation journals
D) Manual journals
E) Allocation journals

5. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?

A) Segment Value Security
B) Data Access Sets
C) Cross-Validation Rules
D) Role-Based Access

Solutions: