Oracle 1z1-408 Q&A - in .pdf

  • 1z1-408 pdf
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 02, 2025
  • Q & A: 76 Questions and Answers
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  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
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  • Updated: Sep 02, 2025
  • Q & A: 76 Questions and Answers
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  • 1z1-408 Testing Engine
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 02, 2025
  • Q & A: 76 Questions and Answers
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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) Posting performance is much faster.
B) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
C) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
D) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
E) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.


2. You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

A) Point of View (POV)
B) RuleSets
C) Formulas
D) Run Time Prompts (RTP)


3. All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What does Oracle consider the best practice approach to performing consolidations?

A) Use General Ledger's Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
B) Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.
C) Use Oracle Hyperion Financial Management for this type of complex consolidation.
D) Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.


4. Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?

A) Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
B) Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
C) Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
D) Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
E) In Fusion Financials, you must manually reconcile your intercompany account balances.


5. Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

A) Oracle Identity Management (OIM)
B) Financials not a stand-alone product
C) Manage Users
D) Policy Manager (APM)
E) Hire a New Ernployee


Solutions:

Question # 1
Answer: A,B
Question # 2
Answer: B,C,D
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: A

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