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Instant Download Oracle : 1z0-408 Questions & Answers as PDF & Test Engine

1z0-408
  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Aug 10, 2026
  • No. of Questions: 76 Questions and Answers
  • Download Limit: Unlimited
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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Journal Management
  • 1. Spreadsheet and automated journal import
    • 2. Journal posting and reversal processing
      • 3. Manual journal entry and approval
        Topic 2: Intercompany and Consolidation- Advanced General Ledger Features
        • 1. Consolidation concepts and processing
          • 2. Secondary ledgers and reporting currencies
            • 3. Intercompany balancing and transactions
              Topic 3: Financial Reporting and Analysis- Reporting Capabilities
              • 1. Account inquiry and balances analysis
                • 2. Financial Reporting Center and Smart View integration
                  • 3. Financial statement generation
                    Topic 4: General Ledger Fundamentals- General Ledger Overview
                    • 1. Oracle Fusion Financials architecture and General Ledger concepts
                      • 2. Ledger, legal entity, and business unit relationships
                        Topic 5: Enterprise Structure and Configuration- Enterprise Setup
                        • 1. Chart of Accounts configuration
                          • 2. Accounting calendars and accounting conventions
                            • 3. Ledgers and ledger sets configuration
                              Topic 6: Allocations and Period Close- Period-End Processing
                              • 1. Open and close accounting periods
                                • 2. Year-end processing
                                  • 3. Allocation rules and formulas

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    1. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
                                    What does Oracle consider best practice when this occurs?

                                    A) Translate only the adjusting journal entry.
                                    B) Rerun Revaluation and then rerun Translation
                                    C) Enter another adjusting journal entry in the currency to true up the balances.
                                    D) Rerun Translation and then reconsolidate your result


                                    2. Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
                                    What should you do to correct the problem?

                                    A) Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
                                    B) Open the Oracle Identity Management (OIM) and make sure the data roles were created.
                                    C) Open the Manage Users page and make sure the employees at
                                    D) Open Access Policy Manager (APM) and assign the roles manually


                                    3. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

                                    A) Create an Account Group using Account Monitor.
                                    B) Open a Smart View file saved on your desktop.
                                    C) Perform an account analysis online.
                                    D) Use Account Inspector.


                                    4. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
                                    Which three features facilitate this?

                                    A) Smart View
                                    B) Online Transactional Business Intelligence
                                    C) Account Inspector
                                    D) Financial Reports published to Excel
                                    E) Account Monitor


                                    5. Which two are prerequisites for creating subledger accounting entries?

                                    A) Completing preaccounting validation
                                    B) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
                                    C) Selecting source values from transaction objects
                                    D) Populating supporting reference information in reference objects
                                    E) Creating subledger accounting events


                                    Solutions:

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

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