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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Processing | 20% | - Creating, approving, and posting journals - Journal import and validation - Recurring, allocation, and reversal journals |
| Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Intercompany reconciliation - Configuring intercompany accounts and rules |
| Reporting and Analysis | 10% | - Account inspector and balance analysis - Trial balance and inquiry tools - Financial reporting using OTBI and Smart View |
| Chart of Accounts | 20% | - Designing and configuring chart of accounts structure - Value sets, segments, and qualifiers - Cross-validation rules and segment security |
| Consolidation and Close Process | 15% | - Translation and revaluation - Consolidation methods and eliminations - Period close and year-end processing |
| Ledgers and Accounting Configurations | 20% | - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management - Currency and conversion rules |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?
- A. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
- B. You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
- C. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
- D. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
Correct Answer: B,C 🗳️
Which two statements are true regarding how Intercompany Balancing Rule, are defied?
- A. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
- B. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
- C. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
- D. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
Correct Answer: A 🗳️
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Which three objectives must be considered when designing the chart of accounts?
- A. Anticipate growth and maintenance needs as organizational changes occur.
- B. Limit the number of segments to those you need today to reduce data entry.
- C. Consider implementing a single, global chart of accounts
- D. Effectively manage an organization's financial business.
- E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
Correct Answer: A,C,D 🗳️
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. Open Access Policy Manager (APM) and assign the roles manually
- B. Open the Manage Users page and make sure the employees at
- C. Open the Oracle Identity Management (OIM) and make sure the data roles were created.
- D. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
Correct Answer: A 🗳️
You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
- A. Close the General Ledger period in the Manage Accounting Periods page.
- B. Close all subledger periods.
- C. Close Intercompany periods in Fusion Intercompany.
- D. Freeze the Intercompany Journal source in General Ledger.
Correct Answer: C 🗳️
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