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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?

A) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
B) Additional intercompany rules will need to be defined for the two additional balancing segments.
C) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
D) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.

2. Identify three functions of Functional Setup Manager.

A) Provide a central place to access and perform all of the setup steps across Fusion application product
B) Assign setup tasks to individuals with due dates where users must manually update their completion status.
C) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
D) Automatically mark the status of tasks as Completed after they have been completed.
E) Centrally manage the close processes across subledgers and ledgers.

3. Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

A) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
B) Cloud customers can use both OTBI and OBIA.
C) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
D) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
E) Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance

4. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
B) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
C) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
D) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.

5. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are stored for both subledger balances and general ledger balances.
B) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
C) Average balances are maintained for both actual and budget balances.
D) Average balances are stored in the Essbase cube.
E) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.

Solutions: