Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question #1
Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A. Reference Data Sets
B. Business Units functions
C. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
D. Data Access Sets

Question #2
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

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

Question #3
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 can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
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 must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

Question #4
You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

A. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
B. Create your AutoPost criteria using minimal source and categories.
C. Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
D. Schedule your AutoPost Criteria set to run during off-peak hours only

Question #5
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. 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.
B. Additional intercompany rules will need to be defined for the two additional balancing segments.
C. 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.
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.

Solutions: