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Oracle 1z0-408 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion Financials: General Ledger 2014 Essentials |
| Exam Number: | 1Z0-408 |
| Certificate Validity Period: | Valid until retired; certification does not expire |
| Real Exam Qty: | 76 |
| Related Certifications: | Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333) |
| Exam Format: | Multiple Choice, Multiple Select |
| Passing Score: | 66% |
| Exam Duration: | 120 minutes |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Recommended Training: | Oracle Fusion Financials: General Ledger 2014 Implementation Training |
| Exam Registration: | Pearson VUE Oracle University |
| Sample Questions: | Oracle 1z0-408 Sample Questions |
| Exam Way: | Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; implementation experience recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-fusion-financials-general-ledger-2014-essentials/pexam_1Z0-408 |
Oracle 1z0-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Configuring intercompany accounts and rules - Intercompany reconciliation |
| Chart of Accounts | 20% | - Designing and configuring chart of accounts structure - Cross-validation rules and segment security - Value sets, segments, and qualifiers |
| Journal Processing | 20% | - Recurring, allocation, and reversal journals - Journal import and validation - Creating, approving, and posting journals |
| Ledgers and Accounting Configurations | 20% | - Defining ledgers, ledger sets, and reporting currencies - Currency and conversion rules - Accounting calendars and period management |
| Reporting and Analysis | 10% | - Account inspector and balance analysis - Financial reporting using OTBI and Smart View - Trial balance and inquiry tools |
| Consolidation and Close Process | 15% | - Consolidation methods and eliminations - Period close and year-end processing - Translation and revaluation |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?
A) Make sure the tree version was published successfully.
B) Redeploy the chart of accounts.
C) Make sure to flatten the rows of the tree version.
D) Make sure the tree is active.
2. 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) 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.
B) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
C) 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.
D) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
3. You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?
A) Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
B) Run Closing Status reports.
C) Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
D) Use Close Monitor in General Accounting Dashboard.
4. 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) Use Account Inspector.
D) Perform an account analysis online.
5. Which repot show you differences between your subledger balances and General Ledger balances?
A) Payables and Receivables Aging Reports with the General Ledger Trial Balance report
B) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
C) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
D) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
By Phoebe
