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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What type of user must be defined before you can create an Implementation Project?

A) None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
B) All roles that will be used throughout the implementation
C) None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
D) Implementation Users
E) A full-time employee that has the FSM Superuser role assigned

2. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
B) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
C) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
D) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.

3. You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

A) Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet
B) There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
C) Intercompany transactions have not been fully processed.
D) All sub ledger transactions have been entered but do not have complete accounting.
E) Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

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

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

5. Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

A) Detach the table to resize it to the maximum size of the monitor
B) Use the Freeze feature on the tables to scroll through large amounts of data.
C) Export the table to Excel.
D) Run a Business Intelligence Publisher report with Excel as the output format.

Solutions: