Oracle 1z1-408 Exam : Oracle Fusion Financials: General Ledger 2014 Essentials

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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question 1

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

A. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
B. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
C. The Account Rule's chartof accounts have no account values assigned
D. The Account Rule's conditions are not defined.

Question 2

Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?

A. Segment Value Security
B. Cross-Validation Rules
C. Data Access Sets
D. Role-Based Access

Question 3

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
D. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.

Question 4

Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?

A. Reverse them in the same period as the revaluation run.
B. The reversals must be done at the end of each quarter.
C. Never, because each period's revaluation adjustment is just for that period.
D. Both balance sheet and income statement revaluation journals should be reversed in the period.

Question 5

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. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
C. OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
D. Cloud customers can use both OTBI and OBIA.
E. OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application

Solutions: