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

Oracle 1z1-408 test insides dumps
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 05, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z1-408 Exam Syllabus Topics:

SectionObjectives
Accounting and Subledger Integration- Subledger Accounting
  • 1. Accounting rules
    • 2. Journal import from subledgers
      General Ledger Configuration- Ledger Setup
      • 1. Accounting calendar setup
        • 2. Ledger definition and configuration
          - Chart of Accounts Structure
          • 1. Value sets and account segments
            • 2. Account hierarchies
              Journal Processing- Journal Entries
              • 1. Recurring journals
                • 2. Manual journal creation
                  - Journal Approval and Posting
                  • 1. Posting processes
                    • 2. Approval workflows
                      Period Close Process- Close Activities
                      • 1. Period close checklist
                        • 2. Adjustments and reconciliations
                          Financial Reporting- Reporting Tools
                          • 1. Financial statements generation
                            • 2. Smart View / reporting frameworks

                              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

                              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


                              Question 3

                              Which two statements are true regarding how Intercompany Balancing Rule, are defied?

                              A. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
                              B. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
                              C. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
                              D. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types


                              Question 4

                              How do you hide accounts with no balances showing #Missing in Smart view?

                              A. Select the Data/Missing check box in the Data Options tab.
                              B. This indicates a database connection issue. Try to reconnect to Fusion Applications.
                              C. Choose the Suppress Zeros option under Data options.
                              D. Use Excel functions to hide rows with #Missing assigned


                              Question 5

                              You need to define multiple allocation rules as efficiently as possible.
                              Which three components can be reused across allocation rules?

                              A. Point of View (POV)
                              B. Run Time Prompts (RTP)
                              C. Formulas
                              D. RuleSets


                              Solutions:

                              Question 1
                              Answer: A,C
                              Question 2
                              Answer: A,B,C
                              Question 3
                              Answer: B
                              Question 4
                              Answer: A
                              Question 5
                              Answer: B,C,D

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