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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
What's the most efficient way to achieve this?

A) Use Account Inspector that automatically creates graphs on financial balances.
B) When designing your financial statement using Financial Report (FR), embed a chart into your report
C) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.
D) Use Smart View, which is and Excel Add-on

2. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A) General Accounting Dashboard
B) Journals Work Area
C) Period Close Work Area
D) Financial Reporting Center

3. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Mapping Sets
B) Accounting attributes
C) Event Entities
D) Event Classes
E) Transaction Objects

4. 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) 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.
B) You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
C) 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.
D) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

5. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A) Close the General Ledger period in the Manage Accounting Periods page.
B) Freeze the Intercompany Journal source in General Ledger.
C) Close all subledger periods.
D) Close Intercompany periods in Fusion Intercompany.

Solutions: