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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 |
| Exam Format: | Multiple Choice, Multiple Response |
| Related Certifications: | Oracle Fusion Financials Cloud Certification |
| Real Exam Qty: | 60-70 |
| Available Languages: | English |
| Certificate Validity Period: | Oracle certification policy dependent (historically non-expiring or subject to Oracle policy updates) |
| Exam Duration: | 120 minutes |
| Exam Price: | $245 USD (may vary by region) |
| Recommended Training: | Oracle University - Fusion Financials Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1z0-408 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE (online proctored or test center) |
| Pre Condition: | Basic understanding of accounting principles and Oracle Fusion Financials fundamentals recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Ledger Configuration | - Ledger Setup
|
| Journal Processing | - Journal Approval and Posting
|
| Period Close Process | - Close Activities
|
| Accounting and Subledger Integration | - Subledger Accounting
|
| Financial Reporting | - Reporting Tools
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. Which two types of journals can be automatically routed through the journal approval process?
A) Journals imported from third-party systems
B) Manual journals
C) Allocation journals
D) Sub ledger journals
E) Revaluation journals
2. You want to enter budget data in Fusion General Ledger. Which method is not supported?
A) Smart View
B) Entering budget Journals
C) File-based Data Import
D) Application Development Framework Desktop Integration (ADFdi)
3. 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) When designing your financial statement using Financial Report (FR), embed a chart into your report
B) Use Smart View, which is and Excel Add-on
C) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.
D) Use Account Inspector that automatically creates graphs on financial balances.
4. 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) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
B) 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.
C) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
D) 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.
5. Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?
A) Smart View
B) Account Monitor
C) Account Inspector and its charts
D) Financial Reports with Embedded charts
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A |
By Sabrina
