Oracle 1z1-408 Q&A - in .pdf

  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 23, 2026
  • Q & A: 76 Questions and Answers
  • PDF Price: $49.99
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Oracle 1z1-408 Q&A - Testing Engine

  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 23, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z1-408 Exam Syllabus Topics:

SectionObjectives
Topic 1: Enterprise Structure and Configuration- Enterprise Setup
  • 1. Ledgers and ledger sets configuration
    • 2. Accounting calendars and accounting conventions
      • 3. Chart of Accounts configuration
        Topic 2: General Ledger Fundamentals- General Ledger Overview
        • 1. Ledger, legal entity, and business unit relationships
          • 2. Oracle Fusion Financials architecture and General Ledger concepts
            Topic 3: Intercompany and Consolidation- Advanced General Ledger Features
            • 1. Consolidation concepts and processing
              • 2. Intercompany balancing and transactions
                • 3. Secondary ledgers and reporting currencies
                  Topic 4: Allocations and Period Close- Period-End Processing
                  • 1. Open and close accounting periods
                    • 2. Year-end processing
                      • 3. Allocation rules and formulas
                        Topic 5: Financial Reporting and Analysis- Reporting Capabilities
                        • 1. Account inquiry and balances analysis
                          • 2. Financial statement generation
                            • 3. Financial Reporting Center and Smart View integration
                              Topic 6: Journal Processing- Journal Management
                              • 1. Manual journal entry and approval
                                • 2. Spreadsheet and automated journal import
                                  • 3. Journal posting and reversal processing

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    Question #1

                                    You want to define a tree or hierarchy for use in reports and allocations.
                                    What three aspects should you remember when creating the tree?

                                    • A. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
                                    • B. It is fine to have the same child value roll up to two or more different parent values.
                                    • C. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
                                    • D. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
                                    • E. The tree should have at least two tree versions to reduce report and allocation maintenance.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B,C,E  🗳️

                                    Question #2

                                    Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
                                    What should you do to correct the problem?

                                    • A. Open the Oracle Identity Management (OIM) and make sure the data roles were created.
                                    • B. Open Access Policy Manager (APM) and assign the roles manually
                                    • C. Open the Manage Users page and make sure the employees at
                                    • D. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B  🗳️

                                    Question #3

                                    All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
                                    What does Oracle consider the best practice approach to performing consolidations?

                                    • A. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.
                                    • B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
                                    • C. Use General Ledger's Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
                                    • D. Use Oracle Hyperion Financial Management for this type of complex consolidation.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

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                                    Question #4

                                    Your customer operates three shared services that perform accounting functions across 50 countries.
                                    What feature allows them to share setup data, such as Payment Terms, across Business Units?

                                    • A. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
                                    • B. Data Access Sets
                                    • C. Reference Data Sets
                                    • D. Business Units functions
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

                                    Question #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. Use the Freeze feature on the tables to scroll through large amounts of data.
                                    • B. Detach the table to resize it to the maximum size of the monitor
                                    • C. Export the table to Excel.
                                    • D. Run a Business Intelligence Publisher report with Excel as the output format.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: B,C  🗳️

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