Exam Code: 1z0-408
Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1z0-408 Exam Syllabus Topics:

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

                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                              1. Which two statements are true regarding the export/import of reports?

                              A) The export/import reports are available only for Fusion Customer Relationship Management.
                              B) A set of reports lists user names, suppliers, and customers that have been exported/imported
                              C) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
                              D) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
                              E) Reports on setup data can be used to compare and analyze how the data might have changed over time.


                              2. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

                              A) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
                              B) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
                              C) Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
                              D) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for


                              3. You defined a tree or hierarchy, but you are unable to set its status to Active.
                              What is the reason?

                              A) An Audit process needs to be successfully performed before a tree version can be set to Active.
                              B) Chart of accounts was not deployed.
                              C) Accounting Configuration was not submitted-
                              D) Two tree versions were not defined


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

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


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


                              Solutions:

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

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