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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What Is Oracle Essbase?

A) A data ware house
B) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
C) A robust reporting and analysis tool
D) A relational database

2. Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?

A) You must assign the corresponding Receivables and Payables Business Units.
B) You must perform additional setup steps for Fusion Payables and Fusion Receivables.
C) You can only associate one Intercompany Organization per Legal Entity.
D) You only need to assign the Legal Entity and Organization Contact.

3. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

A) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
B) Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
C) Define two different charts of accounts.
D) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

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

Solutions: