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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Processing | 20% | - Creating, approving, and posting journals - Recurring, allocation, and reversal journals - Journal import and validation |
| Ledgers and Accounting Configurations | 20% | - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management - Currency and conversion rules |
| Reporting and Analysis | 10% | - Financial reporting using OTBI and Smart View - Trial balance and inquiry tools - Account inspector and balance analysis |
| Intercompany and Balancing | 15% | - Configuring intercompany accounts and rules - Intercompany reconciliation - Automatic balancing and elimination entries |
| Chart of Accounts | 20% | - Value sets, segments, and qualifiers - Cross-validation rules and segment security - Designing and configuring chart of accounts structure |
| Consolidation and Close Process | 15% | - Consolidation methods and eliminations - Period close and year-end processing - Translation and revaluation |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?
- A. Use Account Inspector.
- B. Perform an account analysis online.
- C. Create an Account Group using Account Monitor.
- D. Open a Smart View file saved on your desktop.
Correct Answer: B π³οΈ
You want to specify Intercompany System Options.
Which three factors should you consider?
- A. Whether to allow receivers to reject intercompany transactions
- B. Automatic or manual batch numbering and the maximum transaction amount
- C. The approvers who will approve intercompany transactions
- D. Automatic or manual batch numbering and the minimum transaction amount
- E. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
Correct Answer: A,B,E π³οΈ
Which three objectives must be considered when designing the chart of accounts?
- A. Anticipate growth and maintenance needs as organizational changes occur.
- B. Effectively manage an organization's financial business.
- C. Limit the number of segments to those you need today to reduce data entry.
- D. Consider implementing a single, global chart of accounts
- E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
Correct Answer: A,B,D π³οΈ
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 and make sure the tree is active. The hierarchy will be system generated for
- D. 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
Correct Answer: D π³οΈ
You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?
- A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
- B. Run Closing Status reports.
- C. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
- D. Use Close Monitor in General Accounting Dashboard.
Correct Answer: B π³οΈ
