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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question 1

Which three objectives must be considered when designing the chart of accounts?

A. Anticipate growth and maintenance needs as organizational changes occur.
B. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
C. Effectively manage an organization's financial business.
D. Limit the number of segments to those you need today to reduce data entry.
E. Consider implementing a single, global chart of accounts

Question 2

You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A. Account Analysis Reports
B. Journals Reports
C. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
D. Aging Reports

Question 3

You want to enter budget data in Fusion General Ledger. Which method is not supported?

A. Entering budget Journals
B. Application Development Framework Desktop Integration (ADFdi)
C. File-based Data Import
D. Smart View

Question 4

You want to process multiple allocations at the same time. What feature do you use?

A. Formulas
B. Point of View (POV)
C. General Ledger Journal entries
D. RuleSets

Question 5

What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
B. Posting performance is much faster.
C. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
D. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

Solutions: