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Oracle 1z0-408 Exam Syllabus Topics:

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

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    Question #1

                                    You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
                                    In which three ways do you accomplish this?

                                    • A. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
                                    • B. Users can drill down on snapshot reports for future analysis.
                                    • C. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
                                    • D. Using Workspace, assemble multiple reports into a book.
                                    • E. Snapshot reports can only be viewed online.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A,C,D  🗳️

                                    Question #2

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

                                    • A. Chart of accounts was not deployed.
                                    • B. Accounting Configuration was not submitted-
                                    • C. Two tree versions were not defined
                                    • D. An Audit process needs to be successfully performed before a tree version can be set to Active.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

                                    Question #3

                                    Your customer has only licensed Fusion Financials and wants to use approval workflows.
                                    Using which page to enter users and assign roles does Oracle consider best practice?

                                    • A. Policy Manager (APM)
                                    • B. Manage Users
                                    • C. Financials not a stand-alone product
                                    • D. Oracle Identity Management (OIM)
                                    • E. Hire a New Ernployee
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

                                    Question #4

                                    You need to define multiple allocation rules as efficiently as possible.
                                    Which three components can be reused across allocation rules?

                                    • A. Formulas
                                    • B. Run Time Prompts (RTP)
                                    • C. RuleSets
                                    • D. Point of View (POV)
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A,B,C  🗳️

                                    Question #5

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

                                    • A. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
                                    • B. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
                                    • 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, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

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