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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Period Close Process | - Close Activities
|
| Journal Processing | - Journal Entries
|
| General Ledger Configuration | - Chart of Accounts Structure
|
| Accounting and Subledger Integration | - Subledger Accounting
|
| Financial Reporting | - Reporting Tools
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).
- A. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
- B. Cloud customers can use both OTBI and OBIA.
- C. OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
- D. OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
- E. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
Correct Answer: A,D,E 🗳️
Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?
- A. In Fusion Financials, you must manually reconcile your intercompany account balances.
- B. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
- C. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
- D. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
- E. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
Correct Answer: C 🗳️
Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?
- A. Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
- B. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
- C. You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
- D. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
Correct Answer: B 🗳️
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Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?
- A. Financial Reports with Embedded charts
- B. Smart View
- C. Account Inspector and its charts
- D. Account Monitor
Correct Answer: B 🗳️
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. Aging Reports
- B. Account Analysis Reports
- C. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
- D. Journals Reports
Correct Answer: D 🗳️
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