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Oracle 1z0-408 Valid Braindumps - Oracle Fusion Financials: General Ledger 2014 Essentials

1z0-408
  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 11, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
General Ledger Configuration- Ledger Setup
  • 1. Accounting calendar setup
    • 2. Ledger definition and configuration
      - Chart of Accounts Structure
      • 1. Value sets and account segments
        • 2. Account hierarchies
          Accounting and Subledger Integration- Subledger Accounting
          • 1. Journal import from subledgers
            • 2. Accounting rules
              Journal Processing- Journal Entries
              • 1. Manual journal creation
                • 2. Recurring journals
                  - Journal Approval and Posting
                  • 1. Posting processes
                    • 2. Approval workflows
                      Financial Reporting- Reporting Tools
                      • 1. Financial statements generation
                        • 2. Smart View / reporting frameworks
                          Period Close Process- Close Activities
                          • 1. Adjustments and reconciliations
                            • 2. Period close checklist

                              Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                              Question #1

                              You want to define a tree or hierarchy for use in reports and allocations.
                              What three aspects should you remember when creating the tree?

                              • A. The tree should have at least two tree versions to reduce report and allocation maintenance.
                              • B. It is fine to have the same child value roll up to two or more different parent values.
                              • C. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
                              • D. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
                              • E. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
                              Reveal Solution  Discussion  0

                              Correct Answer: A,B,C  🗳️

                              Question #2

                              What is the most efficient way to add a new year to the accounting calendar?

                              • A. Use the Add Year button
                              • B. The application automatically populates the next year when you open the first period a new fiscal year.
                              • C. Add the periods manually
                              • D. Import the periods from a spreadsheet
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for CramPDF members. You can sign-up / login (it's free).

                              Question #3

                              Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

                              • A. Update the journal through workflow
                              • B. Delete the journal and create a new journal.
                              • C. Reverse the journaland create a new one.
                              • D. Click the Withdraw Approval button in the Edit Journals page and edit the journal.
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Question #4

                              On whichthree occasions are Essbase balances updated?

                              • A. At report run-time
                              • B. Every time you open a new period
                              • C. Every time you run the batch program called "Update Essbase Balances"
                              • D. Every time the tree version is published
                              • E. Every time journals are posted to the general ledger
                              Reveal Solution  Discussion  0

                              Correct Answer: A,D,E  🗳️

                              Question #5

                              Which two delivered ro.es can access the full functionality of Functional Setup Manager,

                              • A. Any functional user
                              • B. IT Security Manager
                              • C. Functional Setup Manager Superuser
                              • D. Application Implementation Consultant
                              • E. Application Implementation Manager
                              Reveal Solution  Discussion  0

                              Correct Answer: D,E  🗳️

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