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Oracle 1z0-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Ledger Fundamentals | - General Ledger Overview
|
| Topic 2: Allocations and Period Close | - Period-End Processing
|
| Topic 3: Intercompany and Consolidation | - Advanced General Ledger Features
|
| Topic 4: Journal Processing | - Journal Management
|
| Topic 5: Enterprise Structure and Configuration | - Enterprise Setup
|
| Topic 6: Financial Reporting and Analysis | - Reporting Capabilities
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?
A) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
B) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
C) Posting performance is much faster.
D) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
E) 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.
2. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
A) Journal Line Rule
B) Journal Entry Rule Set
C) Event Class
D) Event Type
E) Journal Entry
3. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?
A) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
B) Additional intercompany rules will need to be defined for the two additional balancing segments.
C) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
D) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
4. You want to process multiple allocations at the same time. What feature do you use?
A) Formulas
B) RuleSets
C) Point of View (POV)
D) General Ledger Journal entries
5. On whichthree occasions are Essbase balances updated?
A) Every time you run the batch program called "Update Essbase Balances"
B) Every time the tree version is published
C) Every time you open a new period
D) At report run-time
E) Every time journals are posted to the general ledger
Solutions:
| Question # 1 Answer: C,E | Question # 2 Answer: B | Question # 3 Answer: A,D | Question # 4 Answer: A | Question # 5 Answer: B,D,E |



