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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financial Reporting and Analysis | - Reporting Capabilities
|
| Journal Processing | - Journal Management
|
| Intercompany and Consolidation | - Advanced General Ledger Features
|
| Enterprise Structure and Configuration | - Enterprise Setup
|
| Allocations and Period Close | - Period-End Processing
|
| General Ledger Fundamentals | - General Ledger Overview
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?
- A. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
- B. Use the "Hire an Employee" user interfaceto inter each user manually.
- C. Use the "Enter a Supplier" user interface to enter each user manually.
- D. Use SQL to populate the HR interface tables and load employees in bulk.
- E. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
Correct Answer: A 🗳️
You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?
- A. Data Roles
- B. Access Policy Manager's Role Generation
- C. You cannot reassign contingent workers.
- D. Oracle Identity Manager Roles Assignment
- E. Role Mappings
Correct Answer: E 🗳️
You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?
- A. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
- B. Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
- C. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
- D. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
Correct Answer: C 🗳️
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You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
- A. Freeze the Intercompany Journal source in General Ledger.
- B. Close the General Ledger period in the Manage Accounting Periods page.
- C. Close all subledger periods.
- D. Close Intercompany periods in Fusion Intercompany.
Correct Answer: D 🗳️
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?
- A. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
- B. Define two different charts of accounts.
- C. Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
- D. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
Correct Answer: C 🗳️
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