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

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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question 1

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. You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
B. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
C. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
D. Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.

Question 2

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. Account Analysis Reports
B. Journals Reports
C. Aging Reports
D. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances

Question 3

Your user forgot the password. How do you resolve this?

A. Use the Manage Users page to update the user's information and change the password.
B. Log in to the user's machine as an Administrator and change the password from the login pa
C. Create a new user ID and password for the user.
D. Use Oracle Identity Management (OIM) to reset the user's password.
E. Use Access Policy Manager (APM) to reset the user's password.

Question 4

Which statement is true when creating an Implementation Project for Fusion Financials?

A. Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
B. You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
C. Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
D. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.

Question 5

Which three objectives must be considered when designing the chart of accounts?

A. Effectively manage an organization's financial business.
B. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
C. Limit the number of segments to those you need today to reduce data entry.
D. Consider implementing a single, global chart of accounts
E. Anticipate growth and maintenance needs as organizational changes occur.

Solutions: