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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Reporting and Analysis | 10% | - Trial balance and inquiry tools - Financial reporting using OTBI and Smart View - Account inspector and balance analysis |
| Chart of Accounts | 20% | - Designing and configuring chart of accounts structure - Value sets, segments, and qualifiers - Cross-validation rules and segment security |
| Consolidation and Close Process | 15% | - Consolidation methods and eliminations - Translation and revaluation - Period close and year-end processing |
| Journal Processing | 20% | - Recurring, allocation, and reversal journals - Creating, approving, and posting journals - Journal import and validation |
| Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Intercompany reconciliation - Configuring intercompany accounts and rules |
| Ledgers and Accounting Configurations | 20% | - Currency and conversion rules - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Question 1
You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?
A. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
B. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.
C. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
D. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
Question 2
What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?
A. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
C. 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.
D. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
E. Posting performance is much faster.
Question 3
Which statement is true when creating an Implementation Project for Fusion Financials?
A. 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.
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. Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
D. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.
Question 4
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?
A. Drill Through in Grid Properties
B. Allow Expansion
C. Nothing. All report balances are drillable in all FR Studio reports.
D. Report Functions
Question 5
What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?
A. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
B. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
C. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
D. Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
Solutions:
| Question 1 Answer: B | Question 2 Answer: C,E | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: D |
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