Oracle 1z0-408

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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What's the difference between subject areas that append the word "Real Time" and those that do not?

A) There is no difference.
B) The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
C) The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
D) The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

2. Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use In addition to using the intercompany Reconciliation report?

A) AR Aging report
B) General I edger Trial Balance report
C) Receivables to General Ledger Reconciliation report
D) Receivables Aging by General Ledger Account report

3. Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?

A) Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
B) Create two journal line rules with a condition of supplier type.
C) Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.
D) Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.

4. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A) Close Intercompany periods in Fusion Intercompany.
B) Close all subledger periods.
C) Close the General Ledger period in the Manage Accounting Periods page.
D) Freeze the Intercompany Journal source in General Ledger.

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

Solutions: