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Oracle 1z1-408

1z1-408

Exam Code: 1z1-408

Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials

Updated: Aug 18, 2026

Q & A: 76 Questions and Answers

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Oracle 1z1-408 Exam Syllabus Topics:

SectionObjectives
Topic 1: Intercompany and Consolidation- Advanced General Ledger Features
  • 1. Consolidation concepts and processing
    • 2. Secondary ledgers and reporting currencies
      • 3. Intercompany balancing and transactions
        Topic 2: Journal Processing- Journal Management
        • 1. Journal posting and reversal processing
          • 2. Spreadsheet and automated journal import
            • 3. Manual journal entry and approval
              Topic 3: Enterprise Structure and Configuration- Enterprise Setup
              • 1. Chart of Accounts configuration
                • 2. Ledgers and ledger sets configuration
                  • 3. Accounting calendars and accounting conventions
                    Topic 4: Financial Reporting and Analysis- Reporting Capabilities
                    • 1. Financial statement generation
                      • 2. Account inquiry and balances analysis
                        • 3. Financial Reporting Center and Smart View integration
                          Topic 5: General Ledger Fundamentals- General Ledger Overview
                          • 1. Oracle Fusion Financials architecture and General Ledger concepts
                            • 2. Ledger, legal entity, and business unit relationships
                              Topic 6: Allocations and Period Close- Period-End Processing
                              • 1. Year-end processing
                                • 2. Open and close accounting periods
                                  • 3. Allocation rules and formulas

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    1. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
                                    Which journal attribute should you use to set the automatic posting criteria?

                                    A) Journal Batch
                                    B) Journal Category
                                    C) Journal Description
                                    D) Journal Source


                                    2. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

                                    A) Open a Smart View file saved on your desktop.
                                    B) Use Account Inspector.
                                    C) Create an Account Group using Account Monitor.
                                    D) Perform an account analysis online.


                                    3. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
                                    Which three features facilitate this?

                                    A) Account Monitor
                                    B) Financial Reports published to Excel
                                    C) Account Inspector
                                    D) Online Transactional Business Intelligence
                                    E) Smart View


                                    4. Which two types of journals can be automatically routed through the journal approval process?

                                    A) Sub ledger journals
                                    B) Allocation journals
                                    C) Manual journals
                                    D) Revaluation journals
                                    E) Journals imported from third-party systems


                                    5. What is the most efficient way to add a new year to the accounting calendar?

                                    A) Add the periods manually
                                    B) Import the periods from a spreadsheet
                                    C) The application automatically populates the next year when you open the first period a new fiscal year.
                                    D) Use the Add Year button


                                    Solutions:

                                    Question # 1
                                    Answer: A
                                    Question # 2
                                    Answer: D
                                    Question # 3
                                    Answer: B
                                    Question # 4
                                    Answer: C,E
                                    Question # 5
                                    Answer: C

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