Oracle 1z1-408 Q&A - in .pdf

  • 1z1-408 pdf
  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Aug 25, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z1-408 Q&A - Testing Engine

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  • Exam Code: 1z1-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
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Oracle 1z1-408 Exam Syllabus Topics:

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

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


                                    2. You need to define multiple allocation rules as efficiently as possible.
                                    Which three components can be reused across allocation rules?

                                    A) Run Time Prompts (RTP)
                                    B) RuleSets
                                    C) Point of View (POV)
                                    D) Formulas


                                    3. 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 sub ledger transactions and all others are based on general ledger balances.
                                    C) The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
                                    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.


                                    4. Identify three functions of Functional Setup Manager.

                                    A) Assign setup tasks to individuals with due dates where users must manually update their completion status.
                                    B) Automatically mark the status of tasks as Completed after they have been completed.
                                    C) Centrally manage the close processes across subledgers and ledgers.
                                    D) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
                                    E) Provide a central place to access and perform all of the setup steps across Fusion application product


                                    5. You want to process multiple allocations at the same time. What feature do you use?

                                    A) General Ledger Journal entries
                                    B) RuleSets
                                    C) Point of View (POV)
                                    D) Formulas


                                    Solutions:

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

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