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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question 1

Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?

A. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
C. Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
D. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.

Question 2

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. Report Functions
B. Allow Expansion
C. Drill Through in Grid Properties
D. Nothing. All report balances are drillable in all FR Studio reports.

Question 3

You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?

A. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
B. Using Workspace, assemble multiple reports into a book.
C. Users can drill down on snapshot reports for future analysis.
D. Snapshot reports can only be viewed online.
E. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.

Question 4

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

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

Question 5

Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?

A. Role-Based Access
B. Segment Value Security
C. Data Access Sets
D. Cross-Validation Rules

Solutions: