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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
Journal Processing- Journal Management
  • 1. Manual journal entry and approval
    • 2. Spreadsheet and automated journal import
      • 3. Journal posting and reversal processing
        Financial Reporting and Analysis- Reporting Capabilities
        • 1. Account inquiry and balances analysis
          • 2. Financial statement generation
            • 3. Financial Reporting Center and Smart View integration
              Intercompany and Consolidation- Advanced General Ledger Features
              • 1. Intercompany balancing and transactions
                • 2. Consolidation concepts and processing
                  • 3. Secondary ledgers and reporting currencies
                    Allocations and Period Close- Period-End Processing
                    • 1. Allocation rules and formulas
                      • 2. Year-end processing
                        • 3. Open and close accounting periods
                          Enterprise Structure and Configuration- Enterprise Setup
                          • 1. Accounting calendars and accounting conventions
                            • 2. Chart of Accounts configuration
                              • 3. Ledgers and ledger sets configuration
                                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. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

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


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

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


                                    3. You want to enter budget data in Fusion General Ledger. Which method is not supported?

                                    A) Application Development Framework Desktop Integration (ADFdi)
                                    B) Entering budget Journals
                                    C) File-based Data Import
                                    D) Smart View


                                    4. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

                                    A) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
                                    B) 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
                                    C) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
                                    D) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for


                                    5. Your customer has only licensed Fusion Financials and wants to use approval workflows.
                                    Using which page to enter users and assign roles does Oracle consider best practice?

                                    A) Hire a New Ernployee
                                    B) Financials not a stand-alone product
                                    C) Policy Manager (APM)
                                    D) Manage Users
                                    E) Oracle Identity Management (OIM)


                                    Solutions:

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

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