Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Intercompany and Balancing | 15% | - Configuring intercompany accounts and rules - Automatic balancing and elimination entries - Intercompany reconciliation |
| Journal Processing | 20% | - Creating, approving, and posting journals - Journal import and validation - Recurring, allocation, and reversal journals |
| Consolidation and Close Process | 15% | - Period close and year-end processing - Translation and revaluation - Consolidation methods and eliminations |
| Reporting and Analysis | 10% | - Trial balance and inquiry tools - Account inspector and balance analysis - Financial reporting using OTBI and Smart View |
| Chart of Accounts | 20% | - Cross-validation rules and segment security - Value sets, segments, and qualifiers - Designing and configuring chart of accounts structure |
| Ledgers and Accounting Configurations | 20% | - Accounting calendars and period management - Currency and conversion rules - Defining ledgers, ledger sets, and reporting currencies |
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. 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) Nothing. All report balances are drillable in all FR Studio reports.
B) Drill Through in Grid Properties
C) Allow Expansion
D) Report Functions
2. You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?
A) Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.
B) Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
C) Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
D) Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
3. 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)
4. You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?
A) Use the "Hire an Employee" user interfaceto inter each user manually.
B) Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
C) Use SQL to populate the HR interface tables and load employees in bulk.
D) Use the "Enter a Supplier" user interface to enter each user manually.
E) Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
5. On whichthree occasions are Essbase balances updated?
A) Every time the tree version is published
B) Every time you run the batch program called "Update Essbase Balances"
C) Every time you open a new period
D) At report run-time
E) Every time journals are posted to the general ledger
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A,C,D | Question # 4 Answer: E | Question # 5 Answer: A,D,E |
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