Oracle Fusion Financials: General Ledger 2014 Essentials : 1z0-408

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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Mapping Sets
B) Event Classes
C) Accounting attributes
D) Transaction Objects
E) Event Entities

2. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) Posting performance is much faster.
B) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
C) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
D) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
E) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

3. Which statement is true when creating an Implementation Project for Fusion Financials?

A) You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.
B) Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
C) Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
D) You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain

4. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
B) All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
C) You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
D) You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.

5. You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
What's the most efficient way to achieve this?

A) Use Smart View, which is and Excel Add-on
B) Use Account Inspector that automatically creates graphs on financial balances.
C) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.
D) When designing your financial statement using Financial Report (FR), embed a chart into your report

Solutions: