Oracle 1z1-408 : Oracle Fusion Financials: General Ledger 2014 Essentials
- Exam Code: 1z1-408
- Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
- Updated: Oct 03, 2026
- Q & A: 76 Questions and Answers
About Oracle 1z1-408 Exam
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Oracle 1z1-408 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financial Reporting | - Reporting Tools
|
| General Ledger Configuration | - Chart of Accounts Structure
|
| Journal Processing | - Journal Entries
|
| Period Close Process | - Close Activities
|
| Accounting and Subledger Integration | - Subledger Accounting
|
Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use In addition to using the intercompany Reconciliation report?
- A. Receivables Aging by General Ledger Account report
- B. General I edger Trial Balance report
- C. AR Aging report
- D. Receivables to General Ledger Reconciliation report
Correct Answer: D 🗳️
Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?
- A. You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
- B. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
- C. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
- D. Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
Correct Answer: B 🗳️
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Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).
- A. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
- B. Cloud customers can use both OTBI and OBIA.
- C. OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
- D. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
- E. OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
Correct Answer: A,D,E 🗳️
Which three objectives must be considered when designing the chart of accounts?
- A. Limit the number of segments to those you need today to reduce data entry.
- B. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
- C. Anticipate growth and maintenance needs as organizational changes occur.
- D. Effectively manage an organization's financial business.
- E. Consider implementing a single, global chart of accounts
Correct Answer: C,D,E 🗳️
Your user forgot the password. How do you resolve this?
- A. Use Access Policy Manager (APM) to reset the user's password.
- B. Use Oracle Identity Management (OIM) to reset the user's password.
- C. Use the Manage Users page to update the user's information and change the password.
- D. Log in to the user's machine as an Administrator and change the password from the login pa
- E. Create a new user ID and password for the user.
Correct Answer: B 🗳️
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