Oracle Fusion Financials: General Ledger 2014 Essentials : 1z1-408

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Oracle 1z1-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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 define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
D) You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.

2. What is the most efficient way to add a new year to the accounting calendar?

A) Import the periods from a spreadsheet
B) Use the Add Year button
C) Add the periods manually
D) The application automatically populates the next year when you open the first period a new fiscal year.

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

4. Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?

A) Open the Oracle Identity Management (OIM) and make sure the data roles were created.
B) Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
C) Open the Manage Users page and make sure the employees at
D) Open Access Policy Manager (APM) and assign the roles manually

5. 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) Snapshot reports can only be viewed online.
C) 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.
D) Using Workspace, assemble multiple reports into a book.
E) Users can drill down on snapshot reports for future analysis.

Solutions: