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Oracle 1z0-408 Exam Syllabus Topics:

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.

A) The intercompany period is closed.
B) Both the intercompany and general ledger periods are open.
C) The corresponding Payables and Receivablesinvoicehave not been generated.
D) The intercompany transaction is not approved.
E) If they are different, then the exchange rate is missing between the intercompany and ledger currency.

2. You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?

A) Use Close Monitor in General Accounting Dashboard.
B) Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
C) Run Closing Status reports.
D) Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.

3. Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?

A) There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
B) There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
C) Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
D) Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.

4. Which repot show you differences between your subledger balances and General Ledger balances?

A) Payables and Receivables Aging Reports with the General Ledger Trial Balance report
B) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
C) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
D) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports

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

A) 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.
B) Posting performance is much faster.
C) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
D) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
E) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

Solutions: