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

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

2. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

A) Journal Line Rule
B) Journal Entry Rule Set
C) Journal Entry
D) Event Type
E) Event Class

3. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A) Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
B) Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
C) There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
D) Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.

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

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

5. You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A) Oracle Identity Manager Roles Assignment
B) You cannot reassign contingent workers.
C) Data Roles
D) Access Policy Manager's Role Generation
E) Role Mappings

Solutions: