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

1z0-408 Exam Simulator
  • Exam Code: 1z0-408
  • Exam Name: Oracle Fusion Financials: General Ledger 2014 Essentials
  • Updated: Sep 15, 2026
  • Q & A: 76 Questions and Answers

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Oracle 1z0-408 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Journal Management
  • 1. Journal posting and reversal processing
    • 2. Manual journal entry and approval
      • 3. Spreadsheet and automated journal import
        Topic 2: General Ledger Fundamentals- General Ledger Overview
        • 1. Ledger, legal entity, and business unit relationships
          • 2. Oracle Fusion Financials architecture and General Ledger concepts
            Topic 3: Financial Reporting and Analysis- Reporting Capabilities
            • 1. Financial Reporting Center and Smart View integration
              • 2. Account inquiry and balances analysis
                • 3. Financial statement generation
                  Topic 4: Enterprise Structure and Configuration- Enterprise Setup
                  • 1. Ledgers and ledger sets configuration
                    • 2. Chart of Accounts configuration
                      • 3. Accounting calendars and accounting conventions
                        Topic 5: Intercompany and Consolidation- Advanced General Ledger Features
                        • 1. Secondary ledgers and reporting currencies
                          • 2. Consolidation concepts and processing
                            • 3. Intercompany balancing and transactions
                              Topic 6: Allocations and Period Close- Period-End Processing
                              • 1. Year-end processing
                                • 2. Allocation rules and formulas
                                  • 3. Open and close accounting periods

                                    Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

                                    Question #1

                                    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. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
                                    • D. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
                                    • E. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: A,B  🗳️

                                    Question #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. Event Type
                                    • B. Journal Line Rule
                                    • C. Event Class
                                    • D. Journal Entry
                                    • E. Journal Entry Rule Set
                                    Reveal Solution  Discussion  0

                                    Correct Answer: E  🗳️

                                    Question #3

                                    Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

                                    • A. Click the Withdraw Approval button in the Edit Journals page and edit the journal.
                                    • B. Reverse the journaland create a new one.
                                    • C. Update the journal through workflow
                                    • D. Delete the journal and create a new journal.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: C  🗳️

                                    Question #4

                                    What type of user must be defined before you can create an Implementation Project?

                                    • A. A full-time employee that has the FSM Superuser role assigned
                                    • B. Implementation Users
                                    • C. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
                                    • D. All roles that will be used throughout the implementation
                                    • E. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

                                    Question #5

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

                                    • A. Use the Add Year button
                                    • B. Add the periods manually
                                    • C. Import the periods from a spreadsheet
                                    • D. The application automatically populates the next year when you open the first period a new fiscal year.
                                    Reveal Solution  Discussion  0

                                    Correct Answer: D  🗳️

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